Planning ahead always improves your chance of success. Shopping by sales price can be a complicated way of finding the right home. Due to property taxes and home owners insurance being different for each home, it can sway your shopping sales price up and down. Add in a fancy home owners association fee, and your sales price may need to drastically drop.
Qualifying you on your desired monthly payment is the easiest way for you to shop without disappointment. A $250,000 house can have a payment of $1350 with great taxes and no HOA, whereas a $215,000 house can have a payment of $1800 with higher taxes, and an HOA of $150. And these specifics have nothing to do with interest rates. These variances are only tax, insurnace, and HOA fees.
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Let us help YOU find your "sweet shopping spectrum".
It is more dependable to target your monthly payment and learn how to evaluate each home individually. This will allow you to sift through the listings and pinpoint the perfect home for your family. Learning how your PITI
is created for each home, will make you the smarter shopper, and will streamline your home shopping to only the homes that fit your personal goals.