TIPS FOR HOME BUYERS

Here are some of the things that all buyers should & shouldn't do when looking to purchase a home. If you are allergic to animals let your Realtor know so that they don't take you to a home that has any animals that may cause you to have a allergic reaction. When looking at home never make remarks about the home in front of the home owner, you never know what may offend them. If you decide to make an offer on the home & you have said something, it may effect how they respond to your offer. If you are working with an agent & they have been doing a good job for you, never call the agent on a sign that is in front of a home that you have drven by. Or the agent on the online ad that you have seen on the internet. Get as much information as you can from the ad or the address of the place you saw the sign. Then call your agent so that he can make arrangments to see the home. If you would like to go see new built homes or go to some open houses contact your agent & ask if they could go with you to look, any good agent will gladly setup time for you to do this. Remember it is possible to find your new home on the first day of looking,it happens more times than you think. You should also remember that the chances are that you will never find the perfect home unless you are having it custom built. It's best to use the 80/10/10 rule. If you find a home that has 80 percent of what your looking for, 10 percent of the things you can change & 10 percent of the things you can live with, it's a keeper & it's time to make a offer. You should never take advise from any one that hasn't purchased a house in the last 3-6 month as the market change quite often. Don't quit or change your job after you have gotten your loan pre-approved as this could delay your closing or even worst you could lose your financing. Another common mistake people make after getting a offer accepted is thinking it sure would be nice to have our new appliance or furniture when we close & get the keys. This is not a good ideal because you shouldn't make any large ticket item purchases, chances are that you will have to explain where the money you had in your account went & that money may have been the money your lender needed you to have as reserves in order to get your loan approved. If you think that getting it but financing it through the many free interest for a certain time period, remember that the lenders usually re-pull your credit 1 or 2 days before your closing & it will show up causing a delay or possible loss of your approval for your loan. Never making deposits into your accounts that are David Copperfield deposit as I call them, be sure that all the funds can be traced. If you are getting a gift from a person to help you make your home purchase be sure to tell them you will need a gift letter & proof of where the money came from for your lender. You should never keep any financial commitment such as child support, alimony, wage garnishments or any other payroll deductions you have a secret from your lender, they will find out about this information. Never delay any paperwork that the lender asks you for, no matter how many different times they have asked you for it throughout the proccess, underwriters of the loan want all of your information to be as up to date as possible.