HOMEBUYER'S CHECKLIST

It's time.  The space you're calling home is growing smaller and smaller with each passing day.  You have made up your mind to start searching for a house that will meet your needs for several years to come. Before you jump the gun, pause and take a look at the Homebuyer's Check list.

Let's break this down into 3 key sections.  The first is Finance followed close behind by Documents and last, but not the least, your Real Estate team.

1. FINANCE - There are a few things that need to be done before you look at that first house and it begins with Creating a Monthly Budget.  This is crunch time. No pie in the sky dreaming about what you are going to earn.  Start where you are and see what you have in the way of monthly Income and Expenses.  

Now you can research mortgage options and begin saving for your down payment and closing cost.  It is important also to establish and maintain good credit so check your credit report and work to improve your credit score.  

Once you are certain your budget is functioning on all cylinders and your credit score is sufficient for a loan, it is time to interview potential lenders.  Your current bank is always a good place to begin, but don't be afraid to shop and compare.

2. DOCUMENTS - Below is a list of essential documents you will need to bring to your lender.

   * W-2s from past year
   * Pay stubs from the past 2 months
   * Proof of any supplemental income
   * Tax returns from the past 2 years
   * Bank statements from past 1-3 months

   Other documents that may be requested include:

   * Investment account statement
   * Copy of driver's license

3. REAL ESTATE TEAM - With a pre-approval letter in hand and a clear understanding as to the amount of your loan it is time to select a real estate agent/team to work with to assist you in your search for that dream home.  

During the course of your interviews with potential agents/teams take the time to ask questions and seek explanations should you have concerns.

Once you have selected an agent/team you will be one step closer to that new home.

Preparing to purchase a home can be challenging, but it can also be fun and rewarding.  With your checklist in hand, you will be able to move smoothly through the pre-home buying process.