Sold with Shanice

Being self-employed and wanting to buy a home can be tricky! Here are some ways to strengthen your pre-approval odds:

🗝 Establish a self-employment track record
🗝 Max out the credit score
🗝 Offer a large down payment
🗝 Pay off all consumer debt
🗝 Have significant cash reserves
🗝 Enlist a co-signer

Self-employed borrowers will have to provide more paperwork to document income when compared to traditional employees who can produce a W-2.

Making big updates to your home doesn’t always mean it’s going to sell faster. It also might not be the best choice for you. Let me explain…

When selling your home, it’s natural to want to squeeze every last dollar you can from the buyer. There’s nothing wrong with that, but if you’re spending a lot of money trying to update your home before you sell, you’re more than likely going to wind up losing money in the process or making less profit than you would if you made no updates at all.

There are little updates you can make that won’t set you back and might make your home sell faster, and there are big updates you can make that will set you back and help your home sell for more.

What it all comes down to is whether:

🔸You really need to distinguish your house from the competition or
🔸Your house is in such bad shape you’re having trouble getting it sold.

Before making any final decision, you should consult with your real estate agent. Your agent ( Me 👋) will have an insight knowledge of your local market, know what people are looking for, what’s turning the average buyer off, and what would add an extra 💵 to the value of your home.