10 Commandments for home buyers.

By
Real Estate Agent with Coldwell Banker Harris McHaney & Faucette 479-253-3796
https://activerain.com/droplet/x6Q

 

I like this list of TEN COMMANDMENTS for potential home buyers provided by Active Rain Friend Donna Schoby whom we know as a Home Stager. Donna is now a lender here in northwest Arkansas with Liberty Bank. If you need a good lender you may reach Donna at dschoby@mylibertybank.com

 

  Thou shalt not quit your job. 

  Thou shalt not change employers.

  Thou shalt not incur new debt such as purchasing a new     vehicle.

  Thou shalt not charge up your credit card balances. 

  Thou shalt not make a large deposit or withdrawal from your bank account.

  Thou shalt not change your mind after you lock a rate.

  Thou shalt not co-sign for someone else's loan.

  Thou shalt not spend your down payment money.  

  Thou shalt not schedule a vacation prior to closing.

  Thou shalt not file for a divorce prior to closing.

If you follow these simple rules, your loan process will be a smooth one!

 

 

 

Posted by

Proudly serving your real estate needs in Bentonville, Rogers and Bella Vista, AR 479-253-3796. I will provide a free market value analysis of your property. Just ask!

charles.edwards1@coldwellbanker.com 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Coach KC™ 03/13/2014 07:06 AM
Topic:
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Tags:
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Rainmaker
797,007
Liz Wallace
Century 21 Sherlock Homes - Rockville Centre, NY
Broker C21 Sherlock Homes, Rockville Centre, LI, N

You forgot #11  Thou shalt not be stupid.

Mar 12, 2012 02:01 AM #1
Rainmaker
706,515
Cara Marcelle Mancuso
Long Realty - Dove Mountain, Marana AZ - Tucson, AZ
Call a Marana neighbor, I'm THERE! LONG REALTY

Cute, and got a big chuckle out of #1 by Liz Wallace as well.  Thanks for the reblog!

Mar 12, 2012 02:10 AM #2
Rainmaker
2,346,102
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

Almost as good as the original 10 Commandments Charles.  When I was selling furniture I always told customers to wait until after closing to apply for credit for their furniture.  Good to see you sir!

Mar 12, 2012 02:21 AM #3
Rainmaker
320,050
Randi Brammer
Randi Brammer, Acctg. - Hinckley, MN
Accountant & Tax Preparer

Great list and I agree with Liz.  That last one is a big one!

Mar 12, 2012 02:54 AM #4
Rainer
288,149
John M. Scott
BRE # 01442690, Scott Keys Properties - San Francisco, CA
Broker / Owner San Francisco Bay Area

Charles, it's amazing how many people just don't understand the importance of these rules. Great list.

Mar 12, 2012 03:45 AM #5
Ambassador
780,607
Doug Rogers
Bayou Properties - Alexandria, LA
Your Alexandria Louisiana Agent

Charles,

 These rules take all the fun out of being a REALTOR. What's a transaction without a little spice?

Mar 12, 2012 05:08 AM #6
Rainmaker
554,158
Barb Szabo, CRS
RE/MAX Trinity Brecksville Ohio - Cleveland, OH
E-pro Realtor, Cleveland Ohio Homes

Love it!! I have preached these many times over. no pun intended LOL

Mar 12, 2012 09:02 AM #7
Ambassador
900,459
Mimi Foster
Falcon Property Solutions - Colorado Springs, CO
Voted Colorado Springs Best Realtor

Thanks so much for this fantastic list, Charles.  I see quite a few blog posts in that list of times that I wish my Buyers had followed these rules.

Mar 12, 2012 02:09 PM #8
Rainmaker
3,826,819
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Charles -- Oh my -- this list is great!   Just when you think you told your first time home buyers -- all of the no-to-do's--- they pull up in a new car on the way to the final walk-through.....

Mar 12, 2012 05:16 PM #9
Rainmaker
1,289,051
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Oh Amen, Charles!  And I'm hoping that these commandments are attached to a religion that spreads like wildfire.  Or is it the burning bush???

Gene

Mar 13, 2012 04:54 AM #10
Ambassador
2,091,013
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Pretty basic stuff but rules that MANY potential homeowners are NOT aware of! We all need to print this and pass it out!

Mar 25, 2012 03:29 AM #11
Ambassador
672,549
Rene Fabre
First American Title - Seattle, WA
Marketing in the Digital Age

Hi Charles: I missed this one! Funny list, yet not so funny. I can't believe how many purchasers do one or more of those items on your list then wonder, "what... what difference does that make?" 

Apr 30, 2012 02:45 AM #12
Ambassador
2,091,013
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Just wanted to let you know that you are missed here in ActiveRain....................

Nov 04, 2012 09:16 PM #13
Ambassador
2,091,013
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Wishing you and your entire family an absolutely wonderful Christmas Holiday! Blessings to you and yours!

Dec 24, 2012 05:06 AM #14
Ambassador
672,549
Rene Fabre
First American Title - Seattle, WA
Marketing in the Digital Age

Commandment #1 Don't quit your job!

Thought I'd share that Friday, February 22, 2013... We had a buyer that was locating to Washington. He didn't want the lender to know 4 days before closing that he quit his job! He's supposed to start a new one "he kept secret" here in Washington in a couple of weeks after closing. Thanks goodness the loan is only for @ $700k ;O) I wonder what he was thinking? Nobody would know?

Feb 23, 2013 09:21 AM #15
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Charles Edwards Bentonville

AR REALTOR, Bentonville Real Estate Agent and Broker
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