PREPARATION FOR A MORTGAGE APPLICATION Your "Green File" Documents you may need to provide the lender Employment Names and addresses of Employer(s) for two full years or more Gross monthly income W-2s for two years, or tax returns Year to date pay stub Proof of income from rentals, investm
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02/23/2011
FINDING THE RIGHT HOME FOR YOU Your first step toward buying your new home will be to analyze your needs. As your real estate agent, I can assist in analyzing your needs so that you will be able to get a clear picture of exactly what you want your new home to look like and how it should functio
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02/23/2011
THE TEN COMMANDMENTS WHEN APPLYING FOR A REAL ESTATE LOAN •1. Thou shalt not change jobs, become self-employed or quit your job. •2. Thou shalt not buy a car, truck or van (or you may be living in it)! •3. Thou shalt not use charge cards excessivel
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02/23/2011
NEIGHBORHOOD INFORMATION Now that you have your list of needs and wants and you know how much you can afford to spend, it's time to look at some homes! But wait - not just yet. Step back for a moment and consider the larger picture. People don't just buy a house; they buy the neighborhood the h
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02/23/2011
GREAT RESOURCES TO HELP YOUR RESEARCH Some of the best web research tools to help you find the right neighborhood for you. GENERAL NEIGHBORHOOD INFORMATION Mass transit: Metro subways/buses, commute times using mass transit www.wmata.com City profiles, demographics, income, education level, e
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02/23/2011
RESEACH AND PROPERTY VISITS Research into different home styles, which you will be able to see from photos and virtual tours on the internet listings I will send you, can first be done from the comfort of your home computer. We will review listings together and you will pick out your favorites.
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02/23/2011
MAKING THE OFFER AND WHAT COMES NEXT Whether it takes 5 home visits or 50, together we will find the home that is right for you. Then, it will be time to make an offer. Taking into account the recent sales of homes in that neighborhood which are similar in size, quality, conveniences, and ameni
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02/23/2011
HOME INSPECTION If you are purchasing a resale property, we highly recommend that you have a professional home inspector conduct a thorough inspection. The inspection of a single family home will include the following (condo inspection will deal with the unit itself not the building): •§
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02/23/2011
AFTER CONTRACT RATIFICATION Now that you have decided to buy your home, what happens between now and the time you legally own the home? A Title Company may handle the following items. NOTE: In different parts of the country, attorneys, lenders, escrow companies and other persons who are indep
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02/23/2011
WHAT IS A REAL ESTATE CLOSING OR SETTLEMENT? A "closing" is where you and I meet with some or all of the following individuals: the Seller, the Seller's agent, a representative from the lending institution and a representative from the title company, in order to transfer the property title to y
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02/23/2011
