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Don’t Do These Things Before Buying a Home

Don’t Do These Things Before Buying a Home

See what not to do before buying a home. You’ll find a review of 14 financial mistakes that should be avoided at all costs when buying a house!
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Many first-time home buyers are surprised to discover just how many ways you can mess up a home purchase. You may have got your pre-approval, found a home you loved and made an offer. But if you want to avoid messing up the transaction, you will need to be extremely careful until the sale has closed.
Keep reading as I tackle what not to do before buying a house. Many of these items are mortgage mistakes that can be easily avoided. If you have an exceptional mortgage broker or real estate agent, more than likely a few of these points have already been mentioned.
Use the following tips to protect yourself and your home purchase. In fact, be sure to check out what you should do before buying a home. These twenty tips will help you make the best buying decision possible.
Making mistakes is easy when you have never bought a home before. Avoid these home buying mistakes to keep the stress out of your life!1. Don’t miss loan payments.You must keep your payments current on all your loan accounts, including credit cards and car loans. The lender will look at your credit again before finalizing your mortgage, and if you have missed any payments, it may lead to you losing the loan.
Many buyers mistakenly believe that once the lender issues their loan commitment, they are golden. This is NOT the case!
Lenders have the power to revoke a mortgage commitment and will do so if they see fit. Not too long ago a buyer was purchasing a home I listed in Millbury Mass. The buyer had been selling and buying a house simultaneously. They closed on their existing home but didn’t make their last mortgage payment.
Unfortunately, this was flagged on their credit report and prevented the buyer from getting the loan for their new purchase.
They had to apply at a new bank under a different program (FHA instead of conventional). Needless to say, this caused their purchase to be delayed, and in the process, they lost thousands of dollars.2. Be careful before you consolidate your debt.Debt consolidation can be tempting when you finally start looking at buying a home. Most consolidation offers make it possible for you to bring all your debt under one umbrella payment, which makes sense for some people.
But there are also often hidden fees and interest rates that can increase dramatically without warning. Consolidation may not improve your credit in the way you expect, so be sure to read all the fine print.3. Avoid changing jobs.It goes without saying that changing jobs is not something you should do in the middle of purchasing a home! One of the things lenders look closely at is your employment history. They want to be sure that you are financially stable and capable of making your loan payments.
By changing a job before you get your loan, you make yourself less appealing to the lender. Changing situations may cause the lender think you are unstable, or that you won’t have a steady income to keep up with the mortgage. The word stability is something lenders love.
Keep your move under wraps until after the closing takes place.Save4. Don’t shift your finances around before getting the loan.When a lender pre-approves you, the approval is based on the current state of your finances. You want to maintain that state – the one that got you the pre-approval – at all costs. Sometimes buyers make the mistake of shifting their money around to better position themselves, but this is a mistake.
Wait to make any financial changes until after you have gotten your mortgage. If a lender sees you moving money around various accounts, they will ask for an explanation.
You will need to give them a detailed accounting of why you moved your money around. Avoid making this mistake and keep your money in one place before closing.5. Don’t start banking at a new institution.Your bank may have made you angry or upset. Or maybe you saw a great offer from a competing bank that you just can’t pass up. Well, you do need to pass it up, because changing banks before getting your loan can disrupt everything.
Just like the job and the finances, your banking history and status is part of the equation that leads to you getting pre-approved. Change your bank, and you may not get final approval.6. Avoid buying a car.Without a doubt buying a car while also purchasing a home is a common mistake. Doing so is also at the top of the list of what you shouldn’t do before buying a home. Sometimes the feeling of knowing you are finally going to get a home of your own can be so exciting that you start looking at other ways to improve your life – like buying a car.
Unfortunately, purchasing a…

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Downsides of Selling A Property By Owner

Downsides of Selling A Property By Owner

Do you know the drawbacks of for sale by owner in the summer? Selling as a FSBO are never easy but in the summer months it can be even more of a challenge! Downsides of Selling By Owner in The Summer From www.maxrealestateexposure.com – July 10, 2017 10:19 PMDo you know the drawbacks of for sale by owner in the summer? Selling as a FSBO are never easy but in the summer months it can be even more of a challenge!Bill Gassett’s insight:Selling a home without the services of a real estate agent is never easy. Trying to do it on your own in the summertime can be even worse. What many homeowners don’t realize is the time and effort that goes into selling a home.

