Put your financial house in order

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.
Keller Williams On the Water

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


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
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Jun 21, 2011 02:33 PM