Are you ready to purchase a house on Long Island's North Shore?Long Island Real Estate
 
Before you sign on the dotted line, here are some mistakes to avoid during the home buying process.
 
Mistake #1. Don't Make Purchases For Big Ticket Items ~ It will increase your debt-to-income ratio and typically the more debt you have the less you will qualify for on a mortgage.
 
Mistake #2.  Don't Forget To Check Your Credit Report ~ You should check your credit  report as the cleaner it is, the faster you will be approved for a loan so do check it out before starting your search.
 
Mistake #3.  Don't Lie On Loan Application Forms ~ It's fraud and won't help your chances of obtaining a loan.
  
Mistake #4.  Don’t Change Banks During The Process ~ Lenders will probably review your bank account history and moving your funds may cause issues as you want your banking history to show stability.
 
Mistake #5.  Don't Co-sign A Loan For Anyone Now ~ It's not your payments, but the credit companies will take this into account and what if the owner defaults and you are responsible for these funds.
 
Mistake #6.  Don't Change Jobs At This Time ~  A solid employment history is very important as lenders look at your previous and current earnings to analyze your ability to make the payments.
 
Mistake #7.  Don't Think You Have To Find The Perfect House ~ Unfortunately you may not find your dream house with everything you may want so be a little flexible with your criteria.
 
Mistake #8. Don't Spend All Your Funds On The House ~ Spending all your money on the house is not a wise decision as you may need funds for emergencies and the unexpected. 
 
Mistake #9.  Don't Forget About Closing Costs ~ You have to remember that there will be closing costs involved in the purchase so have these amounts in mind when making a purchase.
 
Mistake #10. Don't Look For A House First And Then Figure The Financing Costs Later ~ Make sure you speak with your bank or mortgage specialist before you start looking at properties.
 
Mistake #11. Don't Dismiss A House Because You Think There Is Something Else Out There That's Better ~ Yes there are many houses on the market, but that is going to change and we are seeing lower inventories. That house that you may think will be better, may never appear.
 
Mistake #12. Don't Forget To Work With A Realtor ~ Seeking guidance from a Realtor who is experienced throughout the process can only benefit to you and will make the transaction go much smoother!
 
By knowing these Top Mistakes To Avoid When Buying Your North Shore Of Long Island House, you'll be able to effectively address today's real estate market and the purchase of your house!
 
And if you are looking to buy a home on The North Shore Of Long Island, don't forget to call Larry & Sheila, Realtors at 631-805-4400!
 
 
If your home is listed with another broker, this is not a solicitation of the property.
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Call Larry And Sheila For More Comprehensive Reporting At 631-805-4400.  
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If you or anyone you know is considering to sell their existing home on The North Shore Of Long Island, or is purchasing their first home, dream home, step-up home, or retirement residence, we would appreciate the opportunity to serve them. We can also recommend a relocation professional in the destination of choice outside our Long Island area!

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22 Comments on Top Mistakes To Avoid Before Buying A House On The North Shore Of Long Island

20 Most Recent Comments Displayed Show All

AUG
03
1,067,814 Points 69 Featured Posts Outside Blog Called Shot Master

Don't buy the oversize furniture....baby grand....etc. and expect to find a house to fit them...congrats on the feature !
4:47am • #3
936,930 Points 74 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

All good advice Larry/Sheila...the easiest way to lose a home is to not follow these simple steps.
4:54am • #4
705,119 Points 56 Featured Posts Outside Blog Called Shot Master

Larry and Sheila those are some great tips that can end one's dream of home buying if not followed.
5:19am • #5
730,389 Points 15 Featured Posts Outside Blog Called Shot Master

Larry & Sheila, twelve excellent point every home buyer should be aware of when purchasing a home. Very good!
5:30am • #6
652,304 Points 70 Featured Posts Outside Blog Called Shot Master

