Purchase

Things to Remember
Things to Remember 1024 536 nathanburch

 

The are many factors that can change your ability to qualify for a mortgage. It’s important to follow these guidelines until your loan is closed.

Do

  • Pay all your monthly bills on time
  • Keep track of all your bank deposits and statements
  • Find and organize documents such as W-2s, tax returns and other statements related to investments and/or other finances
  • Get pre-approved before you start looking for your new home
  • Leverage our easy to Mortgage Application platform, Elevate to make the entire process easy and contact us with any and all questions

Don’t

  • Apply for new credit cards, loans or purchase offers
  • Deposit or withdraw large amounts of cash without speaking to your Loan Officer
  • Change jobs, your pay structure or employment status
  • Charge current credit accounts/cards to the maximum
  • Make large purchases such as cars, appliances or furniture
  • Take debt consolidation action or pay off collections or charge-offs

Any changes to your current financials could affect your current financial picture. We are always here to provide guidance and advice as you begin your home buying journey.

Verified by Vellum, Your Client’s First Step
Verified by Vellum, Your Client’s First Step 1024 536 nathanburch

A fully underwritten Verified Pre-Approval by Vellum streamlines the homebuying process and allows your clients to shop with confidence. We are excited to share in the homebuying experience.

  • Gain Confidence & Feel Secure

    Be able to submit an offer with confidence knowing it provides proof of the ability to obtain financing.

  • Enjoy a Faster Closing Period

    Close in as few as 8 days. A quick closing can sometimes be the difference in your clients offer being selected.

  • Save Your Clients Money

    Strengthen the buyers ability to negotiate. With no concerns about a clients ability to purchase the home, your clients offer will stand out amongst the others.

  • Experience Matters

    With a deep understanding of local real estate and mortgage options we provide the best custom solutions for your clients specific financial story.

Get Your Clients Started Out on the Right Foot with a Verified Pre-Approval

5 Reasons to Buy a Home This Fall
5 Reasons to Buy a Home This Fall 1024 683 jaycurley

Reasons to Buy a Home This Fall

Real estate markets ebb and flow just like the seasons. The spring market starts hopping when the sun comes out, flowers bloom and winter is over. Conversely, fall signals the beginning of a slower market, which could be good for buyers.

If you’re in the market for a home, here are some reasons why fall can be a great time to buy.

Leftover spring inventory may result in deals

Home sellers tend to go on the market for the first time in the spring. They often list their homes too high out of the gate, which could mean that a series of price reductions follow during the spring and the summer months.

These sellers have fewer chances to capture buyers after Labor Day. By October, buyers are likely to find desperate sellers and prices that may, in fact, be below a home’s true market value.

Fewer buyers are competing

Families who want to be in a new home by the beginning of the school season are no longer shopping at this point. These families have exited the market, which means less competition. That translates into more opportunities for buyers.

Taking out an entire segment of the housing market provides millennial, single, and baby boomer buyers some breathing room. You’ll likely notice fewer buyers at open houses, which could signal a great opportunity to make an offer.

Motivated sellers want to close by the end of the year

While a home is where an owner lives and makes memories, it is also an investment — and one with tax consequences. A home seller may want to take advantage of a gain or loss during this tax year.

Buyers might find homeowners looking to make deals so they can close before December 31st and get that tax benefit. Ask why the seller is selling, and look for listings that offer incentives to close before the end of the year.

Homes for sale near the holidays signal a motivated seller

As the holidays approach, the last thing a homeowner wants is for their sale to be dragging on and interrupting their parties and events.

If a home has not sold by November, and it’s still sitting on the market, that homeowner is likely motivated to be done with the disruptions caused by their home being listed for sale.

Many homes don’t show as well once the landscaping fades

The best time to do a property inspection is in the rain and snow, because the home will be truly exposed for buyers. The same holds true for fall, when flowers die, trees start to shed their leaves, and beautiful landscapes are no longer so lovely.

Scratching the surface of the pretty spring home season and fall reveals home flaws, making it a great time to see each home’s true colors. It’s better to see the home’s flaws before making the offer, instead of being surprised months after you close.

Source: Zillow

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