Before you start looking at Salt Lake City homes and condos, it's a good idea to know how you will finance the purchase of your new home and how much of your own money you will need to accomplish this.
Down Payment : Most houses are bought with 3% to 20% down. There are many loans for a variety of needs. If you put 20% or more down, there is no private mortgage insurance. FHA loans can be done with just 3.5% donw.
Closing Costs : Closing costs and prepaid taxes & insurance will typically be about 3% (2%-4%) of the purchase price. However, the Buyer can usually negotiate with the Seller to have them pay for the Buyers closing costs. The lender allows this, so the Buyer usually doesn't need to save the closing costs in order to buy a home.
Inspections: A home inspection will usually cost $300 or more and is almost always worth it. The Buyer should plan on paying for this at the time of inspection.
My goal is simple, to have fun helping people get the home they want!
Because of you and my other valued clients I have the opportunity to do
what I love to do, help people in Salt Lake buy & sell homes & condos.
If your plan is to move from one home to another, just putting your home on the market isn’t enough. Your home will need to be ready to show and you’ll need a strategy to accomplish the sale and purchase of another home in a reasonable time frame.
With 10 years selling homes in metro Salt Lake and 20 years in the real estate business, I have many strategies and an in depth understanding of what it takes to help you sell and buy another home. Call or email me if you’d like to take advantage of this opportunity!
Contact SLCHomeBuyer and Kevin Coyle
