Vic Carrillo - Southern California Realtor

Afternoon at Billy’s at the beach

Does Your Home Have What Buyers Are Looking For?⁣
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There’s a great opportunity for today’s homeowners to sell their houses and make a move, yet due to the impact of the ongoing health crisis, some sellers are taking their time coming back to the market.⁣⁣
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For homeowners who need a little nudge of motivation to get back in the game, it’s good to know that buyers are ready to purchase this season. After spending several months at home and re-evaluating what they truly want and need in their space, buyers are ready and they’re in the market now.⁣

Preparing to buy? Start saving early⁣.
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Here are the main costs to consider when saving for a home:⁣
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•Down payment: Your down payment requirement will depend on the type of mortgage you choose and the lender. Some conventional loans aimed at first-time homebuyers with excellent credit allow as little as 3% down. But even a small down payment can be challenging to save. Use a down payment calculator to decide a goal, and then set up automatic transfers from checking to savings to get started.⁣
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•Closing costs: These are the fees and expenses you pay to finalize your mortgage, and they typically range from 2% to 5% of the loan amount.⁣
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•Move-in expenses: You'll need some cash after the home purchase. Set some money aside for immediate home repairs, upgrades and furnishings.⁣

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