How To Sell Your Home For More How To Sell Your Home For More - Adam de Jong | Page 98

How To Sell Your Home For More
Before Craig and Melissa started searching for homes for sale in their
area, they asked their bank how much they could borrow.
The bank needed their personal financial statements and salary history
along with a credit check and completed loan application.
After processing the application, the mortgage officer approved a loan
of $360,000 subject to a valuation of the purchased home. Craig and
Melissa had saved $60,000 giving them a total of $420,000 to spend.
They knew there would be costs of about $10,000 when they purchased
so they both agreed they could afford up to $410,000.
They began online searches for homes in their price range and in
their desired area. They also researched recent sales in the area and
discovered homes were selling quite close to the asking price.
Because Craig and Melissa both worked six days a week, time was
precious and they could really only afford to look at homes for sale in
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