Donelle Rae Real Estate

Nothing beats a weekend at the beach with amazing friends!! 😍🌊🏖️ Love you guys 😘

Congratulations Dr. !!! Puerto Vallarta was the perfect destination to celebrate your accomplishments!! ¡Salud!

❤️♥ Congratulations ♥❤️

A little late but so incredibly happy for my friend who bought her first home!! 😆🏡🎉

Cheers to new beginnings & all the amazing memories you’ll make in your new home! 🎉🥂🍾 And thank you for allowing me to be your partner in crime throughout your home buying journey! 🥰

❓Did you know❓Closing costs are different than your down payment??

Closing costs are the fees associated with the purchase of real estate, including escrow and lender fees, and are separate from your down payment. The fees can vary depending on location, the home, type of loan, if you are buying or selling, etc. They are typically around 1-2% of the purchase price and can include:

- Appraisal fee
- Underwriting/Processing fees
- Prepaid Insurance & Interest
- Transfer fee
- Escrow fee
- Prorated taxes
- Title insurance
- HOA fees

Of course, closing cost are dependent on many factors so the best way to find out your closing costs are to connect with a local agent and lender!

Xo,
Donelle Stewart // 🌵Your AZ RealtorⓇ

DM me for more info or a connection to an amazing lending team here in AZ!

BIGGEST MYTH OF HOME BUYING.... You don't have to put 20% down!!

Minimum down payment:
▪️ 3% for Conventional
▪️ 3.5% for FHA
▪️ 0% for VA / USDA

According to National Association of Realtors (NAR), the typical down payment for first-time homebuyers is 6%! The typical down payment for repeat buyers is 17%.

Food for thought
// In today's rapidly appreciating market it would actually COST a buyer more money to try and save 20% vs. buying that same home today with 3% down! \\

Buying a home can be confusing & sometimes overwhelming but I'm here to help make the process easy peasy!

Drop a comment below or DM me if you would like a free buyer guide!

Donelle Stewart // 🌵Your AZ RealtorⓇ
📞 480-639-8842
💌 [email protected]
💻 www.DonelleSellsAZ.com
Envision Real Estate Team @ MHG

  

When buying a house there’s nothing more excited than hearing: 【ＹＯＵ　ＨＡＶＥ　ＲＥＣＯＲＤＥＤ】 ✅ 🎉 🎊
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As a buyer this means your loan has been funded, down payment deposited and title has officially been transferred into your name!!
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Time to get keys 🏡🔑 & pop some bubblies! 🥂🍾
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Do you always find yourself signing another lease because you just aren’t quite “ready” yet? That’s where I come in! Give me a call and let’s make a game plan so when that time comes you are 💯 READY!!

Donelle Stewart // Realtor Ⓡ
📞 480-639-8842
💌 [email protected]
💻 www.DonelleSellsAZ.com
Envision Real Estate Team @ MHG

5 Tips to Becoming a Homeowner in 2021

1 - Budget - determine how much you can spend each month. Calculate your income vs your debts. Most financial advisors say you should spend no more than 28% of your gross income on housing and no more than 36% on all debts (mortgage + other debts like student loans, credit cards, etc) combined.

2 - Save - One of the biggest items to save for is a down payment, however this does not need to be the daunting 20%. Although it is highly recommended to put down 20% to lower your payment and avoid mortgage insurance, FHA and Conventional only require a minimum of 3-3.5% down. Closing costs are also another cost to save up for. In AZ these are typically around $5500-$6500.

3 - Build Credit - Having good credit can not only help lower your interest rate but also open the door to more loan options. Focus on paying bills on time, reducing your debt to income ratio to under 45% and avoid opening/applying for new credit.

4 - Contact a Local Lender - This is a very important step for many reasons! Any lender can help you navigate the loan process but a LOCAL lender will help educate on which loan may be the best option for you. Local lenders are also very in tune with the market specific to your area and their local knowledge can help win in a multiple offer situation! Local lenders can also give credit guidance to increase your score while you are home hunting!

5 - Call me! There are 150+ steps in a real estate transaction, so having a trusted, knowledgeable agent by your side can help to navigate any unexpected speed bumps along the way. Don't go at it alone. PLUS - it costs you nothing out of pocket to use me!!

Call or msg me if you having been thinking about buying your 1st home, next home or your forever home!

Donelle Stewart // Realtor
c: 480.639.8842
[email protected]

They say it's what's on the inside that counts -- that's especially true when it comes to a home! What's your favorite room in your house?