Things You Should Not Do When Buying A Home

Real Estate
Things You Should Absolutely Not Do When Buying A House!!!

·         Don’t quit your job

·         Don’t change your job

·         Don’t get a promotion

·         Don’t buy any large ticket items (like five dollars or more!)

·         Don’t make David Copperfield deposits (All Funds Need to be Traceable)

·         Don’t talk to Sellers directly (loose lips sink ships)

·         Not getting a gift letter and proof (usually a bank statement) that they had the money to give

·         Not telling me if you are allergic to animals

·         Not being completely honest with the lender about child support, alimony, wage garnishments or any other payroll

·         Not being up front with your loan officer (hiding information)

·         Getting advice from a buying committee that has not purchased in the last year (the rules can change daily)

·         Waiting to see everything that is on the market

·         Don’t trash the property in front of owners

·         Calling the other agent on “For Sale” signs (They work for the sellers not for you)

·         Not telling me if you have a home to sell

·         Delaying paperwork because you are irritated by the frequency and number of requests from the Mortgage Company

·         Not realizing it IS possible to find what you are looking for the very first day you go out (this happens more than you think)

·         Going home to sleep on it (in a hot market, if you sleep on it, you might not get to sleep in it)

·         Waiting to find the absolute PERFECT house. You will always be limited by income, zoning, inventory at the time, and/
or legislation and or property taxes

·         Not following the 80/10/10 Rule (If you find a house that has 80% of what up you are looking for the other 10% of things
you can change, and 10% of things you can live with, It’s a Keeper)

·         Do not co-sign for even a candy bar

·         Don’t schedule a vacation before we close (especially a cruise)

·         Don’t order Direct TV, Cable, Telephone or any utility that will pull a credit report unless you want to write a letter of
explanation about the credit report to the mortgage company

·         Don’t change your name

·         Attending open houses or new construction sites without me

·         Not realizing the clock starts ticking from the time the loan officer gets the contract, not the date written on the contract

·         Have unreasonable expectations

·         Not getting a home warranty

·         Giving away your negotiation power by speaking in the house (always assume you are being recorded)

·         Posting on social media about a home you have interest in

·         Not getting a home inspection

·         Not being FULLY approved BEFORE you go looking (nothing hurts as much as finding the house you love and you
lose it when someone else beats you to it because you were not completely ready)

·         Believing what you see on HGTV and Reality Television (most of that stuff is scripted)

·         Not shopping the good faith estimate

·         Not telling me what is most important to you

·         Calling at the very last minute to cancel appointments

·         Finding a lender on the internet that offers a 00000.1 interest rate and is outside of the area

·         Using a 100% online lender

·         Not using an attorney that specializes in Real Estate

·         Not using the name on drivers licenses for mortgage docs (use Jr. and Sr. if required)

·         Not telling your lender if you lose your job before you close

·         Do not go window shopping and let people pull your credit report

·         If it can’t be written on the front page of the contract because its being done “under the table”, it is probably mortgage fraud

·         Do not look at a short sale if you need to move immediately

·         Do not consider a short-sale if you need to be in control of the process

·         Dying before the transaction closes (this really messes things up, BIG TIME! Please don’t die before closing…)