The Top Five Things You Need to Know if You Are Buying or
Selling a Home
(Due to space limitations, this is an exert from the article The
Top Five Things You Need to Know if You Are Buying or Selling a
Home. If you would like, we will immediately email you a free
copy of the entire article by going to
http://www.iwantafreecreditreport.com. Sorry for any inconvience
this might have caused.)
This article is designed to address what I consider the really
"big ticket" items that simply cannot be ignored. These are
things that, in my opinion, simply must be done to start the
process of putting a house on the market to sell or to initiate
the purchase of a home. It is not intended to provide a
comprehensive list of every aspect of the process for buyers and
sellers of real estate. Books have been written that don't cover
it all, much less an article.
For most of us our homes are the biggest asset we will ever
have. Increasingly, it is the one asset by which we have
accumulated equity or "wealth" of any significance and by which
we can borrow against to restructure debt, use as collateral for
lines of credit and even draw on for a retirement fund.
Consequently, when we purchase or sell our home it is often much
more than just providing for, or changing the roof over our
heads.
Throw into the mix the emotional component of the "home is where
the heart is" and you have an extremely complex and layered
investment. It is rare the individual that sees the rooms of a
house only as a structure rather than the nursery they will
bring home their first born, the first place they can call their
own where they will entertain friends and family, the "nest"
where they will begin a marriage, the room where grandmother
will have her own space and be close by to care for, the place
where a son or daughter will remember a childhood and maybe even
a place to celebrate a wedding.
When faced with the sometimes daunting, sometimes exhilarating,
sometimes scary, sometimes frustrating task of a home purchase
or sale it is often helpful to have a plan of action; a set of
goals; a blue print (no pun intended) as it were for navigating
the process of purchasing or selling a home. To that end, the
following attempts to provide knowledge, advice and guidance
gathered and compiled from many professionals, with years of
experience.
So, let us begin. Some of it may be repetitious to you as you
may already be aware of, or have the knowledge of, the
information provided. But, taken as a whole, the intent is to
provide a complete picture for a fairly wide spectrum of
individual experiences that addresses, at some point, an issue
or point of view not only relevant to the reader, but valuable
to them as well. It is quite possible, actually probable, that
just one point, of and by itself from the list provided here
will save you thousands of dollars and/or monumental heartache.
Number 4 - Arrange Your Personal Financial Information in
Advance Raise your hand if you have had to qualify for a home
loan before. For those who have their hands raised, you already
know the drill and how impersonal, probing and detailed it can
become. You have found your dream home, you envision holidays,
birthdays, weddings, hopes, dreams, family, friends, love and
happiness. Then the screech and collision of qualifying for a
home loan meets the dream. A little advance preparation will do
wonders for getting one ready for the reality of what to face as
well as smooth the process for all parties concerned.
The list provided below is what I recommend first time or
anytime buyers to prepare in advance of looking for a home and
certainly in advance of talking to a mortgage broker. This
information combined with your credit scores and reports, puts
you in a distinct advantage when discussing loan packages
available, requirements necessary to complete a loan package and
time savings if critical to the completion of the purchase. In
addition, and maybe even most importantly, having prepared all
of this in advance creates the accurate perception by your team
of professionals representing you, that you are serious about
purchasing a home. I will assure you, commissioned professionals
get real serious with people that make their jobs easier and
don't waste their time.