It's that time of year again. No, not the holiday season. I mean, it IS the holiday season but I was actually talking about open enrollment. The joy of signing up for Obamacare! After seemingly endless hours of research and comparison shopping, I find a plan for my family and sign up. At a certain point in the process, I am asked if I am willing to let the powers that be examine my tax returns for the next one to five years.
I am a bit taken aback...leery even. How dare they?! It feels so invasive! No decent organization would ask for such delicate and private information, would they? WAIT! Credit card companies do that all the time! So do lenders! Whether you are borrowing money for a car, RV, home (gasp!)...now we are talking real estate! This is hitting pretty close to home!
(Sigh) Okay, I guess it is pretty much the same as what mortgage lenders do. Credit is checked. Income is verified. Calls are made for explanations of unusual account histories or trends. It is called due diligence and it is a good practice for anyone, whether a lender, home buyer or Obamacare shopper.
As a home buyer, one needs to be prepared for such examinations because they are, quite simply, part of the process. It's nothing personal, no matter how personal it feels. Do Your Due Diligence. Know your credit. Know what you can and can't afford. Perhaps even meet with a credit consultant or financial advisor to make sure you are where you need to be.
If you want to know more about preparing to purchase a home (or if you are an Obamacare expert), please contact me.
Jeff Dehmlow is your real estate caddy! Call Jeff--or text him--at 612-803-7060.
Author:Jeff Dehmlow Phone: 612-803-7060 Dated: December 13th 2014 Views: 386 About Jeff: ...
View our latest blog posts in your RSS reader. Click here to access.
Mojica & Associates Real Estate has over 55 years of combined real estate experience here in the Valley. Concentrating on evolving trends in a rapidly growing market, we specialize in finding the perfect opportunity for first time buyers, families looking to upgrade their home, 2nd home buyers and investors. Whether you are looking for the perfect place to hang your hat or finding qualified buyers to purchase your current property at top market prices, we can get it done for you.
Mojica & Associates Real Estate professes that the only way to best serve our clients’ needs is to continually educate ourselves and our agents on the most current and future market trends. Whether it is cutting edge technology to showcase or find the perfect home, making sure our staff is the most knowledgeable in the Valley on contracts, current laws governing real estate sales, short sales, or simply updating our listings throughout the day, we deliver.
Available to you, our most important client, is a vast network of business professionals dedicated to every facet of the buying or selling experience. We specialize in “targeted” marketing that provides optimal exposure through every forum available in today’s competitive market.
I love my job! You know, being a realtor with many realtor friends mea
"Michelle Mojica became our real estate agent in 2008, when she represented my husband and I as the buyers on our first "second home / vacation rental" purchase in Avondale, Arizona (in the Coldwater Creek development). Over 4 years I've come to know Michelle and found that she is very smart, patient, responsive, cheerful, professional, and an overall likable lady. We went back to Michelle, and her husband, Juan, when we were ready to sell the same Avondale house in 2012. Even though the real estate market had changed over the 4 years we owned it and we didn't know just how long it could take to sell it, Michelle amazed us with a record breaking one week escrow that opened on a Monday and closed on Friday, all in the same week! And, it was the hottest time of the year in Arizona and difficult for us to get away from our jobs to make the 5 hour drive from our primary residence in California, and Michelle and Juan flawlessly handled the transaction entirely by phone, fax and email. It was incredible how easy they made it for us as the sellers, as well as the buyers and their agent. It took Michelle's knowledge, all her contacts, and her professional mannerism, to get the job done. We can't say enough good things about our experiences with Michelle and her husband Juan. I would highly recommend either or both as a team to anyone looking to buy or sell real estate in the greater Phoenix area. Nice and caring people!"