What NOT to do when you’re under contract to buy a home!

I’ve had some close calls with buyers almost losing out on buying a home. One time a buyer opened up three credit accounts, which knocked her credit score down and out of range for her loan. Fortunately, this only caused a delay and we were able to resume her home search and find the perfect home. 

Then I had a buyer under contract and the underwriter wouldn’t allow the cash money he used as a deposit because it wasn’t “sourced”. (Ask me and I’ll explain.) So my buyer actually ended up selling his car in order to have the cash he needed and could show where it came from!

There are so many things that can mess up a buyer’s financing. And when this happens – the buyer could lose their financing and the home they want to buy! Here are a five DONT’S to keep in mind when you’re getting ready to buy a home or are under contract.

  1. Don’t change jobs. Whatever you do, keep your job! Don’t change jobs, quit, or change to a self-employed position. 
  2. Don’t open or close accounts. Credit score is negatively affected when you open or close an account. So, sit tight and don’t make any changes until after you close on your new home.
  3. Don’t make any large purchases. This includes a new vehicle or new furniture. Buyers often get burned here thinking that “don’t pay for 12 months” won’t affect their loan.
  4. Don’t make any large deposits. This can cause the bank to be suspicious about your money source. Now, if you are moving money from one account to another for the home purchase, this can be documented.
  5. Don’t be late on bill payment. This negatively affects your credit score and can change your ability to qualify for your home loan.

These are a few of the things to NOT do! For more information and all you need to know about buying a home, request a free BUYER’S GUIDE. Contact me here!

Check out my home buying video.


7 Don’ts for Buying a New Construction Home

With limited inventory for pre-existing homes, some buyers are turning to new construction. A new home could be exactly what you’re looking for and has many benefits. What could be better than brand new! Here are some things you may not have thought of. Don’t be caught unaware when you are considering new construction.

7 Secrets to Sell Your Home Fast!

You want to sell your home fast… and for the most money! You may be upgrading to a bigger home, relocating to a new location, or even downsizing for retirement. Whatever the case, once you’ve made the decision to sell, you want the best outcome! Here are seven secrets to get your home sold fast and for the most money.

How Quickly Will My Home Sell?

If you’re thinking of putting your home on the market, you are probably wondering how quickly it will sell. This depends on several factors! First, we have to look at what’s happening in the local real estate market to determine if it’s a home buyer’s market or a home seller’s market. Then we consider the condition of your home, any upgrades you’ve done, and any repairs that need to be made. Then we look at your specific location, neighborhood, and yard/land. All of these factors influence how quickly your home will sell.

Why Curb Appeal Matters! From Sale to Sold

You want the best return on the sale of your home that you can get! The first step is creating great curb appeal so when buyer’s pull up they are excited to enter your home. Then you want to stage your home to create as much buyer appeal as possible. Check out these tips to make buyers fall in love with your property!

Thinking About Buying?

Thinking of buying a home? There are so many steps in the process that it can feel overwhelming! But don’t worry 😃 We got you covered from the very first step until you have the key to your new home in your hand! Check out this video to learn how.