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- How to Prepare Financially for Buying a Home in the Next 12 Months & Simone - Wednesday - 7th Aug
How to Prepare Financially for Buying a Home in the Next 12 Months & Simone - Wednesday - 7th Aug
How to Prepare Financially for Buying a Home in the Next 12 Months
Your Weekly Sacramento Newsletter
From The Best Sac Home Group
Today’s Trivia Question❓
What is the original name of the stadium that was renamed the Power Balance Pavilion and the Sleep Train Arena, which was home court for the Sacramento Kings?
Answer at the bottom of the newsletter
How to Prepare Financially for Buying a Home in the Next 12 Months
Feeling inspired by the GOAT Simone Biles with the Olympics in full swing?
Let's talk about her and her incredible journey in gymnastics.
How does her dedication motivate the next generation of gymnasts?
We’ll also share some info on enrolling your child in gymnastics.
Wondering how to prepare financially for buying a home in the next 12 months?
We provide essential advices and strategies to help you get ready for this significant investment.
If you are looking for expert advice on selling YOUR home be sure to book your seat for our homeowner’s workshop here.
If you have any questions about buying a home or thinking of selling your house, I am always happy to have a chat!
Talk Soon,
Suneet AgarwalCEO of the Best Sac Homes Group and Big Block Realty North
Featured Listing
Custom Home With Lake Views!
10 Powers Drive El Dorado Hills, CA 95762
Dreaming of owning a luxury custom home with lake and city views? Here is your opportunity! Welcome to the prestige community of Kalithea at the Promontory! Custom home designed by The Hills Group.
One of a kind lot with views of Folsom lake as well as the city! Top performing schools for your children to attend, friendly community, Kalithea park, and more!
Construction began and estimated build completion September/October 2024. Come and pick your desired finished and make it your custom personal dream home!
Nominate a Teacher - Back to School Supply Contest
Don’t forget to nominate your most deserving teacher!
We're picking five lucky teachers to win $100 each for classroom supplies.
Whether you’re a teacher or know someone who deserves this, nominate yourself or them by filling out this form here.
We’ll be announcing the winners on the 3rd Sept 2024.
So, let’s give those amazing educators the recognition they deserve.
Good luck, and thank you for everything you do!
Simone Biles: The GOAT and Her Legacy of Inspiration
Simone Biles once again proved why she is the greatest of all time (GOAT) with her stunning performance at the 2024 Olympics.
Her unparalleled skill, strength, and determination not only secured her a place in history but also continue to inspire young gymnasts around the world.
Simone’s journey from a young forster kid with a dream to the most decorated gymnast in history serves as a beacon of possibility for aspiring athletes.
Inspiration for Young Gymnasts
Simone's story is a testament to what hard work, resilience, and passion can achieve.
Her ability to overcome obstacles and continually push the boundaries of what is possible in gymnastics demonstrates to young athletes that no dream is too big.
Simone’s dedication to her craft and her unwavering confidence encourage young gymnasts to pursue their goals with the same tenacity.
If you have kids who take inspiration from Simone and want a shot at following in her footsteps, enrolling in a reputable gymnastics program is a great start. Here are a couple of gyms in Sacramento where young gymnasts can begin their journey:
Locations: Roseville, Citrus Heights and Rocklin
Byers Gymnastics Center offers programs for all ages and skill levels, from beginner to competitive gymnastics. Their experienced coaches provide a supportive environment that fosters growth, discipline, and a love for the sport.
Location: 1260 Triangle Court, West Sacramento, CA 95605
International Gymnastics Centre provides top-notch training for young gymnasts, focusing on skill development, confidence building, and athletic excellence. Their programs are designed to help each child reach their full potential.
Simone's legacy is not just in her medals but in the inspiration she provides to the next generation of gymnasts.
So, let's get those kidos into their leotards and start cartwheeling! Cos no dream is too big!
How to Prepare Financially for Buying a Home in the Next 12 Months
Buying a home is a significant milestone that requires careful financial preparation, especially if you're aiming to make the purchase within the next 12 months.
By taking the right steps now, you can ensure that you're financially ready to make a sound investment.
Assess Your Current Financial Situation
Before you start the home-buying process, it's essential to have a clear understanding of your current financial situation.
Review Your Credit Report and Score
Your credit score is a crucial factor in securing a mortgage with favorable terms. Pay off outstanding debts and make sure to address any negative marks that could lower your score.
Evaluate Your Savings
Determine how much you have saved and how much more you need. Your savings will be used for the down payment, closing costs, and other expenses. Typically, a down payment ranges from 3% to 20% of the home’s purchase price, depending on the loan type.
Analyze Your Debt-to-Income Ratio (DTI)
Lenders look at your DTI ratio to assess your ability to manage monthly payments. Calculate your DTI by dividing your monthly debt payments by your gross monthly income. Aim for a DTI ratio of 36% or lower to improve your chances of mortgage approval.
Create a Detailed Budget
A well-planned budget is essential for managing your finances effectively and saving for your home purchase.
Track Your Income and Expenses
Start by tracking all your income sources and monthly expenses. This will help you identify areas where you can cut back and save more money.
Set Savings Goals
Set realistic savings goals for your down payment, closing costs, and an emergency fund. Automate your savings by setting up a direct deposit into a dedicated savings account.
Reduce Unnecessary Expenses
Identify discretionary expenses that you can reduce or eliminate, such as dining out, subscription services, and luxury purchases. Redirect these funds towards your home savings goal.
Preparing financially for buying a home in the next 12 months requires careful planning, disciplined saving, and strategic financial management.
Read ALL the details in our latest blog!
Are You Thinking Of Selling YOUR Home But In Need of Some Expert Advice?
Our CEO, Suneet Agarwal Offers His Expert Advice About:
Determining if it's the right time to sell
Increasing your home’s value before listing
Pricing your home competitively to attract maximum interest
Understanding the home selling process
Addressing YOUR specific concerns and scenarios
Register For Our Exclusive Workshop Below
Secure your spot today and get the help you need to make an informed decision!
Client Testimonials
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Real estate offers a dynamic career path with unlimited potential.
Whether you excel at communication, thrive on finding solutions, or love building relationships, this field lets you shine.
Want learn more? Reach Out!
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Success Hub
Whether it is saving for your first home, paying off your mortgage faster or simply managing to cope with the cost of living without having to stress out.
We will be working really hard to deliver quality information around financial wellness, entrepreneurship, leadership, building a side hustle and multiple streams of income, having the right mindset and so much more. If you would like to receive this weekly newsletter subscribe today!
In And Around Sacramento
This Weekend!
The Sacramento History Museum at the Old Sacramento Waterfront is proud to present “America’s Monsters, Superheroes and Villains: Our Culture at Play,” an engaging exhibition of vintage toys and more from SuperMonster City!
Where:
101 I St
Sacramento, CA
When:
Friday, August 09, 2024, 10:00am-5:00pm
Saturday, August 10, 2024, 10:00am-5:00pm
Sunday, August 11, 2024, 10:00am-5:00pm
More Dates Available!
H@ck the Park Fest transforms Maple Park into a tech wonderland for all ages! Featuring: Interactive experiments, food trucks, art, +more!
Where:
Esther's Park
3408 3rd Avenue Sacramento, CA 95817 United States
When:
Saturday, August 10 · 11am - 2pm PDT
💡 Answer to Trivia Question:
ARCO Arena
There you have it, From enrolling your kids into gymnastics to saving for your home within 12 months! Enjoy the summer vibes. Keep Positive. Keep it Sactown Strong until next time!
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