How To Price Your House For Sale
In Start Over Finish Rich, author David Bach details his 10 Steps to Get You Back On Track In 2010. Bach has written a number of books on financial topics and this book was written in 2009. It is an easy read with an abundance of good information. Here is a brief synopsis of the 10 steps.
To choose the best strategy for you, talk with your realtor, visit site attorney AND your tax professional. Clearly, I am NOT an attorney and I don’t pretend to be. I’ve sat through many (many) meeting with customers and their attorneys. In no way should you think there’s a one-size-fits-all solution for keeping or getting out from a house.
Our very first step was to partner with a realtor who would market the house and help us turn this very tiny home into somebody else’s very tiny home. Like most people, we put money into fixing a few things around the house, painting walls and replacing old carpet, really trying to give the place a fresh clean facelift. I felt at that point we had done all that we could do and now the fate of selling this house lay solely in the hands of our realtor. Also check https://fkdainava.lt/
You find a House for rent, on a rent-to-own program. The option to purchase price is 200,000. After 24 months this rent to own house appreciates in value by the industry average of 4% per year, making it worth 216,320. Now, let’s say your rent payment is $1,500 per month. At the end of two years you will have paid $36,000 in rent. But wait! You have a 20% rent credit of $7,200!
There are (2) ratios which serve as guidelines: Housing Expenses-This is your monthly mortgage payment along with property taxes and insurance and cannot exceed 28% of your monthly gross income. The second ratio is debt to income ration which should not exceed 36% of monthly gross income. These guidelines are somewhat flexible.
Budget – The amount of money you want to spend as rent determines a lot about the house. When you are looking for a house, make sure this is something which the agent is aware of.
His mission statement is that “the happier I can make myself, the happier I can make other people.” An enviable perspective to have there, Mr. Shmooze.