How Much Is Your Home Worth?

Tips on Buying a House

Deciding to Buy

Preparing to Buy

Choose a Real Estate Agent

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Time to go Shopping

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Escrow Inspections and Appraisals

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Moving In

Step 2

Preparing to Buy

Before you start shopping for your property, it is a good idea to make some preparations.

Build Your Green File

A green file contains all your important financial documents. You will need it to secure financing for your property. The typical green file should contain:

  • Financial statements

  • Bank accounts

  • Investments

  • Credit cards

  • Auto loans

  • Recent pay stubs

  • Tax returns for two years

  • Copies of leases for investment properties

  • 401K statements, life insurance, stocks, bonds, and mutual account information.

Check Your Credit Rating.

Your credit score will have a huge impact on what type of property you can buy, and at what price. It is first recommended to check your credit rating with an experienced lending institution (talk to a lender first!) so that I can determine what you can afford. The lender will research your credit ratings from the three credit reporting agencies Equifax, Experian, and Trans Union. I will be happy to recommend experienced, knowledgeable lenders in the residential, construction, and commercial, and investment real estate fields.

Be Careful With Your Finances.

While you’re looking to buy a home is not a good time to make sudden career changes or large purchases. You want to approach your property purchase from a position of financial stability.

Ready to Buy? Let’s Calculate Your Mortgage!