How Much Is My Home Worth?
Like most homeowners, you may have asked this question and are curiousity about what your Your Area's home may be worth. Here’s an easy way to find out what homes like yours are selling for in today’s market. Click Here
How Do I Know If I'm Ready To Buy A Home? Do I have the ability to pay a mortgage every month, plus additional costs?
You can find out by asking yourself some questions:
Do I have a steady source of income (usually a job)? Have I been employed on a regular basis for the last 2-3 years? Is my current income reliable? Do I have a good record of paying my bills? Do I have few outstanding long-term debts, like car payments? Do I have money saved for a down payment?
If you can answer "yes" to these questions, you are probably ready to buy your own home.
Do I have the ability to pay a mortgage every month, plus additional costs?
The earnest deposit could be several hundred or even several thousand dollars, but usually no more than 5% of the purchase price. Note: If the buyer's contract is not accepted by the seller, the money is returned to the buyer.
There are two types of agents, "Buyer's Agents" and "Seller's Agents". It used to be common for all parties involved to work for the seller, hence the term "Seller's Agent". Nowadays, you will most often find a different type of agent, the "Buyer's Agent". If you are in the market to buy, it would be advisable to use a Buyer's Agent. They can make recommendations on what terms and prices to offer as well as negotiating a deal with your best interest in mind. If you happen to be working with a Seller's Agent, never disclose to them the top dollar you are willing to pay for any property. Keep it narrowed down only to things that you would tell the seller directly.