Buying a home? Here’s your to-do list | Advice for Consumers | Texas Association of REALTORSBuying a home? Here’s your to-do list | Advice for Consumers | Texas Association of REALTORS
Buying a home? Here’s your to-do list
You’ll have a team of real estate professionals working with you during the home buying process—like lenders, inspectors, and appraisers, to name a few—but there are still some tasks that are all yours. Start by hiring a Texas REALTOR®, who will guide you through every step of the way, and taking care of a few to-dos that are all up to you.
Take care of your credit report. You should request copies of your credit report annually—especially before applying for a mortgage. Look for any issues or instances of identity theft. These won’t necessarily keep you from getting a mortgage, but you’ll have to take action to clear them up.
Set your realistic budget. If you need financing, your mortgage broker or banker will help you determine how much you can afford based on your income, debts, and credit history. He or she will then calculate what you’re eligible to borrow. Your job is to be ready to supply this information and set a price range that your Texas REALTOR® can use to find potential properties within your budget.
Get pre-approved. Your mortgage broker or banker can also help you get a pre-approval letter that states how much a lender is willing to let you borrow. When you’re ready to put an offer on a property, this letter will tell the seller you’re serious and you’ve already taken the first steps toward seeking funding.
Respond to requests quickly. You may be asked for copies of your financial statements, your tax records, or for your signature on forms. Your role is to provide this information in a timely manner so the requester can move forward.
Communicate with your Texas REALTOR®. If you’re feeling uncertain about part of the process, or you just have a nagging question, talk to your Texas REALTOR®. He or she will have the knowledge and experience to answer your questions.
Author:Karla Terrell Phone: 214-551-4450 Dated: April 10th 2015 Views: 2,581 About Karla: I was born and raised in Dallas, TX and have lived in the Frisco area for the past 10 years. I am ma...
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JP and Associates REALTORS is a real estate company with a solid structure and foundation built around service and productivity. We believe in providing a fun and rewarding environment for all our REALTORS® and therefore always ready to support our REALTORs® Associates in any market and in any condition. All our REALTORs® will always strive to close more transactions in a given year than the average REALTOR®. Our goal is to recruit and retain the most professional, better trained REALTORs Associates in the local market.
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"As a State Certified Appraiser, and the owner of a North Texas Hard Money Lending Company, I have been fortunate to have had a long standing working relationship with Beca Osburn for many years, covering dozens of transactions. I have interacted with her both as in a client-lender roll, as well as having loaned on projects in which she has represented the buyer as an agent, and at times, my borrowers as their selling agent. In all instances, she has behaved in a highly ethical and fair handed fashion, always delivering on the project, whatever roll she has taken. I have been in the unique position to also have heard from her clients, as they became mine, and have heard extremely positive remarks concerning her professionalism and honesty as an agent. With more than 25 years in the DFW real estate community, I have met agents of all stripes throughout the market, and feel that Ms Osburn is in the top tier of her profession.
Frank Friesenhahn - President, DFW Investor Lending, LLC