Here is the BEST way to spend $5K, $10K, $25K or more from a seller 🏡💰

When it comes to buying a house, you need to think about how any seller credit can impact you the MOST.

Post-inspections, during the request for repair stage, sellers usually prefer giving a monetary credit over doing the repairs themselves.

If you’re in this situation, you might question why not just lower the price of the home instead of receiving a credit?

Let’s explore an example in which you receive a $10K credit from the seller ⤵️

Lowering the price by $10,000 reduces your mortgage, but the effect is relatively minor – it might decrease your monthly payment by around $30 a month. That’s not a huge difference in your monthly budget. 🫤

So what to do? The most effective way to utilize the $10,000 is to accept it as a credit. You can apply this towards your closing costs, which reduces your out-of-pocket expenses dollar for dollar. 💵

OR, in the current market conditions, you could use it for a rate buy down, significantly decreasing your monthly mortgage payment. 🙌🏾

To talk through what might make sense for you, reach out! 🦸🏾‍♀️
📧 leah@leahguerrahomes.com
📲 310-945-8232