Preparing to Purchase &
Looking for Property
Preparing to Purchase
Before embarking on your property search, it's wise to make a
few preparations.
Build Your Green File
Before you can secure financing for your property, it's important to have a green file ready. This file should contain all your essential financial documents, including:
Financial statements
Bank accounts
Investments
Credit cards
Auto loans
Recent pay stubs
Tax returns for two years
Copies of leases for investment properties
401K statements, life insurance, stocks, bonds, and mutual account information.
Looking for Property
With those preparations complete, it's time to start searching for the perfect property for you.
Take a Drive
Explore the neighborhoods, complexes, or subdivisions that interest you. Take some time to drive around and imagine what it would be like to own a property there. Start getting a feel for the available properties in those areas.
Narrow Your Search
Identify a few properties that pique your interest and have your real estate agent schedule visits. Discuss with your agent the potential long-term resale value of these properties.
Time to Buy
When you've chosen the property you want to purchase, your real estate agent can assist you in making an offer that the seller will accept. We will explore the potential costs and expenses associated with the new property and can also help you draft your offer in a way that gives you an advantage over other offers.
