There is nothing worse than making an important decision without having all the information. A lack of preparation can result in mistakes that can cost you thousands of dollars. At Ideal Lending Solutions, we know that preparation, along with a little bit of education, can go a long way in helping prospective buyers and sellers avoid costly mistakes and ensure a positive and affordable outcome.
You’re in the market for a home, but don’t know just how much house you can afford.
Know exactly what you can afford by getting a pre-qualified mortgage through a reliable lender. It’s fast and easy and will give you confidence to make an offer the buyer will take seriously
Learning too late in the buying process that your Realtor represents the seller.
Before you start looking, establish a relationship up front with a Realtor to ensure that your interests are represented
Choosing the wrong mortgage and paying unnecessary interest, closing fees and taxes.
When considering multiple lenders, review all completed Loan Applications with your CPA or a Financial Advisor to ensure you choose the most affordable mortgage.
Purchasing a home and discovering hidden defects after you’ve closed the deal.
Avoid surprises by hiring an independent professional home inspector It is always worth the additional expense. You’ll be glad you did.
Discovering that your credit score is not where it needs to be when you go to buy or refinance.
Work with a mortgage lender in advance. He or she will review your credit rating and recommend steps needed to improve your credit, so you’ll be ready when the time comes.
Setting an asking price too high based on personal need or emotions rather than fair market value.
A Realtor can help you determine fair market value using comparable homes recently sold in your area.
Your home has been on the market for some time and just isn’t selling.
A good home, priced reasonably may not sell because it hasn’t been properly showcased. Before you list your home be sure to repair and clean thoroughly to make the best impression.
You’ve signed a listing contract with a Realtor, you’re unhappy with the results, but you can’t get out of the contract.
Tell your Realtor up front that you want to be able to cancel the listing agreement, with no questions asked, before you sign the contract.
You’ve chosen a Realtor for the wrong reason. (For example, the Realtor works for the most the popular company, or was the only one you met with.)
Meet with a minimum of three agents and be sure to check references. Make your decision on their track record and their proposed marketing plan for your home.
You’ve signed a legally binding contract with a lender before you’ve suddenly learned this transaction will cost you thousands of dollars.
The lender must provide you with a completed Loan Application before closing. Before you sign, review the application with your CPA or Financial Advisor and avoid costly mistakes.