BUYERS ROADMAP

  • Decide to Buy
  • Preparation
  • Choosing a Real Estate Agent
  • Go Shopping
  • Escrow, Inspections, & Appraisal
  • Moving In
 

Preparation

Build your 'Green File'. A green file contains all your important financial documents. You'll need it to secure financing for your home. The typical green file should contain:
  • Bank accounts
  • Investments
  • Credit card
  • Auto loans
  • Recent pay stubs
  • Tax returns for two years
Check your credit rating. Your credit score will have a huge impact on what type of home you can buy, and at what price. Anything above 620 is considered good. A premium interest rate may mean a lower interest rate on your mortgage. Check your credit rating with a credit reporting agency such as Equifax , Experian or Trans Union.

Be Careful With Your Finances. Now is not a good time to make sudden career changes or large purchases. You want to approach home buying from a position of financial stability.