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Real Estate Tips
Pricing >Listing and Selling Price

When calculating what you can afford in a house, don't just look at the list price. The amount you pay for a house is important when you consider your ability to re-sell the house. Today's mortgage options are increasing the possibilities for home buyers, so you should also take a close look at what it will cost you to live in the house.

Your monthly housing cost is the second figure to consider, and that cost is largely determined by current interest rates. Today's real estate market is very price-driven. Homes which are in the best condition and have the most attractive price tags are the ones that sell.

Diverse financing options and competition among lenders are giving many buyers the opportunity to buy a more expensive house or condo than they thought they could afford--and sooner. There are many creative ways to get into a home with a relatively small amount of money. Ask your real estate agent to help you look at today's numbers--you may be pleasantly surprised.

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Real Estate Trivia
Q 
What does "contingency" mean in real estate?

A 
A contingency is a specified event that must take place before a home purchase contract is binding; for example, a sale can be said to be "contingent upon the sale of the buyer's current residence."
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Team Carneglia, REALTOR®, real estate agent and broker for Concord, Huntersville and Charlotte, North Carolina home listings, property and land for sale - NUMBER1EXPERT(tm)

Team Carneglia
Wilkinson and Associates

8604 Cliff Cameron Dr.
Charlotte, NC 28269
704-962-6155
Fax: 704-749-8740
TeamCarneglia@NUMBER1EXPERT.com

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