It is just around the corner, waiting, lurking. It’s always on the back of your mind, it happens every year: tax season.
I know, I know. Some people have already completed their taxes while others are in the process, and there are also those who still need to file last years! So you may be thinking, “Yeah, so what? What’s all this tax talk? Aren’t you are realtor or something? What’s that have anything to do with buying a home?” Well, let me tell you!
In the home buying process, the first step is getting pre-qualified. You may have heard me mention that before in other blogs, and that’s because it is pretty important. It let’s me know as your Realtor, what your buying power is. This way we look at houses within your budget versus looking at $50 million homes when you qualified for $395k.
Now, when on the prequalification process, there are some documents you need to provide the loan officer with. Here are some examples of documents they are very likely to ask for: pay stubs, taxes, W-2’s/1099’s, identification, 401k statements, and banks statements. These documents essentially verify the verbal information you provide them.
So if you are looking to buy, take a moment and begin to gather these documents. It gives you time to hound them down in case you have an organized mess (like what I have).
As always, when in doubt, talk it out with your Realtor!
Author:Azucena Gonzalez Phone: 928-366-8024 Dated: March 26th 2018 Views: 163 About Azucena: ...
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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.
Not all sales are created equal throughout the year. Of course a lot o
"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!"