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:Michelle Mojica Phone: 602-687-0617 Dated: March 26th 2018 Views: 245 About Michelle: ...
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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, curre nt 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.
We've all been there. We watched some HGTV show, saw Joanna Gaine
"I had tried working with other realtors before purchasing my first home with Michelle, and she was by far the most knowledgeable of the market, professional and a pleasure to work with. She has a great personality and superb negotation skills! The seller of my home was difficult to deal with(to put it mildly), and she knew exactly how to handle it to make sure the deal closed. I had a tight deadline as I had to be moved out of my apartment by a certain date and our days were limited on making it happen. On top of that my first lender made a mistake on my loan underwriting file, and I had to QUICKLY find another alternative and Michelle had the professional network to make it happen. When I go to sell my home or buy another, Michelle and her team will be getting my business again!"