Posted on April 10, 2019 - 12:59 PM
by Liz Riddick
Don’t go on a spending spree using credit if you are thinking about buying a home, or in the process of buying a new home. Your mortgage pre-approval is subject to a final evaluation of your financial situation.
Every $100 you pay per month on a credit payment could cost you about $10,000 in home eligibility. For example, a car payment of $300/month could mean that you qualify for $30,000 less in a mortgage.
Even if you have accumulated enough savings, you should consider not making any large purchases until after closing. The last thing you want is to know that you could have purchased a new home had you curbed the urge to spend.
Liz was our agent with selling my parents property in Blowing Rock. I didn't have a lot of time to deal with it and in hindsight was really glad to have Liz and her team on board. She handled the initial listing very well and with her experience she recommended a fair market price range which resulted in a good offer. Additionally, Liz had quite a bit of personal experience with house renovation, a skill that many realtors do not have, which was important with her knowledge of house construction and repair costs. Finally, we had a couple of unique and difficult situations with the property that had the possibility of the sale being delayed or falling through altogether. Once again, Liz came through, thinking outside the box with creative solutions that she presented with diplomacy and professionalism that were agreeable to all parties. I can't say enough good things about Liz and her team. I highly recommend her.David Leadbetter
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