So many people think that putting a for sale sign in the lawn will attract the buyer. In fact it will be easy peazy as the first couple buyers in the door will more than likely submit offers.

If selling as a for sale by owner in the summer was this easy lots more people would be jumping on the bandwagon. Selling as a FSBO unfortunately is far more difficult!

There is a reason why real estate agents get paid so handsomely. It is also the why Realtors have not gone the way of travel agents.

Until you actually try to sell your home as a for sale by owner, you will never truly appreciate how difficult it really is.

One of the most common things people don’t realize is the time suck involved. With a FSBO you need to be available at all hours for the buyers schedule, NOT yours. You need to plan on being around at times that can be most inconvenient. If you have little kids you’ll quickly understand exactly what I am talking about.

Planning a vacation this summer? Forget about it unless you can stand the thought of putting your home sale on hold as well!

In the article at Maximum Real Estate Exposure you will see all of the drawbacks of selling on your own laid out in detail.

You can then decide if selling as a for sale by owner is really worth it to you. Be sure to check out all of the home selling tips for the summer if this is the route you decide to take.Visit www.toletdigital.com and list your property both for rent and for sale.

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TIPS ON BUYING A HOME BEFORE GETTING MARRIED

TIPS ON BUYING A HOME BEFORE GETTING MARRIED

See what you need to know about buying a house before marriage. Helpful information on finances, joint bank accounts, expenses, taking title and more. Bill Gassett’s insight:Buying a home can be a very exciting time in ones life. The American dream of home ownership remains alive and well for many couples.

Purchasing a home, however can go from an emotional high to a big mistake very quickly. One of the circumstances where this could be the case if you are not careful is buying a home before your are married. Without question there is a lot to consider when buying a home before you tie the knot.

Some people in fact find out the hard way. Couples have a lot to discuss before they rush to purchase a home together. Those that don’t often find themselves in a place they don’t desire.

It is critical that both parties are on the same page when buying a home together. Finances should be discussed and agreed upon in advance.

In the latest article at maximum Real Estate Exposure, you”ll find a comprehensive discussion on everything you need to know about buying a home with your significant other before marriage.

The article offers tips and guidance on important topics such as taking title to a property and distributions of finances.

Did you know there are multiple ways to take title to a property? Do you know what it the best method for your current situation?

How about finances? Is the mortgage going to be paid equally or will there be some kind of equitable split? Will each party put the same amount down towards the mortgage?

These are the kinds of questions you should discuss with your significant other.

Take a look at the article to get pointers on everything you should be considering. If you enjoy the article, give it a Scoop or share socially visit our web page as the first step is gathering information from a property listing and managing company than offers you a world index to the international market.we at tolet digital we have you covered a reason why we are sharing with you this great blog.

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Real Estate Auctions: What You Need to Know

Real Estate Auctions: What You Need to Know

See what you need to know when buying a home at a real estate auction. Learn the difference between a live auction and an online auction. See all of the pitfalls you could run into purchasing a home at an auction. Bill Gassett’s insight:Buying a home at a real estate auction can be an exciting proposition if you play your cards right. While most people think that every home sold at an auction is a “steal” that is definitely not the case.

In fact, you can get burned real badly by purchasing a home at auction if you don’t know what you are doing!

In the latest article at Maximum Real Estate Exposure, you’ll learn some of the major pitfalls of buying at auction including purchasing a property that not only has structural defects but scars on the title as well.

Of course these are the kinds of problems you want to avoid. In the article on buying a home at auction you will see exactly what you need to research.

Having a real estate attorney in your corner is always a good idea when purchasing a home at auction.

By following some simple guidelines you could end up with a property that turns into a real money maker. Just as easily you could find yourself stuck with a lemon.

Take a look and see all the pros and cons of buying real estate at auction. If you enjoy the article, give it a scoop or share it socially.

tag.lessons learned.
as a property listing and managing company offering an international market index for property owners and buyers we will sure give it read at tolet digital agency. visit our web page for your property listing and managing services.www.tolet digital.com

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