Top of the day to everyone!
I received a call from a Zillow prospect several days ago. She wanted to see a particular property here in West Sacramento. After several minutes of conversation, it became apparent that the home she was interested in was well out of her price range (disapointment ensued!) How was she misinformed? Just below the photograph she saw the “Est. Mortgage” as $1242/mo. on a property listed for $349,900. She was excited! She could afford that! Not so fast…I clicked the calculator icon next to it only to find that this was with a 20% down payment of $69,980 which she did not have. IMPORTANT FYI; Please make sure you have your Realtor or Lender put together a “Buyer’s Net Sheet” that will include all monthly expenses to include property taxes, homeowner’s insurance, as well as the current interest rates.