"Will it matter if my husband changes his job?" asked my new buyer...

By
Real Estate Agent with Keller Williams Realty Coeur d'Alene AB37665

YES! 

Coeur d'Alene Idaho homes for saleMy new first time home buyers are as giddy as little kids on Christmas morning about having been pre-approved for their first home.  We have scheduled showings at their favorite prospective homes. 

The message came in today that her husband has an opportunity to leave the job he's at for a better job, but he can postpone changing jobs if it will make a difference.

I am SO PROUD and happy that my buyers recognized this as a potential land mine to their home purchase.  Because even if the new job is a BETTER job, a lender will require him to be seasoned at a new job for a certain period of time.  So although the job change wouldn't derail their home purchase entirely, it would certainly cause a delay for several months, or longer, depending upon the type of loan.

Buyers, be sure to discuss with your agent and lender all the financial precautions you should take while going through the purchasing process.  You might be surprised at the seemingly insignificant and routine activities you engage in that could potentially torpedo your deal.

Posted by

Janna Rankin Scharf provides a superior level of real estate service to home buyers and sellers in Coeur d'Alene and Kootenai County, Idaho. Visit www.JannaScharf.com for area information and to search for all homes in the Coeur d'Alene Multiple Listing Service. 

No matter how grand or modest your real estate dreams may be, you can turn to me in confidence.  Give me a call today so I can  be of service to you!

Janna Rankin Scharf AB, GRI, CLHMS, PMN, SFR  208.651.9700

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Comments (6)

Melissa Zavala
Broadpoint Properties - Escondido, CA
Broker, Escondido Real Estate, San Diego County

Great advice. Imagine if they had forgotten to let you know.... Best wishes for a smooth transaction.

Aug 29, 2012 10:50 AM
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Changes during the qualifing for a home loan is absolutely stunning.

Aug 29, 2012 10:56 AM
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
New Hampshire Home Stager

Very smart buyers to think to ask you first if it would matter....very smart!

Aug 29, 2012 11:38 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Janna, glad this was not a landmine that exploded and you found out after the fact!

Aug 29, 2012 11:51 AM
Sussie Sutton
David Tracy Real Estate - Houston, TX
David Tracy Real Estate for Buyers & Sellers

I agree with Sharon it was very smart of them to call you and ask instead going out and changing jobs. 

Aug 29, 2012 11:52 AM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Ask first...change later....not many first timers would think this would be a problem...following the more money...the better line of thinking.

Aug 31, 2012 06:32 PM