7 Things most likely to happen when buying a home!

By
Real Estate Agent with Realty ONE Group Advocates 484-237-2055 PA License - AB067198

Here are 7 things most likely to happen when buying a home and what not to do!

As much as you want to let all your friends and family know about the purchase of your new home on Facebook and every other social media site - Do not post anything before settlement.

The property might not appraise at what you are purchasing it for. With rapidly rising prices due to very low inventory appraisers who only look backwards in time for their supporting comparable values might not keep up with the market. So be prepared.

You will become irritated by all the demands for paperwork, documents that the mortgage company swears blind you have not already sent over when you know you have several times.

You will need to provide evidence of where any money in your accounts has come from and show a trail for any transfers. This includes gift money, and warn anyone gifting you money they too will need to show evidence of where those funds have come from with a trail as well.

You most likely during the transaction process will become frustrated, angry and nervous often all at the same time. Take deep breaths and make sure to do something to release the stress and tension that does not include going shopping.

You will be tempted to spend money on new furniture, or others big ticket items for your new home. Do not pay for anything with new credit, however good the rates might be. Wait till after closing as you may find you now do not qualify for your loan for one of many reasons.

Whilst dates and time are of the essence in Pennsylvania dates sometimes need to be changed, be prepared and do not go missing when your agent needs to contact you for something urgent.

When buying or selling contact Nick Vandekar, Selling the Main Line and Chester County, with Long & Foster Real Estate Inc., office phone  610-225-7400, cell or text 610-203-4543, or email Nick@VandekarTeam.com.

You can follow me on Facebook, LinkedIn and YouTube and don't forget to subscribe to my blog.

Posted by

 

Nick Vandekar
Nick is a Tredyffrin Easttown Residential and Commercial REALTOR selling The Main Line, Chester, Delaware and Montgomery Counties.

Giving you the confidence to make
the right decisions.

225 W Uwchlan Ave
Downingtown , PA 19335
Office 484-237-2055
SellingTheMainLine.com
Mobile: (610) 203-4543 [call or text me]
Email Me

 

My Blog

   

If you are buying or selling on or around
Tredyffrin Easttown or along the Main Line, 
I can help you, contact me.

Comments (11)

Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nick, I have a list of 10 items in the buyer guide that I give to lenders.  I need to blog them sometime.

 

Feb 01, 2023 09:06 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Nick,

Excellent list of 7 things to be careful of doing as a buyer just because you have a home under contract! Many just don't know which is why its always good to work with a professional agent to guide you through the process!

Feb 01, 2023 09:18 AM
Joe Jackson
Keller Williams Capital Partners Realty - Columbus, OH
Clintonville and Central Ohio Real Estate Expert

This is an excellent post with great information. Thanks for sharing it.

Have a super fantastic week!
Joe Jackson, Realtor-KWCP

Feb 01, 2023 09:58 AM
Roy Kelley
Retired - Gaithersburg, MD

This is great information to share with home buyers. The process can definitely be stressful.

Feb 01, 2023 10:15 AM
Nick Vandekar, 610-203-4543
Realty ONE Group Advocates 484-237-2055 - Downingtown, PA
Selling the Main Line & Chester County

Will Hamm that is a good thing to include in a buyer package.

Dorie Dillard Austin TX there are plenty more, which is why you need to work with an experienced agent.

Joe Jackson thank you, you too,

Roy Kelley very true, I know from personal experience.

Feb 01, 2023 11:05 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Good message Nick. Many people in the different generation category's seem to post too much information on FB!

Feb 01, 2023 11:24 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nick, such a great post to buyers DYING to tell the world, but in reality, not all of them close.

Feb 01, 2023 01:36 PM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Nick Vandekar, 610-203-4543  You forgot - everyone becomes an expert and gives you advise 

Feb 01, 2023 03:12 PM
Nick Vandekar, 610-203-4543
Realty ONE Group Advocates 484-237-2055 - Downingtown, PA
Selling the Main Line & Chester County

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 thanks, sometimes there is way too much information out there.

Joan Cox if they message too soon they undermine any negotiation position they might have. everyone is searching the internet for their buyers and sellers.

Hannah Williams this was not a comprehensive list, just 7, there are plenty more.

 

Feb 02, 2023 07:38 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

key words - release stress and tension with things that DO NOT include going shopping! lol . I always tell buyers this is not the time to buy a new car or change jobs 

Feb 02, 2023 08:05 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Nick- it's nice to spell this out for buyers...even those who may not have purchased a home in many years!!!

Feb 02, 2023 02:16 PM