Buying or selling a home is a big move. Literally. So, it’s important you ask the right questions. And there is a lot to ask! When is the best time to buy or sell? Should I buy an old or new home? What are the benefits of living in a metropolitan area vs. a suburban area? In this segment of LXTV Open House, we took to the streets to field questions from real people about real estate.
That’s where your real estate professional comes in. Frank D. Isoldi with Coldwell Banker, answers questions like “When touring a home with a broker, what should I really be looking for?” and “What is the best thing I can do to make my house ready for resale?” Find the answers to these questions and more in the video below.
Do you have a real estate question? We’d love to help! Start by checking out our online resources or tweet us @coldwellbanker.
[…] post Real Estate Questions: Ask An Expert appeared first on Coldwell Banker Blue […]
[…] Real Estate Questions: Ask An Expert […]
[…] post Real Estate Questions: Ask An Expert appeared first on Coldwell Banker Blue […]
[…] post Real Estate Questions: Ask An Expert appeared first on Coldwell Banker Blue […]
[…] post Real Estate Questions: Ask An Expert appeared first on Coldwell Banker Blue […]
[…] post Real Estate Questions: Ask An Expert appeared first on Coldwell Banker Blue […]
how do I payoff my Coldwell banker mortage
MASTER PLANNING – Buy home/rent and open up home business.
I’m a
W2 employee making about 80K per years. What I want to do is either
buy a home or rent and then go PT & set up a home business. I
thought I would pitch the Master Plan to the experts for feedback on the
following options.
Assumptions are interest rates will increase, price of homes will increase, and it is difficult to by a home when self-employed.
SWF,
W2 California healthcare employee with salary of 80K full time, 45K
savings, 25K well managed credit card debt, credit score 775.
1
Buy big single home – $300K home at 5% down with ~ $2,000+ monthly
payment (includes PMI and taxes) approx 23K to close. Then go part-time
as W2 work @ $40/hr, get a roommate, and open home/internet business.
The reasoning for buying a nicer home – –I won’t be able to buy this
home when self-employed until I have a long proven income record. In
case the internet business takes time, my backup plan could be to just
rent out the whole house if necessary and move into it later after the
business is up and going.
2 Buy smaller home (condo, townhouse)
– 180K-240K at 5% down ~ $1,500 (or less) monthly payment + HOA
(includes PMI and taxes) approx 18K (or less) to close. Then go part
time, no roommate needed, and open home internet business. Still have a
piece of the American dream but give up appreciation by owning a condo.
3
Rent at $1,200-$1,400 and have no headaches of buying a home. Go
part-time at $40/hr, no roommate needed, and start a home internet
business.
So would you grabbed the opportunity to buy a home
today given today’s market conditions, a current W2 status, good
interests rates, and decent housing prices? Would you buy a more
expensive home knowing you are moving away from a W2 status? Would you
ditch the home buying idea, rent a home, go part-time, and have more
money to start a home/internet business?
Big decisions require Big minds. Any advice out there? Thanks.