Buying a Home For Sale in Lancaster PA? Don't quit your job!

By
Real Estate Agent with Keller Williams Elite RM423455

Are you buying a home for sale in Lancaster PA? It is an exciting time. Let’s assume you have an inspection report in your hand and have accepted it. You have made it through your inspection contingency and have now removed it from the contract. The home has appraised and you are simply waiting for the clear to close from the mortgage company.

Nothing can go wrong, right? If you assume that nothing can go wrong,

Buying a Home For Sale in Lancaster PA? Do not quit your job before settlement!you have assumed something which is inaccurate. You do not want to do anything which may negatively impact your credit, nor do you want to quit your job.

Recently, I am aware of a client who was a buyer of a home for sale in Lancaster, PA. This client decided to quit her job. This all transpired right before settlement. The mortgage company called the employer to confirm employment and the employer responded, “No!” Without this woman’s employment the couple could qualify for the mortgage. Fortunately, this woman convinced her employer to take her back and eventually this dilemma was positively resolved.

Even if the mortgage company had not received the information regarding this woman’s employment, there is a form at settlement which the buyer needs to sign. This form asks if there has been any change in employment. If the buyer lies, the buyer is most likely guilty of fraud. One word of advice, “Do not quit your job before settlement!

For more advice in buying homes for sale in Lancaster PA, give me a call!

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Living in Lancaster Group

 

An agent who places your interests as his first priority. 
Cal Yoder

Your Homes for Sale in Lancaster Agent

Keller Williams Realty Lancaster

1630 Manheim Pike

Lancaster, PA 17601

Office Phone: 717-735-1145

Cell Phone: 717-413-0744

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Rainmaker
5,682,950
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Very good advice for prospective mortgage borrowers.

Happy Friday the 13th.

Have a great day and a very special weekend.

Jul 12, 2012 08:03 PM #1
Rainmaker
507,232
Cal Yoder
Keller Williams Elite - Lititz, PA
Homes For Sale in Lancaster PA - 717.413.0744

Thanks for the well wishes Roy. It is gonna be a great Friday the 13th. I hope your day is great!

Cal

Jul 12, 2012 08:40 PM #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!

Don't quit your job, don't apply for credit, don't finance furniture...........and a whole bunch of other "don'ts" too.

Jul 12, 2012 09:13 PM #3
Rainmaker
4,798,182
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I just can't understand what these people are thinking about in these cases.  We sure do write often enough about this.

Jul 12, 2012 09:34 PM #4
Rainmaker
507,232
Cal Yoder
Keller Williams Elite - Lititz, PA
Homes For Sale in Lancaster PA - 717.413.0744

Somehow we know this, don't we. Never imagined I would need to tell someone, "Don't quit your job!" Experience teaches you more than you want to learn sometimes.

Cal

Jul 12, 2012 09:34 PM #5
Rainmaker
507,232
Cal Yoder
Keller Williams Elite - Lititz, PA
Homes For Sale in Lancaster PA - 717.413.0744

Gabe, you are preaching to the choir! Where does common sense go?

Cal

Jul 12, 2012 09:35 PM #6
Rainmaker
763,463
Steve and Jan Bachman
RE/MAX Gateway, Reston, Herndon, Ashburn, Sterling, Fairfax - Herndon, VA
Realtors - Northern Virginia
Wow! And don't buy a car or a heap of furniture either :-)
Jul 13, 2012 02:01 AM #7
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Rainmaker
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Cal Yoder

Homes For Sale in Lancaster PA - 717.413.0744
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