How Much House Can You Afford? | Ukiah Real Estate

When interested in buying a house setting a budget is one of the first things I suggest my clients do. So if you want to know how much you can afford when buying a house, this is the perfect video for you so stay tuned because we're gonna get started right now! Hello, my name is Kasie Gray, I'm your homegirl, broker associate here in Ukiah California, and not a mortgage expert because I'm not a mortgage lender. So I'm just going to give you a quick overview of how you can find out how much you can afford in my handy dandy buyer's guide. You can fill out my guide to saving up for a home, it is in the link down below. You just sign up and you'll get sent the buyer's guide for free and you can fill out that information on your own time. Something many houses suggest is figuring out what your budget is. A lot of people, a lot of Americans, I don't know about other people, don't know how much they spend on a monthly, weekly, daily, basis. So it's good to take a look at you know your last six months of expenses. How much are you spending on your car payment, car insurance, your credit card payment, your student loans, your groceries, your entertainment, your food, your internet, tv, life insurance, pet supplies, drugs, and alcohol that's important?  I mean with our culture, gym, daycare, gas, and barber subscriptions, you know, like that pup box and clothing and shoes. Very important category in my book. So you must know how much you're spending on a day-to-day basis and figure out if you know that's manageable. If you're going to get a mortgage because I never want to be the reason why someone can't go get their hair cut once a week like that I don't want someone to be like I'd love to get a haircut but I can't because I got to pay my mortgage and stupid Kasie made me buy this house. Which is not the case. But I don't want you to ever kind of think that. That's how I think clearly. So that'd be an issue. I always suggest doing that if you don't have that information in order you can use an app there are tons out there you know clarity there's a ton that just goes through your bank statements and processes what categories are what and how much you're spending. So a very important first step and then, of course, we can talk to a lender and they will take your income your debt your credit score throw it in a plot mix it up, and give you a pre-approval number. That is technically how much you can afford but oftentimes lenders will pre-approve you for a lot more than you can financially pay for without stretching yourself too. Then, you must be spending a proper amount on your mortgage compared to your income. The rule of thumb is that you can spend two and a half times the amount of your annual income on a house. So if your annual income is fifty thousand dollars then you can spend a hundred and twenty-five thousand but say you have a partner who makes money too or you make or she makes money too or whoever. If the dog makes money whoever and then you can add that in but I think that's a great rule of thumb you don't want to overspend what you're spending what you're making. It's very important to make sure that you're not stretching yourself too thin. I always suggest talking to a mortgage lender there will be a link down below to my vendors' page and on that vendor's page, there is a section for mortgage lenders. All the ones that I suggest. Just let them know that you found them for me and they will get you pre-approved. They will help you get started with the process and then when you're ready and pre-approved then you can come to talk to me or you can talk to me first but once you're pre-approved then we can go start to look for houses and figure out what you're interested in what your needs are and buy you a house!

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Renting a House in Ukiah, CA | How to Get a Property Management Company | Ukiah Real Estate |

