A few weeks ago I shared my "#1 Secret Selling Tip" so I thought I'd follow up with something on the flip side of things - buying! Yes, there are even "secrets" when purchasing a home. Here it is:
PRE-APPROVAL!
So, what is it?
It's basically a quick snapshot of your overall finances - what you make, what you owe, and your credit score. All the nitty-gritty details will be ironed out over the course of the transaction but a lender will usually ask for:
In my day-to-day activities I sometimes forget that not everyone understands what all is involved in selling a home. Stupid, right? My "schedule" (if you can call it that) has me working 50-70 hours a week and new rules, regulations, and laws pop up all the time so I shouldn't expect my clients to know all the details.
The normal process in selling a home usually takes a couple of appointments and some time for discussion. For example:
1) I first like to meet in the home to take notes on the physical attributes (number of bedrooms, bathrooms, condition) and maybe offer some suggestions on de-cluttering, staging, or repairs.
2) I then take that information back with me to research the local market and how similar homes compare in order to fin...