What Can I Expect to Spend on a Green Bay House

Are you just starting to search for a home in Green Bay WI? Along with the first time home buyer process comes a lot of questions...
- how much money do I need?
- What is the best area to live?
- Do I want a fixer-upper?
- How much do I need as a down payment?

And the list can keep going. But in this article I am going to talk about the average cost of a Green Bay house & how much it'll cost you per month.

As I am writing this article we are part way through 2020 & the average home price in the city of Green Bay is around 157,000. Of course there are houses cheaper & more expensive but that is the median.

So for a $157,000 what will be your monthly cost:
5% Down Payment: $7850
Principal & Interest: $734
Taxes: $225
Insurance: $62
Mortgage Ins: $85
Utilities: $120

Total Cost: $1229

So if it would make sense for you to be able to afford $1230 per month then buying a house might be the right option. However, if you only make $2,000 a month then a mortgage lender would not even pre-qualify you for that amount. For more information or help please reach out to us today!

Landlording During COVID-19

Landlords and tenants across the nation are facing disruption when it comes to their income properties. They don't know what to do & everything currently going on in the economy is new to everyone. How will this affect the housing market? How will landlords continue to pay their mortgages? All things that we need to wait & see...

Rent Deferrals and Rent Payment Options During COVID-19

If a tenant is unable to pay rent in the current economy most landlords are willing to work with them. It either can be broken up into smaller amounts & the unpaid balance will be tacked onto the other monthly rents. Or, the tenant can forgo paying rent & then make it up in the up & coming months. If we are lucky this pandemic won't last for 2-3 more months & everyone can get back on their feet. 

Use the Security Deposit or Last Month’s Rent

Most tenants pay a security deposit when they sign their lease & now that can be used as payment if the landlord needs. Of course this needs to be agreed to with the tenant & should be in WRITING. Always protect yourself & speak with an attorney for more legal guidance.