If you need assistance, please call 609-813-0502

PREPARING TO BUY

Wednesday, November 21, 2018   /   by Steven DiPeso

PREPARING TO BUY

Before you start shopping for your property, it is a good idea to make some preparations.



Build Your Green File.


A green file contains all your important financial documents. You will need it to secure financing for your property. The typical green file should contain:



  • Financial statements

  • Bank accounts

  • Investments

  • Credit cards

  • Auto loans

  • Recent pay stubs

  • Tax returns for two years

  • Copies of leases for investment properties

  • 401K statements, life insurance, stocks, bonds, and mutual account information.



Check Your Credit Rating.


Your credit score will have a huge impact on what type of property you can buy, and at what price. It is first recommended to check your credit rating with an experienced lending institution so that we can determine what you can afford. The lender will research your credit ratings from the three credit reporting agencies Equifax, Experian and Trans Union. We will be happy to recommend experienced, knowledgeable lenders in the residential, construction, and commercial and investment real estate fields.



Be Careful With Your Finances.


Now is not a good time to make sudden career changes or large purchases. You want to approach your property purchase from a position of financial stability.

Jersey Shore Homes
Steven DiPeso
150 96th Street
Stone Harbor, NJ 08247
609-813-0502

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the South Jersey Shore Regional MLS. Real estate listings held by brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
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