Put your financial house in order

By
Real Estate Agent
Recently I have had several instances of people trying to buy homes after short selling a home in the not too distant past.

They had gone out with another agent; found a house they wanted; got to a loan officer; and found out that they would not buying a home for at least two years following the short sale.

Before going home shopping you need to get a pre-approval for a loan.

Hopping in a car with an agent and hoping you can get a loan when you find the house of your dreams is not a plan. It is wishful thinking.

Getting your pre-approval letter in hand after your credit has been checked and you have all your paperwork in order with the loan officer is a plan.

All the best
Greg Owens P.A.
Realtor
Keller Williams On the Water
greg@teamworksfla.com
www.teamworksfla.com

Comments (4)

Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

The very best advice in the world!

Jun 10, 2011 05:37 AM
Brandon M. Rearick
Caliber Home Loans, INC. NMLS 15622 Regulated by the Department of Real Estate 970-691-0122 - Longmont, CO
(LMB100015628 & NMSLR 279447) FHA, VA, USDA & Conv

Greg,

This is so important right now.  Being a lender, it is amazing that people would gets their hopes up knowing what they had been through.  I have talked to people that are creating a mind set on how "Mortgage Lending" used to be 5-10 years ago.  The game has certainly changed.  To be pre-approved (and better yet, fully approved) before the go look at houses is a "MUST".  It is now a "have to" before you let buyers in your car.

Jun 10, 2011 05:39 AM
Deborah Byron Leffler BzyBee Real Estate Lady!
Keller Williams Realty Boise - Nampa, ID

So simple yet so many don't follow the advice!!!  

Jun 10, 2011 05:41 AM
Olympus Executive Realty Inc.
Olympus Executive Realty INC. - Orlando, FL
Home Of The Top Producers

Welcome! Welcome!! Welcome!!! To ActiveRain! Lots of opportunity here to generate and grow your business, have a good look around and jump in!  You can really get your name out in to the world more efficiently then any other way on the internet with ActiveRain!

ACTIVERAIN Quick facts!

  • 225 points for each blog 10 a week
  • "Do a piece on several of your local subdivisions"

  • 25 points for each comment 10 per day
  • Comments get you noticed by other Rainmakers and they comment back on your blogs

Need help drop me an e-mail, I would be more then happy to assist you.

Jun 21, 2011 02:33 PM