Miguel Lozano Besst Realty Group

12/27/2022

Home-buying Tip Tuesday!

Closing Costs

Save smart and plan ahead for closing costs to make the home-buying process seamless and stress-free!

You should save around 2-5% of your expected purchase price for closing costs.

For example if you’re buying a $300,000 home you should save $6,000 to $15,000 for closing costs!

Bonus tip! In a buyers or balanced market the seller may offer or be open to paying your closing costs. This is something you can negotiate which could end up saving you thousands of dollars!

If you have any questions comment below!

Miguel Lozano
Besst Realty Group
801-668-0479

12/27/2022

Price reductions=42 📉
Price range=400k or below 💰
Time Frame= 14 Days 🗓
Location= Weber & Davis County 📍

Dm me if you’d like this list sent to you 😎

Miguel Lozano
Besst Realty Group
8016680479

08/08/2022

Here’s a great article to read about why and how the forbearance program helped prevent a massive number of foreclosures.

There were nearly 5 million households who participated in some sort of forbearance program.

Out of those 5 million who participated four out of every five have either payed the program off in full or are exiting with some kind of plan.

While the majority of homeowners are exiting the forbearance program with a plan, for those who still need to make a change due to financial hardship or other challenges, today’s record-level of equity is giving them the opportunity to sell their houses and avoid foreclosure altogether.

Bottom line is the forbearance program was a game changer for homeowners in need. It’s one of the big reasons why we won’t see a wave of foreclosures coming to the market.

“Life is a blessing”
Miguel Lozano
801-668-0479
Besst Realty Group

When the pandemic hit in 2020, many experts thought the housing market would crash. They feared job loss and economic uncertainty would lead to a wave of foreclosures similar to when the housing bubble burst over a decade ago. Thankfully, the forbearance program changed that.