Parveen  Tiwari

Parveen Tiwari

Sales Representative

Mobile:
416-873-6682
Richi   Khanna

Richi Khanna

Sales Representative

HomeLife/Miracle Realty Ltd, Brokerage *

Mobile:
647-997-1281
Email Me

Hire Top Class Real Estate Agents Who Will Invest In Your Future

How Much Can You Spend On The Next House?

Ever pass by a house for sale in a nice area and think to yourself, “Could I purchase a home like that?” Why not find out?! It only takes a few calculations to determine how much of a new home you qualify for.

 

The following 3 factors can help determine just how much you can afford to spend on your next home: 

 

1. How much is your current house worth?

Knowing the value of current homes on the market today, you can assess the price you can afford and have a good understanding of the overall financial situation. It can also determine whether the list you care about is priced correctly and how to price your home. Before buying your next home on a budget, use online appraisal tools and similar homes to determine the value of the home.

 

2. The kind of house you need to take straightaway. 

The primary attributes of the fantasy house, like its area, area, number of rooms/restrooms, style (for example two-story building and farm), and year of development, all of which decide the amount you require to pay to make it yours . Do some examination to comprehend the market's inclination (or no inclination) for the sort of lodging you are keen on.

 

 

Also Read: 5 Factors To  Consider When Buying A Home

 

 

 

3. Your liquid assets and liabilities​.

Of course, you should also take into consideration your income, liquid savings and other financial resources! Time to check in on those pre-authorized contributions to your ‘rainy-day savings’ account, see how much that car/boat/jewelry you don’t use may be worth, and take stock overall of your liquid assets. It may just surprise you how much your accumulated possessions are worth! On the flip side, any substantial debt accrued or a loan you haven’t paid out yet will also need to go in the books. You’ll want to get those cleared up before house-shopping.

 

 

Even if you are not planning to sell your current home, you may want to know how much you can afford. After everything is set up, you should have a good understanding of how much you can spend and the price range you can use to help you buy a new house with confidence.

Try this exercise out! It is worth checking whether you can afford to enter your dream neighborhood and home now, or just need to set some goals to help you get there.

 

 

CLICK THE IMAGE BELOW TO WATCH THE VIDEO

 

 

Thinking about BUYING or SELLING a Home,

Team Soldxperts can help you and if you have any questions in regards to real estate, then you must call Us today! at

647-933-0009

What Are You Waiting For?

CALL TEAM SOLDXPERTS  NOW!

Richi Khanna

647-997-1281

Sales Representative

Parveen Tiwari

647-494-0009

Sales Representative

 

YOUR HOME SOLD GUARANTEED OR WE’LL BUY IT!*

         *Certain Conditions Apply. Call for details

 

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