Palm Springs, Palm Desert, and La Quinta real estate and homes for sale in California - Richard Martin & Associates, REALTORS® Richard Martin & Associates REALTORS(r) for Palm Springs, Palm Desert, and La Quinta, California real estate - NUMBER1EXPERTS™ Richard Martin & Associates NUMBER1EXPERTS(tm) for Palm Springs, Palm Desert, and La Quinta, California real estate

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Real Estate Tips
Financing Your Home >Your Financial Cushion

When you calculate how much you will need to purchase a home you will add up the down payment and closing costs. It is also a good idea to leave yourself with some financial cushion to cover the incidental expenses associated with moving.

First, you will have to pay the moving company unless you can find friends with strong backs who will help you. Then many buyers plan to do some work, such as painting, replacing carpet, or refinishing floors. If you are moving into a larger space, you may find yourself making some major furniture purchases within a few months of closing.

A financial cushion is important enough that some lenders require buyers to have an amount in the bank equivalent to two or three months mortgage payments. This is especially true for buyers who are putting less than ten percent down. Your real estate agent can give you guidance. A lot depends on your overall financial situation. If your mortgage is a relatively low percentage of your monthly income, you will be able to rebuild a comfortable amount of savings in a few months.

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Real Estate Trivia
Q 
What building has been named the 21st Century Townhouse project?

A 
4 townhouse in Bowie, MD made of giant foam/board panels, concrete/styrofoam block frames, steel, and aerated concrete.
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Richard Martin & Associates, REALTORŪ, real estate agents and broker for Palm Springs, Palm Desert, and La Quinta California home listings, property and land for sale - NUMBER1EXPERT(tm)

Richard Martin ABR, CRS,GRI, Broker
RE/MAX Real Estate Consultants

501 S. Palm Canyon
Palm Springs, CA. 92262
Tel: 760-416-7777
Tel: 760-578-8472
Fax: 760-837-1475
Email: richardmartin@richardmartinrealtor.com

Always Friendly Professional Service.....I am dedicated to Client Representation. This means that your needs are a PRIORITY! Whether searching for that IDEAL PROPERTY or negotiating the BEST CONTRACT TERMS, YOUR DESIRES are my PRIORTY. I am a member of the prestigious Certified Residential Specialists Council, a Graduate of The Realtor Institute, Notary Public, Accredited Buyers Representative and have a California Real Estate Broker's License. I serve as a Director of the Palm Springs Regional Association of Realtors. I am always anxious to answer any questions!

ABRCRSEqual HousingGRIMLSREALTOR


RE/MAX Real Estate Consultants real estate and homes for sale in Palm Springs, Palm Desert, and La Quinta California RE/MAX Real Estate Consultants real estate and homes for sale in Palm Springs, Palm Desert, and La Quinta California



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