• DON’T make ANY major credit purchases—

   -Credit payments can cost you thousands in home loan eligibility.

• DO get PRE-APPROVED—

   -It makes you appear more trustworthy and credible to a seller.

-Being PRE-APPROVED means that you know exactly what the maximum loan amount

    will be.

   -PRE-APPROVAL is not the same thing as PRE-QUALIFIED (pre-qualification financial

       information is not verified; thus, it can change creating risky situations between you

       and potential sellers.)

• DON’T negotiate a real estate transaction WITHOUT a Buyer’s Agent at YOUR side—

-Some sellers procrastinate in getting inspections completed putting your closing in

    jeopardy.

-Some sellers have liens on their properties that they are unable to clear up without

    assistance.

-Some sellers will attempt to move out at an inconvenient time for the buyers.

• DO get a trustworthy and dependable lender—

-Some lenders misplace client files or .

-Some lenders are not knowledgeable about interest rates or costs

-Some are very unorganized resulting in delayed closings or money/profit loss.

• DON’T buy on a whim

-Think the process through before making any decisions

• DO develop an action plan

-EllisTeam develops an extensive ACTION PLAN for buyers committed to working with

   them

**EllisTeam is happy to assist their clients in the pre-approval process or to refer buyers to dependable lenders.