Very good post Larry and Sheila.  I had a buyer get pre-approved, find the right home, and then right before we wrote the offer she went out and financed a car.  It messed up her debt to income ratio and she was no longer eligible to buy a home.  Some folks just don't know this stuff.  Thanks for sharing.  
5:42am • #7
839,193 Points 69 Featured Posts Outside Blog Called Shot Master

YES to this post...for those that lie, under the SANTA CLAUS guidelines of being naughty or nice and a list of same...watch it
7:00am • #8
586,213 Points 46 Featured Posts Outside Blog Called Shot Master

EXCELLENT!  You really nailed it with this one Larry!  Can't say great job enough!  Well deserved Feature on this one my friend. 
7:08am • #9
897,950 Points 35 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Larry and Sheila - this is a great post and you've already been featured! Congratulations. Happy Friday.
9:07am • #10
610,272 Points Outside Blog

These are great tips.  Item number one is such an important one. Buyers don't seem to think about purchasing cars or boats before closing on the home. This is one that we have had trouble with on several occassions.

Betty
9:43am • #11
354,520 Points 30 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Larry & Sheila,

Congratulations on a well deserved feature post! This one is a keeper and well deserved!

You put together a very meaningful list that will lead to success. You are always very knowledgeable and helpful. Buyers are always in good hands with you!
10:00am • #12
480,984 Points 4 Featured Posts Outside Blog Called Shot Master

Hi Larry & Sheila, excellent advice for real estate buyers who need mortgage loans for their purchases.
11:04am • #13
878,959 Points 75 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

No doubt this is good advice for anyone buying on Long Island or anywhere for that matter!
11:06am • #14
314,924 Points 20 Featured Posts Outside Blog Called Shot Master

Wow, don't don't don't don't.  However, you are absolutely right.  Hit it square where it (they) need to be hit.
11:10am • #15
478,321 Points 15 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Larry & Sheila -- Great list for buyers to follow.  Doing so will get them into their property with no surprises and likely stress-free.
11:11am • #16
981,695 Points 114 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

And please do a lot of these steps prior to the actual house-hunt.  It would be a shame to look at a home, fall in love, and then realize #3, #9, etc. weren't done. 
12:52pm • #17
1,099,350 Points 25 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Hi Larry & Sheila, excellent information...I am bookmarking to keep this list handy for family/friends/buyers
2:13pm • #18
620,525 Points 8 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

LOVE THIS LIST. Yes, yes, and yes Sheila and Larry. "don't think there is something better out there" sometimes is a tough mistake for buyers to learn!
2:59pm • #19
548,316 Points 9 Featured Posts Outside Blog Called Shot Master

Larry and Sheila:

All good items on your list, but you forgot to mentioned that buyers looking for homes in the North shore of  Long Island need to call Larry and Sheila.
9:34pm • #20
AUG
04
433,024 Points 10 Featured Posts Outside Blog

Larry and Sheila: Anyone looking for a home in your area, specifically Long Island should really give you a call. You are right on with all of your items today. Thanks for a great post.
4:04am • #21
AUG
05
842,602 Points 85 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Great post....too bad that I couldn't see this til now because I'd suggest this.  Don't buy big ticket items....mortal sin #101!!!
6:01pm • #22

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Larry(Lawrence)& Sheila Agranoff,Realtor Long Island Homes & Condos~631-805-4400

Long Island Condo & Home Sales

Dix Hills, NY

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Charles Rutenberg Realty 255 Executive Dr,Plainview NY 11803

Address: Smithtown,St James,Dix Hills,Melville,North Hills,Manhasset,Ridge,Northport,Commack , Huntington,Bay Shore,Stony Brook,Jericho,Port Jeff,Syosset,Muttontown,Setauket, Plainview, NY, 11803

Cell Phone: (631) 805-4400

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Welcome to our world of Real Estate! We are Long Island's Premiere Realtor's representing all of Long Island New York, including Residential Homes, 55 and Over Communities, Condo/Townhouse, Luxury Long Island Properties and Corporate Relocation Specialists! Interested in selling your Long Island Home or Condo? Contact Larry and Sheila to get a professional estimate at 631-805-4400.


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