Buyer's Check List
- Send basic information about housing needs to your Realtor
to start receiving listings via email.
For example, # Bedrooms, # Bathrooms, Desired Location(s)
Any amenities that are important. This is the most efficient way
to search for active listings as the MLS is the most current data
about homes for sale.
-Set up a time to preview 2 or 3 homes with your Realtor to get an idea
what homes in your price range & different areas look like.
-Get pre-qualified with a lender to figure out what price range you qualify for
and to find out what your monthly payment will be. *Most
loan officers will be able to give you an idea of price and payment in a
phone consultation. Ask your Realtor for a referral.
- Items you will need to apply for a loan:
Income/Assets
-Pay stubs (30 Days)
-Employer Name & Address (Last 2 Years)
-W-2's (Last 2 Years)
-Statements for bank acct., mutual fund, and/or
investment acct. (Last 3 months)
If you own more than 25% of a business
-Corporate or Partnership Tax Returns
If Self-Employed
-Tax Returns (Last 3 Years, w/ Schedules)
-YTD Profit & Loss (Prepared by your accountant)
Debts
-Name and addresses, account #, balances & monthly
payments on all current loans/credit cards.
Miscellaneous
-Photo ID & Proof of Social Security #
-Residence addresses for last 2 years
-Divorce Decree (If applicable)
