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Home Buyer preparation prior to purchase is key in today's financing environment.  Planning ahead prevents the disapontment of not being able to achieve the dream of homeownership. 
  • June 10 2011 - Camp Pendleton South
  • 0Yes

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Answers (2)

Yes! So many of the buyers these days collect cash in their dressers and then wonder why that questioned by the lender.
Every agent should educate their client about the process and addressing any forseen conflicts as soon as possible.
Some buyer's just dont understand the concept of
a. Seasoned funds
b. Lenders averaging income for self-employed and for overtime for employed
c. and just stop transfering funds back and forth.

What issues have you ran into?

  • June 10 2011
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Profile picture for Tony Cannon

It seems the internet has made information readily available regarding financing and the home buying experience. But having that information and knowing how to apply it can be two different things.

Buyers may want to keep these things in mind not just for buying a home:
-save more
-know what's on your credit report and how to improve your FICO score
-don't buy more than you can afford
-be patient
-compare lenders and real estate agents, but know the right questions to ask when comparing
-there is no perfect house
-don't expect to buy something waaay below market value(I consider 10% to be a good deal)

  • June 11 2011
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