File Under “To Buy”

Make homebuying less stressful – get organized! Create a homebuyer’s file in which you can gather together all the paperwork and information you’ll need throughout the homebuying process, including (but not limited to):

  • Contact information for those people and services you’ll need throughout the process, like your real estate agent, mortgage representative, insurance broker, home inspector and moving company
  • Your credit report, as well as any correspondence you made or received in an effort to expunge omissions or errors (which are not uncommon) from your report.
  • Documents needed to process your mortgage loan, such as a letter of employment confirmation, pay stubs, bank statements, proof of additional income sources (e.g. rental properties, child support), tax returns, statements of assets (e.g. vehicles, real estate) and liabilities (e.g. student and credit-card loans).
  • The pre-approval letter you received from your mortgage lender, which tells you the specific amount of money you may qualify to borrow.
  • If you sign one with a real estate representative, a copy of the buyer’s agreement, which spells out the terms of agreement, compensation and the respective parties’ duties.
  • Copies of your needs and wants checklist, so you can take one to each property you view.
  • Any photographs you took or notes you made about properties you visited.
  • Information about prospective neighborhoods, such as details on schools, crime rates, recreational facilities, places of worship and transportation.
  • Property surveys, if you’re buying a house.
  • Copies of the rules and regulations for any homeowners association or condominium you’re seriously considering moving to.
  • Copies of inspection reports and appraisal reports.

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