The online calculators give you a "pretty good" idea of what the costs will be but the good faith estimate that you get from your lender will be far more accurate. Also, we as agents can help you estimate all of the costs better but like I said, the most accurate picture comes from the lender. Also, this property is in dallas county so go to their web site to get all of the property tax info: http://www.dallascad.org/ As far as borrowing against the credit, I think what you're referring to is with FHA financing you may be able to get a "bridge loan" that does that very thing. Talk with your lender about this option though and it's only for FHA financing. Check out my site for more info: http://www.homebuyertaxcreditsite.com/
At this time you cannot borrow against the tax credit or do a a bridge loan. The deadline was in September when the credit was expiring in November. Now that's it's been extended, they haven't announced yet if doing a bridge loan is going to be a possibility.
Closing costs can be negotiated with the seller to ask them to pay for most of them. I wouldn't let that stop you.
Zestimates don't work in Texas because Texas is a non-disclosure state. They are more mis-stimates than anything else. Please don't use that site for valuation purposes at all.
Have you considered Rowlett, Sachse and Wylie? They are all close to Garland and have Verizon Fios.
Are you qualified for a loan? With any sales offer you must submit with lender approval letter those statements are valid for 60 days, if exceeds that time additional letter updates required.
Interest rate, PMI, insurance, tax, closing costs, all come into play determine many factors on what you can afford.
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Any of us would be more than happy to assist you directly. Since you're buying, you wouldn't have to worry about paying realtor commissions - the seller pays the commission. You'll have to contact one of us as we don't have access to your info through Zillow. That way we'll be able to answer all of your questions, send you any info you need, show you houses you like, etc. I would suggest picking a few agents and talking to them initially to get a "feel" for them and then determine which one you want to work with. Best of luck!
Any of us (agents) can set you up to be able to view MLS listings and if there's any that you like and save as a "favorite", then it will update you if the property is no longer available (i.e. sold or taken off market). You can also look at the county tax record sites (like the one I posted below) and they'll show when properties are sold but it may take several days before the records are updated online.
On a property that is this much with good credit I dont see how you would need anymore than $9000 to close if you paid all your closings costs. If you would like help looking for a home in Mesquite I would be happy to help. I have lived next door in Forney for the majority of my life and know and have worked in Mesquite as well.
I can keep you updated with properties and let you know when they are and are not available, show you all the properties and help you negotiate the sale. As an added bonus I give 20% of my commission back to you at closing. Its not a lot but after you have seen how I handle my clients it will just be a nice bonus.
Please dont hesitate to call me directly at 214-682-0598.
To be honest, I'm more in the preliminary phase and do not currently have the full amount for down payment/closing. FICO's good (at least according to Experian) but debt-to-income ratio is not as hot, which is why I went for the smaller property. I had actually read a response from an agent on here about lenders providing the option of foregoing closing costs by borrowing against the $8000/10% tax credit (it sounds like the bridge loan you referenced, Jerry). Based on the 5% average Nicole mentioned, it looks like I would need at *least* $9000 ($5000 down payment plus 5% of the theoretical final value of the property).