Earlier this month, I read an article in THE REAL ESTATE PROFESSIONAL written by Julie Garton-Good, in which she suggests that there are 7 Deadly Sins facing buyers which can stifle or derail the home buying experience...
I think there to be 4 which I think are most important...
1...Failing to check your credit in advance of house hunting...
I really think that knowing how strong your scores are will help keep your feet on the ground...anything less than a 700+ score can either cost you money or kill your chances to get good financing rates.
2...Not working with a buyer's agent...
I believe that trying to navigate a buy without YOUR OWN agent is a precursor to trouble. I urge all buyer's to stay away from dual agency. Simply stated...dual agency removes and prohibits advocacy for either party to a transaction.
3...Failure to get pre-approved as early in the search as possible.
I preach learning how much you can be approved for...and discussing how much of a buy fits you....be pragmatic. Don't get in over your head!
4...check out your lender...really check them out.
Select a lender who is not only here today, but will be here tomorrow. The mortgage meltdown has caused casualties among mortgagors. Learning that you can't get your loan funded late in the process is a stress builder and potentially can throw a time for excitement into chaos.
These are the sins which both Julie and I would like to have YOU avoid...call me and I can help you navigate a joyful time...312.882.4561
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