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Real Estate Tips
Financing Your Home >Financially Qualified

Most purchase agreements allow buyers to get out of the contract if they can't qualify for a mortgage. If you are selling your home, be sure to get some reassurances before you make a commitment to buyers. Most contracts now require timely loan applications and pre-qualifying letters from the lender.

There is no way to be absolutely certain that buyers will be able to obtain financing. Real estate professionals will help buyers determine what they can afford and whether there are financing alternatives. They will also eliminate buyers who are not financially qualified. Training and experience enable them to resolve difficulties quickly to avoid wasting time.

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Real Estate Trivia
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What is the average price for a home in the United States?

A 
According to recent data published by the NAR, the national median price for existing single-family homes is now $230,000.
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Ed Smith, REALTOR®, real estate agent and broker for Albuquerque and Rio RanchoNew Mexico home listings, property and land for sale - NUMBER1EXPERT(tm)

Ed Smith
RE/MAX Masters

6705-A Academy NE
Albuquerque, NM 87109
Cell: 505-263-4423
Fax: 505-883-9244
Toll Free: 1-800-753-2782
Email: edsmith@NUMBER1EXPERT.com
General Email: EdSmithTeam@comcast.net

"I am celebrating 26 years of real estate in Albuquerque, Rio Rancho and surrounding areas!"

GRI REALTOR CRS Equal Housing MLS


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