Keeping It Real Estate with Colleen Benson
Keeping It Real Estate with Colleen Benson
Colleen Benson
Ep 108: Mailbag – 20% Down Payments, Selling Privately, and More
11 minutes Posted May 19, 2022 at 9:00 am.
– Should we be leaving wiggle room on the houses we are looking at?
– Is a 20% down payment enough in this market?
– Can I rent back my home to a buyer and when do I negotiate this?
– Would we miss out on selling privately?
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Show notes
We are answering some of your questions on today’s show about buying and selling your home. In this market is a 20% down payment enough? Definitely! While it may be harder to win certain bids 20% is usually more than enough.
Mary wrote in that her loan approval was for $700,000 and with all the houses selling above asking value she is wondering if she should look at houses more in the $600,000 range to leave some wiggle room? It might be smart to look a little below your maximum budget, but it’s going to depend on your lender and a few other factors. Join us today as we explore these questions and more on rent-back situations and selling privately.  
 
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