In Dover, New Hampshire over the last six months of real estate transactions, 136 deals closed in 8 days or less. The average days on market for any given property in Dover was 22. In Portsmouth, 111 real estate transactions happened in 9 days or less. In Rochester, 141 less…
Continue reading →Here’s a breakdown to help determine your budget for buyinig a home.
1. Assess Your Financial Situation
2. Calculate Your Debt-to-Income Ratio (DTI)
3. Determine Your Down Payment
4. Consider Additional Costs
5. Get Pre-Approved for a Mortgage
6. Use the 28/36 Rule
7. Factor in Lifestyle and Long-Term Goals
8. Consult with Professionals
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And, if you’d like more specific advice tailored to your situation, I can help you run some numbers or give you more detailed steps! You can give me a call at 603 617 6018.
Assemble a vast pile of money.
No, seriously.
Here’s a step-by-step break down of the steps in the home buying process:
1. Assess Your Financial Situation
-Save for a Down Payment
-Build an Emergency Fund
-Check Your Credit Score
2. Get Pre-Approved for a Mortgage
-Identify Potential Issues
3. Hire a Realtor
4. Start House Hunting
5. Make an Offer and Close the Deal
There are only two ways to create money: reduce expenses or make more. Personal austerity rarely works, but strategic budgeting can help. Every quarter, I play a game of red light/green light with my finances, cutting unnecessary costs and keeping essential ones. Making more money can be tougher, but side hustles and business ownership offer potential. Building an emergency fund and paying off debt are crucial steps towards financial freedom. Remember, your assets can generate income without your direct involvement. Start small, seek advice, and stay committed to your financial journey.
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