Please feel free to give me a call anytime. I am a direct lender and will be able to let you know how much you qualify for based on your situation. (credit, income, debts, etc)
Best of Luck and have a great day.
Jackie Pulcano, SVP
United Mortgage Corp
I will take a different approach to your question. Will your in-laws be on title to the property and/or on the trust deed? If they will be on the loan, their credit and income can certainly help if it is a positive factor. If they will be on title, you might have some additional things to think about, such as a future refinancing, a future sale or a status change from any of you. Write up an agreement to cover those and other issues that may arise so that there will be no hard feelings.
You don't indicate if you will be keeping the home and if so for how long. This factor could also make a difference in what you should do.
You shold talk to a good lender, as was mentioned previously, to determine your financing options and ability to obtain a loan. Michele Kole at 858-627-9559 is excellent and if you need a referral for a superb buyer's agent let me know.
Finally, you can go to my site...http://www.fredeckertgroup.com to see an informational video about an interest rate buydown.
The site below has lots of useful buyer information.
First of all you need to figure out what the maximum monthly payment you will be comfortable with. Be sure to include taxes and insurance. Any loan officer can help you with that or contact me directly and I will be happy to help you. Then make a point not to go over what you are comfortable with
As far as what maximum listing price to look at, well I always go a little above the maximum price my buyer is look at because many homes have unrealistically high listing prices. There is no real formula. Too many buyers think they can just offer a certain % below the listing price, no matter what it is. It really depend on what the home is and what it is listed at
We are in a buyers market and most sellers at some point get realistic and will sell their home a market price. It never hurts to offer below the listing price. I just like to make sure it is realistic and based on market value. You can always go up if needed. It really comes down to working with an broker or agent that will do their homework and work to find you the best value
Depending on the area and what you are looking for, you should be able to find a nice home in the $400k range
I work as a buyerâ€™s agent and am very successful in finding my clients the home they are looking for.
Please feel free to contact me anytime
Diane Conaway, RE/MAX United, (760) 749-2888
Serving Buyers in North County