FiNanCing ResourCes

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If you are not sure how much house you can afford, here is a mortgage calculator that can help estimate your monthly mortgage payment based on your down payment amount and credit history. This will give you a sense of the financial consideration without having to pull your credit report. Once you have an idea of what you can afford and have your documents in order, you can contact a Loan Officer who will pull your credit report and provide financing options based on your financial situation. 

When buying a home, one of the first steps is having a pre-approved financing letter from a lender. For that, you will need a Loan Officer that can help you with a home loan application. If you are already have a loan officer that you are working with, great. Provide that information to us when you contact us. If not, we recommend Rob Tamaela at Tamaela Mortgage.

 23390 SE 52nd St
Issaquah, WA 98029 

P:  (425) 369-9660  | E:  Info@TamaelaMortgage.com 

1. Determine the lowest offer you are willing to take.
2. Ensure your house is ready to be put on the market. Either work with your agent on staging the home, repairs, stretching or cleaning carpets, sprucing up your landscaping to give the property curb appeal or contract some folks to help.
3. Make sure you review the Comparable Reports from your agent so you can have realistic expectations about offers.
4. Work with your agent to determine how offers will be handled. Will you have a set date by which all offers need to be submitted and consider or will it be on a rolling schedule. There is not wrong or right way, just what you and your agent feel is best for you. 
5. As you work with your listing agents on details about the properties, make sure you give your agent insider information on the neighborhood or home that may appeal to buyers.
6. Consider what's most important to you as offers start coming in. Are you all about the bottom line and will prioritize top dollar offers or will you consider the type of buyer and reasons for them wanting your to buy your home? These are important things to have figured out before you start reviewing offers.

1. The number one thing to figure out when you are buying a home is how much house you can afford. You can estimate this by using a mortgage calculator. The main thing that goes into determining how much how you can afford are your income, your down payment amount, your credit score and your debt to income ratio (how much you outstanding debt you have relative to how much you make).
2. Determine your top three must-haves and your deal breaker. Is walking distance to work important to you? How about the quality of the school district? Walkability? Is parking a must-have?
3. Location, location, location. Decide the top three neighborhoods you want to look at and work with your agent to give you reports on those neighborhoods.  This will help you and your agent narrow the search.
4. Determine your walk away offer. How much are you willing to go above the asking to get the house of your dream without breaking the bank.
5. Talk to multiple loan officers and shop around to compare offers.
6. If you are a first time home buyer, look for first time buyer offers which may help lower your down payment amount.