Buying or Selling in the Salem Market?

Whether this is your first time buying and/or selling, here are some myths we’d like to bust:

• You have to have a 700 credit score
•  You have to have 20% down 
• You must have been at the same job for 10 or more years
• You need to renovate everything in your current house first to get the best price
• It’s going to take a REALLY long time to sell your current house and buy a new one
• You’ll never have equity in a home you bought less then 5 years ago
• You’re only 25, you’re too young to buy a house

Here is some important information from Shaunte to help you succeed in the todays market:

“Selling your home and buying a new home simultaneously is called a contingent transaction. This means that the purchase of your new home depends on the successful sale and closing of your existing home. Most buyers do not qualify for more than one primary home at a time, so we have to work closely with your Lender to create a very strategic plan that is custom to your needs. The dates involved in the transactions are the most critical elements to track. We will have contingency deadlines and additional paperwork, but your team at NW Home Collective has a lot of experience in this area. Approximately 65% of home buyers have owned a home prior, and most of them will need to sell their existing home first. If you are selling a nicer home at a higher price point, you will most likely receive contingent offers, as that is the pool of buyers that are financially qualified to buy your home. “

-Shaunte Cruse (Owner and Founder of NW Home Collective)

 There is a saying when it comes to real estate, ” People buy things everyday, but no one buys homes everyday; some may never buy a home”. When you embark on such a huge endeavor it’s extremely important to have the right team by your side. NW Home Collective is tried and true, backed by the principals of honesty, integrity and knowledge. Shaunte calls Salem home and her husband owns a great tap house there; they are embedded in the community. She is uniquely qualified to help you find the home of your dreams in the Salem area, and can help make what seems impossible, possible.