Do's & Don'ts When Buying a Home in Sacramento
Whether it’s your first time buying a home, or your tenth, there are a few common mistakes (almost) new homeowners make. To help your home buying process run smoothly, consider these do’s and don’ts when buying a home. Your Sacramento RE/MAX Real Estate Agent is happy to answer any questions or concerns you have.
Do’s When Buying a Home
The home buying process can be a little scary and confusing. In fact, most people don’t know much about buying a new home at first, which causes them to prolong the process. Luckily, your real estate agent Michael Larson can offer some professional insight.
Spend Your Money Wisely
It comes to no surprise that one of the first things you’ll need to do before buying a home is save, save, save! If you’re planning on buying a home, it’s important that you’re spending your money wisely.
Gather Your Documents
Throughout the process, your financials will be thoroughly examined. To help speed up the process, make sure you have all of the needed papers for your mortgage loan processor.
Pay Your Bills On Time!
During your home buying process, it’s important that you’re consistent with paying your bills on time and in full. The last thing you want is to ding your credit because you forgot to pay your credit card bill.
Unknown Deposits
At this time, be prepared to explain and account for all non-payroll deposits into your bank accounts.
Don’ts When Buying a Home
Mistakes happen, but they can be avoided. Below are the most common mistakes when buying a home.
Avoid New Credit Lines or Co-Signing
Please don’t finance a car, purchase a boat, or open any new line of credit. Doing so will limit how much you’re approved for on your home loan.
No Unusual Funds
Your down payment should be time-tested (sitting in your account for at least two months). Additionally, avoid accepting large amounts of money from family members. This can seem suspicious.
Limit Excessive Credit Card Use
One of the biggest mistakes people make during the home buying process is overusing their credit cards. During this time, you should be focused on saving for your downpayment, closing costs, and furniture. Avoid making any hasty financial decisions during this time. If you ever have questions, contact Michael Larson, Sacramento’s #1 Real Estate Agent.
Don’t Quit or Change Jobs
Don't quit or change jobs if it will harm your employment or income. You’ll need to provide proof that you’ve had consistent income from the same job or industry for two years. There are some logistical rules that you and your real estate will discuss during your pre-approval process.
Contact Your REMAX Real Estate Agent
As you can see, there are plenty of do’s and don’ts when buying a home. Luckily, with the right real estate agent, you can enjoy the home buying process. If you have any questions, don’t hesitate to contact Michael Larson. Be sure to follow Homes By Michael Larson Facebook page to stay up to date on all my latest real estate news. You can also check out what's currently on my properties list.