Thursday, January 9, 2025 / by Vic Markarian
Knowing what to budget for when buying a home may feel intimidating — but it doesn’t have to be. By understanding the costs you may encounter upfront, you can take control of the process.
Here are just a few things experts say you should be thinking about as you plan ahead.
1. Down Payment
Saving for your down payment is likely top of mind. But how much do you really need? A common misconception is that you have to put down 20% of the purchase price. But that’s not necessarily the case. Unless it’s specified by your loan type or lender, you don’t have to. There are some home loan options that require as little as 3.5% or even 0% down. An article from The Mortgage Reports explains:
"The amount you need to put down will depend on a variety of factors, including the loan type and your financial goals. If you don’t have a large down payment saved up, don’t worry—there are plenty of options available . . ."
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Monday, August 26, 2024 / by Vic Markarian
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Vic Markarian, a top teal estate agent in Granada Hills, CA, sheds light on the long-term financial benefits of buying a home over renting, particularly in the context of building equity. “In today’s market, understanding the value of home ownership is more crucial than ever,” Markarian states. With increasing numbers of homes hitting the market, he is keen to assist buyers in navigating their options and making informed decisions that align with their financial goals.
Vic Markarian has helped thousands of renters to become home buyers in the last 34 years. “As a dedicated Realtor agent in Granada Hills, CA, I’m here to help you decipher the complex dynamics of the real estate market, including the fluctuating mortgage rates influenced by various economic factors,” says Markarian. He emphasizes that while the upfront costs of buying might seem higher, the long-term gains in equity can substantiallk ...
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Wednesday, June 5, 2024 / by Vic Markarian
Vic Markarian, a leading real estate listing agent in Granada Hills, CA, reports a significant increase in the number of homes being listed for sale in 2024 compared to last year. This surge in listings offers more options for buyers but also creates more competition for sellers. “With more homes on the market, it’s crucial to ensure your property stands out,” says Markarian. “We can help you navigate the latest listings and make your home shine.
As more homeowners decide to sell, the importance of strategic marketing and presentation becomes paramount. “It’s not just about listing your home; it’s about showcasing it in the best possible light,” explains Markarian. Top Realtor agents in Granada Hills, CA like Markarian emphasize the need for a comprehensive approach to home selling, including professional photography, staging, and targeted advertising. “Sellers need to find the Realtor that can create the highest d ...
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