Fredericksburg Home Buyers – Get Ready

Are you in search of that perfect Fredericksburg real estate? Did you just start your search or planning to start soon? I’m a Realtor in Fredericksburg, VA. My strategy to getting my clients under contract is simple. Be aggressive and be prepared.

The most important step in your process should be fulfilled before you even contact the Realtor. Decide with your family on the type of home you want and where. Discuss the important criteria items and features the home must have. There are many buyers that wait until the last minute to decide what they want. This creates confusion and stress and lengthens Fredericksburg home searches.

You are now ready to contact your lender of choice to get pre-approved and find out what you can afford in your new home purchase. The lender will require you to get together information that they will need to process your loan. If you really want to be a savvy buyer, get that information together early as well.

Information Needed at Loan Application:

·         W/2’s for the last two years

·         One month current pay stubs

·         Landlord name and address for last two years

·         Employer name and address for last two years

·         Purchase Agreement or Deed if Refinancing

·         All Banks names, account numbers and balances

·         Last three months all bank statements on all accounts

·         12 months cancelled checks for mortgage or rent

·         Check for application fee and rate lock

·         Self-Employed: Last 2 years Tax Returns with all schedules, YTD, P&L

·         Green card for Resident Aliens

·         Social Security Card and License (FHA)

·         Legal Description (FHA and VA)

·         Certificate of Eligibility (VA)

·         Account numbers, addresses, balances/monthly payments on all open loans

Tom Smith is a full time local Fredericksburg Real Estate Agent licensed in the Commonwealth of Virginia. He is one the Top Realtors in the Fredericksburg, VA area based on sales and production. His strong points are communication, knowledge, expertise and the will to succeed in every transaction. Learn more about your Fredericksburg real estate agent.