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How Much Can You Spend on Your Next Home?

  • Writer: maggieward
    maggieward
  • Feb 26, 2021
  • 1 min read

Even if you're not thinking about selling your home, you might be wondering how much of a new home you could afford. You might see a house for sale in a nice area, and think, "Could I get into a house like that?"


Why not find out?


It only takes a few calculations to determine how much of a new home you qualify to buy. The calculation involves estimating how much you can get for your house on today's market; determining what type of home you want and establishing what a house like that would currently sell for; and then taking into consideration your income, savings and other financial resources.


Once you put it all together, you'll have a nice price range within which you can confidently shop for a new home.


This exercise might surprise you. You might find out you can afford to get into a home and neighborhood you've always dreamed about. It's worth finding out!

 
 
 

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Maggie Ward, Realtor

Broker, SRES

DRE #01016282

Maggie Ward Realty

1008 W Ave M14, Ste F3

Palmdale, CA 93551

MaggieWardRealtor@gmail.com

661-209-1776 (c)

661-362-0199 (f)

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