When it comes to renting a house there are a ton of pros and cons, so I'm going to go over a few of them, and give you all of my recommendations to help you find a rental in Ukiah California! Hi, my name is Kasie Gray, I'm a realtor, and a mom, and I love helping families find their dream homes, and sell their first homes. But today, I'm going to be talking to you a bit about finding a rental especially if you have dogs or kids it's pretty challenging to find something that is in a good enough area in a good enough condition and at a decent price range. Because in the past few days, I've been getting Zillow notifications for rentals available and wow these prices are something to keep in mind you typically will have to pay to know a deposit and first month's rent or last month's rent up ahead. So it's important to know how much it costs going into a new rental and be able to find some places to even rent in the first place. So I do believe that renting is definitely a good scenario for many people. It is expensive being a homeowner you have a lot of things that you have to cover yourself that but you know some landlord doesn't get to come in and repair for you. If you're planning to move within the next year renting is a great option if you're new to an area and not sure that you'll want to live here for five years or not too familiar with the different areas renting can be a great option. As well rentals do go pretty quickly in our area so it's one thing to keep in mind if you find something at an affordable price in good condition. It's a lot of people tend to stay there for a while because of how rare different rentals are because of how rare it is to find different rentals there are a few property management companies one-on-one Property Management, Realty Property Management, Viejo Property Management, Montana's property management, and a few others. Everyone's going to have a not-so-great experience with one rental company or another because when it comes to renting a house or even owning a house there are things that go wrong. So being able to go through a property management company can be a ton of help for owners it can sometimes make it more difficult for tenants or easier for tenants typically with property management companies. They want to see three times your monthly rent for your income when it comes to property management companies. I recommend filling out an application with them so that they have it on file if a new property becomes available. Then you can be the first to apply. There are a lot of people on the search for rentals so some of the places are. I also suggest looking for is Facebook Marketplace, Craigslist, Zillow, apartments.com, and then there are several different Housing Development communities/companies in town that rent out. It just depends on the apartment complex itself you know there's a senior housing and there are different housing communities for Farm Workers or different mental health scenarios. I'll have all those linked down below and then if you would like to get connected to a mortgage lender as I said, there are a lot of fees that come with renting a house. You're still looking at your first and month last month's rent or your deposit and possibly a pet deposit. If you have one of those and so you know there might be scenarios where we can get you into a home for less, get credit for your closing costs, getting a zero down payment loan. There have been plenty of people getting into a house for little to no money down. I'm happy to explore that option with you. If you have any questions about the home buying process, feel free to sign up and we can schedule a little consult!

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Buying a House when Self-Employed | Ukiah Real Estate

If you're self-employed and not quite sure how or what you need to do to get pre-approved to buy a house, this is the perfect video for you. So stay tuned! My name is Kasie Gray, your homegirl, broker associate here in Ukiah, and of course a self-employed person. So who better than me to tell you what you as another self-employed person need to do to get a mortgage before I get started talking some more about the details, the juicy deeds, make sure to subscribe and follow me on Instagram, and all that good stuff! So you can see when I post new content and you can be my friend because I love new friends! So thank you very much for watching and I'm gonna talk. So when getting a loan for self-employed people, it's a bit more challenging than a normal w-2 person just because there are different forms and documents that we need to provide that normal civilian just doesn't need to have because they just don't have it they just get their paychecks. They just that's it they file for their taxes very easily as a 1099 person and there are some more things that come into play to approve your income. You need a couple of things in the last two years of your tax returns for both you and your business. If you file separately year-to-date profit and loss statements, a current balance sheet a letter from your accountant that is stating that you're still in business that might not be applicable just depends on what the lender requires and your bank statements. So when talking to a lender, it's good to have all those things ready to go and they'll also need to see a proof of id, a proof of address, your w2s if you have any, and your 1099s. Then like I said, your bank statements if you are interested in getting them pre-approved with a mortgage lender. It's very important to start a little earlier than I would suggest for most people when you're self-employed you're able to deduct a lot of things from your business but that also comes out of your net income. I always suggest, you know, obviously talk to your tax person, talk to a lender, see what your net income needs to be at to make sure you're able to get pre-approved for the loan amount that you desire. That's just one of the things that we have to struggle with and we you know ultimately get the choice on what we deduct and don't deduct but it's just important to make sure that you're prepared for what might come. Because I know a lot of people make a ton of deductions and then they're left with a small net income which does not help in getting a mortgage. So obviously, talk to your tax person, or your mortgage person, if you need help connecting with a mortgage person, feel free to reach out to me and I'd be happy to connect you with some really great lenders that work with self-employed people. As always, I'll have a link down below to my vendor's page on my website where I have a bunch of preferred lenders linked. so if you have any questions at all about being self-employed and getting a mortgage please reach out to me I'd be happy to answer any questions that you might have! 

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