For this week's Tip Tuesday, we will focus on 3 mistakes that you can avoid when buying a home.
To summarize:
1. Once you have an accepted offer, deposit your earnest money deposit in escrow as soon as possible. This makes a good first impression of timeliness. In the future, should you ever need to negotiate or need more time on other deadlines, the seller and agent will more likely be able to work with you on it.
2. During your inspection contingencies, we recommend that you get a home inspection done by a licensed home inspector. This step is really important and can save you thousands of dollars.
3. DO NOT open any credit account, pay off any major debt, or make any late payments on any current accounts that you already have open. You want your financial situation to remain the same as when you got your pre-approval letter. Unless the lender tells you to do something specific, always ask them first before making any major financial decisions.
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Hi, we're Chantel Henson and Betty Stringer and we'd love to assist you. We are a mother-daughter team, committed to assisting you with your Real Estate needs! Providing you with Local Real Estate updates and advice for Monterey, Santa Cruz, Santa Clara, & San Benito County's real estate market for over 24 years.
We will provide you the FACTS! For an honest answer, call us. Our goal is, not to make a sale, but to create a Customer for Life!
Whether you're in the research phase at the beginning of your real estate search or you know exactly what you're looking for, you'll benefit from having real estate professionals by your side. We'd be honored to put our real estate experience to work for you.
Chantel Henson & Betty Stringer
Broker/Owner & Broker Associate
Realtors®
DRE # 01271580 & 02042438
VANCO Real Estate Executives
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***Disclaimer- A Realtor has a fiduciary duty to Buyers and Sellers individually. Our goal is to have a strong knowledge base of contracts. However, we are not Real Estate attorneys. Please contact a Real Estate attorney for more information about how to protect yourself from liability and Real Estate contracts affect you and your situation directly.***