Preparation

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



2.1 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



2.2 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.

2.3 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.

Wendy Storch | Sotheby’s International Realty | 117 Greenwich Street. San Francisco, CA. 94111
Cal BRE# 01355516 | Cell: 415-519-6091 | Direct: 415-901-1745

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