Special offer

Save Your Self Some Frustration

Real Estate Agent with West + Main

If you are a home buyer getting ready to jump into home ownership and plan to obtain a loan there are a few things you can do to save yourself a ton of frustration.

  • Make sure your ID is valid and shows your current residence as your address
  • Make sure you have bank accounts / utility bills and so on with the correct address
  • When you sign your offer, make sure you date each place a date is asked for
  • Create a file for all your paystubs and bank statements to go into so they can be easily obtained
  • Document where your earnest money, appraisal fees or other fees come from

These seem to be easy items - but when your loan hits final underwititng it is amazing the silly things that can cause a hiccup - cross your t's and dot your i's and closing will be much smoother.

Barb Fischer
Big Block Realty - La Mesa, CA
San Diego and La Mesa Real Estate

... and don't go shopping! It's amazing how many folks succumb to a great furniture deal (or a new car) during escrow.

Feb 17, 2010 03:29 PM
Connie Johns
Tailored Real Estate Services - Toledo, OH
Toledo, Ohio Area Real Estate

Good advice, such seemingly small things, that get overlooked and can cause delays. 

Feb 17, 2010 03:30 PM
Wayne and Lynda Gomillion
Real Living Hagan Realtors | Pinehurst ~ Southern Pines, NC - Pinehurst, NC

Too bad common sense is not common practice.

Feb 17, 2010 03:38 PM
Janna Scharf
Keller Williams Realty Coeur d'Alene - Coeur d'Alene, ID
Coeur d'Alene Idaho Real Estate Expert

It sounds like this is coming from the voice of experience.  It's amazing the little details like this that can derail a process.  Thanks for stopping by my blog tonight.

Feb 17, 2010 04:47 PM
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Teresa being organized can really cut down on the frustration level.  t is so much nicer to have all the required document at your fingertip.

Feb 17, 2010 05:42 PM
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

Banks always seem to ask for one more thing just when you think you've done it all.  Good advice.

Feb 17, 2010 07:06 PM
Andrew Mooers | 207.532.6573
Northern Maine Real Estate-Aroostook County Broker

If you saw a bomb ticking with the 30 to 45 day contract expiration ticking by, or the Wicked Witch's turned over hours glass sands shifting quickly from top to bottom, the sense of urgency to get this puppy closed would become more real. Life and death like. It is that important to the buyer and seller as this sale puts a major kink in their life if it does not happen on time, or at all. Guiding a sale from listing to closing...requires a doctors/nurses round the clock watching the monitors to keep the property sale alive.

Feb 18, 2010 01:07 AM
Dawn A Fabiszak
Private Label Realty ( Denver metro area, Colorado - Aurora, CO
The Dawn of a New Real Estate Experience!

Thesa ~ Common sense well stated!  And don't forget....DON"T buy a new car until AFTER the closing!

Feb 18, 2010 01:29 AM
Ray Saenz
Exit Realty Laredo - Laredo, TX
Homes for Sale in Laredo, TX - Texas, Realtor

Nice to see you around ! those are great tips to share with buyers and of course common sense as Dawn wrote :) keep the good work !

Feb 18, 2010 03:08 PM