Monday, November 16, 2009
Tucson Real Estate and Homes - November 2009
Realty Executives, Southern Arizona
Over 600 Homes Sold
Gregory Maul, ABR, CRS, GRI
Senior Associate Broker
Ready to buy a home?
Ask yourself a few key questions first.
Can you afford to own a home?
Whether it's a sellers market or in our case today, a buyers market, knowing what and IF you can afford a home is critical.
The National Association of REALTORS notes correctly that homes and financing are closely intertwined and describes financing as the difference between the purchase price and the down payment, commonly referred to as debt or the mortgage.
The best case scenario is to have some money saved for a down payment and additional money set aside for closing costs. In some cases, though, closing costs can be worked into the price of the home.
Here's a great exercise to help you save!
Roughly determine how much of a monthly mortgage payment you can afford. In addition to your monthly rent or current mortgage payment, take the rest of the money it would take to pay the new mortgage and put it into a savings account. Do this for six months.
There are two good things about this exercise:
Do you know what you want?
Whether you are moving up to a larger home, are a first-time home buyer or are purchasing a second house, knowing what you want will simplify your home search process. Talk honestly and openly about details such as:
Do you have a particular timeframe to buy?
By answering these questions honestly, you'll have a more realistic view of what you really want in your future home.
How's your credit?
The best way to ensure your loan is approved by the lender is to keep your credit in check. The best advise? For at least one year prior to purchasing a home make absolutely sure you pay your rent, credit card bill, car payment or any other debt in full and on time.
Not sure if you're credit score is in a good spot? Ask Gregg Maul to recommend a lender or mortgage professional who can answer all your home financing questions.
Careful planning and preparation will help you throughout the entire home buying process. Once you have these questions answered, call Gregg Maul to get started. Once you have a REALTOR, like Gregg Maul, that's right for you, then you will be on your way to making the dream of home ownership a reality!
Sincerely,
Gregg Maul
(520) 471-8088
Gregg@TucsonRealEstate-golf.com
Oh by the way...if you know of someone who would appreciate the level of service I provide, please call me with their name and business number and I will be happy to follow up and take great care of them.
http://www.funintucson.com
http://www.tucsonrealestate-golf.com
Realty Executives
Over 600 Homes Sold
Gregory Maul, ABR, CRS, GRI
Senior Associate Broker
Ready to buy a home?
Ask yourself a few key questions first.
Dear Friend,
Can you afford to own a home?Whether it's a sellers market or in our case today, a buyers market, knowing what and IF you can afford a home is critical.
The National Association of REALTORS notes correctly that homes and financing are closely intertwined and describes financing as the difference between the purchase price and the down payment, commonly referred to as debt or the mortgage.
The best case scenario is to have some money saved for a down payment and additional money set aside for closing costs. In some cases, though, closing costs can be worked into the price of the home.
Here's a great exercise to help you save!
Roughly determine how much of a monthly mortgage payment you can afford. In addition to your monthly rent or current mortgage payment, take the rest of the money it would take to pay the new mortgage and put it into a savings account. Do this for six months.
There are two good things about this exercise:
- You get a feel for what it would be like paying the new mortgage, and
- You now have some money saved for potential closing costs or even a down payment on the house!
Do you know what you want?
Whether you are moving up to a larger home, are a first-time home buyer or are purchasing a second house, knowing what you want will simplify your home search process. Talk honestly and openly about details such as:
- square footage
- floor plans
- neighborhoods
- nearby schools
- style of home
Do you have a particular timeframe to buy?
By answering these questions honestly, you'll have a more realistic view of what you really want in your future home.
How's your credit?
The best way to ensure your loan is approved by the lender is to keep your credit in check. The best advise? For at least one year prior to purchasing a home make absolutely sure you pay your rent, credit card bill, car payment or any other debt in full and on time.
Not sure if you're credit score is in a good spot? Ask Gregg Maul to recommend a lender or mortgage professional who can answer all your home financing questions.
Careful planning and preparation will help you throughout the entire home buying process. Once you have these questions answered, call Gregg Maul to get started. Once you have a REALTOR, like Gregg Maul, that's right for you, then you will be on your way to making the dream of home ownership a reality!
Sincerely,
Gregg Maul
(520) 471-8088
Gregg@TucsonRealEstate-golf.com
Oh by the way...if you know of someone who would appreciate the level of service I provide, please call me with their name and business number and I will be happy to follow up and take great care of them.
http://www.funintucson.com
http://www.tucsonrealestate-golf.com
Realty Executives
# posted by Gregg Maul @ 2:32 PM 
