Two important Money questions here:
1) “Buyers: “What is this home worth?” and Sellers: “How much will my home bring me at closing?”
Both of these questions will show the need for a CMA, which is a Comparative Market Analysis. The CMA will give you an idea of what the property is valued at in terms of similar homes in the area that have sold in the last 6 months and what the unsold and the under contract homes on the market are priced at. This information plus the days on market (DOM) will enable you to develop your selling or buying strategy. If you would like a CMA calculated on your property for selling, just complete this simple form and I will prepare a customized report showing what similar homes have sold for, which homes are under contract and homes currently listed for sale in your neighborhood. I’ll send you this complimentary report within 48 hours after you submit your request! Our team always does a CMA with buyers as a matter of course to help them get the best possible deal on the home they desire to buy.
2) How can I finance my Dream Home? Thinking about a Mortgage?
Unless you are an all cash buyer, you will need a home loan from a mortgage lender to provide most of the funds to purchase your new home. As usual, there is that question in the back of your mind: Can I afford this? In addition, is this the right move at the right time? To answer that you can use a mortgage calculator and ask the experts — lenders, agents, and Mom or Dad, but the reality is that you are the only one who truly knows whether you can afford to buy right now. Moreover, the no fun part is creating a detailed income vs. expense report. Analyze what you earn and what you spend (without considering the expected new mortgage) — at least get a full month’s snapshot.