FREE Home Buyers Report

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  1. Determine how much house you can afford.  Home buyers should work with  a reputable mortgage lender to help create a realistic budget.  Taking time to talk with a lender and determining your total budget and what your monthly payment will be can eliminate a lot of frustration throughout the process.
     
  2. Get Pre-Approved before seriously looking at homes.  Most sellers will not even let potential buyers walk through their home without being pre-approved.  Once you get pre-approved it strengthens your position when making an offer.
     
  3. Whenever possible work with a lender that your realtor recommends and is comfortable with.  This is not a requirement but working with someone your realtor has a strong relationship with reduces uncertainty and increase your chances of a successful transaction.
     
  4. Buying from a builder?  Take your realtor with you!  Most residential real estate transactions are executed using state approved contracts.  These forms are developed to protect consumers.  Builders usually write their own contracts and often do not have the same consumer protections as state approved forms.  They are often written to the advantage of the builder, so its wise to have an advocate in your corner when working with builders.  Be sure to take your Realtor with you the first time you visit a builder.
     
  5. Determine your needs, wants, and priorities.  Brainstorm the criteria of your next home and group them into 2 categories:  Needs and wants.
     
  6. Choose one Realtor to work with that is excellent & you trust.   Working with more than one realtor is inefficient...it waste their time and yours.
     
  7. Work Smart and conserve your energy.  6-8 houses is about the maximum number of homes most people can see in a day before they become overwhelmed.  Work with you realtor to review the list of homes that meet your criteria.  Make use of online searches.  Drive around to get a feel for areas you might like.  Then use showings with your Realtor to thoroughly evaluate your list of homes.
     
  8. Avoid major financial changes from loan application through closing.  Major financial changes can put your loan and home purchase in jeopardy.  Avoid making major purchases for cars, furniture or anything else that requires a credit check.  Stay away from excessive credit card charges, changing bank accounts, changes in job status or large deposits without checking with your loan officer first.