Murfreesboro Realtor explains, Your Money and a New Home. In Middle TN for Buyers & Sellers

May 20, 2010 - PRLog -- Your Budget Your Money and what you need to know before you buy that home.    

mbororealestate.com  
Home of the no risk contracts. When you let us help you buy your new home we will allow you to cancel the contract at anytime. The number one reason buyers who are thinking of moving into a new area are hesitant to sign up with Real Estate Agent is they are afraid of the long term contract that locks them in to that agent for months. Now we’ve removed that problem. We will allow you to cancel the contract at anytime. If we are not living up to what you expect from a realtor or if for some reason you change your mind we will cancel the contract that day. Now that’s peace of mind.

Your banker will tell you how much you qualify for. But that is not your starting point. In fact it should be your last resort. If your Realtor pushes you toward your upper limit look for a new agent.
You will be much happier in a home that you can truly afford than in a bigger house that stretches your budget.
If you are going to buy a new house there are several details that you should know before you start looking.
One of the highly imperative is your budget. But you need to know how much you can afford before you look .
One mistake home buyers make is they look for the highest home they qualify for. Example’ if you qualify for a $150,000 home do not look at only $150,000 homes. What can you really afford? It may be a $125,000 home and probably is.
Your budget plays a major role in buying a home and how you are going to move further. There are two different things that go into your budget. First, you need to look at your monthly income .If you are getting a steady paycheck {before overtime} then it is easy to move forward . On the other side if you are self employed it will be little bit complicated.
Just make sure that when you are looking at these things that you write down information. If you mess up this process you could end up in a bad situation. Now you know your monthly income , the next step is to consider your expenses. This includes everything from utilities to loans to money that you need for fun. When you know all of your expenses, you can then decrease that number from the money that you make each month.
This will give you a very good idea as to how much money you have left over on a monthly basis. From there, you can probably guess how much you can afford to a home. As you can see, a budget is very important if you are going to be buying a new home. Not only it will help you to prepare for the buying procedure, but it will also help you when you own your home . Sure, you may be able to get away without planning your budget but this is not a risk that you should be willing to take. Instead, take a few minutes and plan out an exact budget that you can follow during the entire buying process.
If your Realtor pushes you toward your upper limit look for a new agent.
You will be much happier in a home that you can truly afford than in a bigger house that stretches your budget. Just for emphasis.

If you ever have any questions or need help with any real estate needs or know someone who does please feel free to call or email me anytime. I would love to have the opportunity to be your neighbor and realtor.

I never force a seller to continue to use me as their agent if they are not comfortable with my style or methods. I will allow you to cancel our contract at anytime you are not happy with me or you just change your mind.

Please feel free to call or email me anytime.
Mike O'Donnell
615-473-5684
Tema@comcast.net

mbororealestate.com

Home of the no risk listings. The number one reason home owners who are thinking of selling are hesitant to sign up with Real Estate Agent is they are afraid of the long term contract. Now we’ve removed that problem. When you let us help you sell your house we will allow you to cancel the contract at anytime. If we are not living up to what you expect from a realtor or if for some reason you change your mind we will cancel the contract that day. Now that’s peace of mind.

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As a FULL TIME realtor in Murfreesboro TN, I can and will devote whatever time is needed to help you meet your real estate needs.
I treat each client with respect and dignity whether the property you are interested in is worth $5000 or $5,000,000.