Posted on November 29, 2018 - 05:00 AM
by Todd Riddle
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.
Thank you for finding a buyer for our home in Missouri City, Texas. I am impressed with your ability to not only understand the real estate market generally, but your ability to actually produce buyers. Furthermore, you were able to understand and motivate the prospective buyers in a way that they became enthusiastic buyers. This ability you possess is the difference between listing a house and getting it ready to show on the one hand and finding an interested, qualified buyer on the other. That difference is huge. The former is marketing, but the latter is selling. We had previously engaged other, well known brokers in the area to sale our house with very little success. Within weeks of you having listed the house, you produced at least two prospective buyers who were truly interested in buying the house. There were problems that had to be solved in the process--and you solved them. When you focus on a particular house for sale, you seem to be able to shift into another gear and get the job done. We truly appreciate the way you handled our real estate needs.