Monday, February 2, 2009

Action Step When Buying Real Estate

Here are a few things to keep in mind when you are thinking of buying property. The most important first step is getting prequalified for a loan. This gives you much more power when you come to the negotiating table and many sellers won't even look at an offer if you are not prequalified.

1. Get your Credit in Order
2. Plan for your mortgage-Start Early
3. Get your documentation in Order
-Tax Returns, Bank Statements, Pay Stubs, W-2’s

Keep this in mind when you are ready to buy real estate.