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Are you thinking about buying a home?

Are you thinking about buying a home?

Are you thinking about buying a home?
Over the next few weeks I’ll share with you the tips I have learned interviewing Realtors, Appraisers, Home Inspectors,
Insurance agents and adjusters, and Mortgage lenders.
There’s a small amount of inside info and a bunch of simple commonsense steps you can take to make your home buying or selling experience a whole lot easier.
Now I did say easier, because it’s not easy, and it should not be.
Buying a home or selling your home is the biggest financial and sometimes, emotional decision you can make.
But stop into my page maybe once a week and I’ll be happy to help you thru it.
Any questions?
Great!
Lets begin,
What can you afford to buy?
Trying to figure out what you can afford to buy is brutal.
Why? Well are you familiar with the old expression,”Too many cooks spoil the broth?”
Any time you buy or sell a home you are working with a group of people who are there to help you, supposedly…
They all have a reason to push you or pull you in one direction or another.Mainly their motivation is money.
Doesn’t make them bad people. Some how we have the idea that if some one has made a bunch of money in their life they’re a thief or not trust worthy? Not true.
There lots of successful folks out there who aren’t,” in it to win it.”
A standard rule to use in figuring out what you afford is,
36%.
36% of you gross income is what you spend on a mortgage payment every month.Or 2 and a half times your gross annual income.
If you take a minute and do some math , you’ll find it’s already working for you because that’s most likely what your current rent is.Npw a good mortgage person with their soul intact will be of some honest help as well. If you need one , reach out to me and I’ll send you their info.

Here’s your first bonus.

If you spend the same amount buying a home as you pay in rent?
You’ll wind up money ahead because of the tax laws.
How ’bout Uncle Sam.working for you?

Step one. Let’s get into your finances.
A simple step to take is lowering your bills.Cutting your monthly expenses.
This can be done by looking at your bills and deciding what you can change or live without.
You can probably get by without the premiums on your cable bill, or keep just your WiFi and buy a Fire stick from Amazon.
Fire stick $40 one time charge.
Amazon $12 a month
Netflix $12 a month.
WiFi $50 a month
Getting off your butt in front of the TV, priceless.
You can probably save some money on your insurance and utility bills too.
I think you see where I’m going with this.
We all tend to spend more then we need to, and when it comes to home buying or selling?
Every little bit helps.
Until next time, thanks for listening,
Mark Mills
The Radio Realtor
305-587-3105
Mark@americancaribbean.com

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Mark Mills

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