Look at the numbers before you commit to buy or sell AND during the process. I have easy to understand tools for buyers and sellers to review the numbers involved in their next transaction. Here is a short list of information you may need to collect and review before you even get started:
- Income statements (W2, 1099, Income Tax Returns)
- Savings and liquid asset statements (including retirement accounts)
- Credit score
- Loan charges
- Appraisal fees
- Pre-paid interest and points
- Mortgage origination fees
- Homeowners insurance rates (including flood insurance if necessary)
- Property tax rates in area you wish to purchase
- Title fees, title insurance and recording fees
- Mortgage payoff
- State & county transfer taxes
- Broker commissions & fees
- Bottom-line proceeds after a sale & purchase
Then during the process of buying or selling, especially if you're looking for an income producing property or investment to flip, there are numerous variables that may change the outcome, including:
- Current property values/location
- Property condition
- Value trends
- Municipal sales requirements/Certificate of Occupancy
- Rental values/location
- Rental requirements/Certificate of Occupancy
- Empowerment zones/Affordable housing initiatives
I am an expert consultant with the right tools and processes to help you understand your own position and capabilities, and match them with the right properties in the marketplace.
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