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Real Estate Tips

  Shenandoah Real Estate

PO Box 1032

18 Dunsmore Road

Verona, VA  24482

(540)248-2532

(540)248-4100 - fax

Put Your Finances in Order – It's always good advice, but making sure your finances are in order before you begin looking for a home is crucial. Here are three ways to help make it happen:

•Know how much you have available for a down payment; and the source(s) of the funds; it's very handy information to have on hand when you're applying for financing.

•Avoid major purchases until you're in your new home; they could affect the amount you'll be able to borrow.

•Postpone that new credit card; and cancel cards you use very rarely or not at all. The availability of a line of credit will reduce what a lender is willing to offer you.

Get pre-approval for your mortgage loan; It's easy to get pre-approval from your lender, and it costs you nothing but a little of your time. Don't underestimate the importance of this tip. Sure, you think it's a "buyers market" – at least until a seller is considering multiple offers on your dream home.

Choose an Attorney – If you're moving out of your area and don't have an attorney to represent you, it makes sense to secure the services of an attorney before you've found your next home; your Realtor can refer you to experienced attorneys in the area.

List Your "Must Haves" and "Have Nots" – List the features you must have in your next home and the "must have" amenities in the surrounding area, as well as the things you'd like to avoid (a multi-story home, or a home of a particular architectural style, for example).