Local Buying Tips

Here are a few things to keep in mind if you plan to purchase a home in the near future:

-       Do not change jobs or become self-employed

-       Don’t make any major purchases, such as a vehicle or appliances

-       Don’t use your credit cards or apply for new credit

-       Pay down your credit balances, don’t make any late payments

-       Start interviewing lenders, compare the products and services each one offers

-       Be patient, even the quickest deals require patience

-       Figure out what your priorities are – Schools? Neighborhood? Price? Pool?

-       Make sure the funds you use for your down payment are “seasoned” – meaning that funds have been in your bank account for at least 60 days.  Proof of funds will be required when you make an offer to purchase a home.

-       If you decide to purchase a Short Sale, don’t be in a hurry.  These can take 60 to 180 days.

-       Your typical costs can include – Credit Score Check, Appraisal and Inspections, etc

-       Call me with all of your questions – (209) 331-4189