Tips on home buying – limit your spending during a home purchase.

A reminder to all you prospective home buyers out there, if you are in the process of buying a house it WILL affect your purchasing power if you buy a car, get a new credit card, or do anything to alter your debt-to-income ratios. If possible, hold off on other expenditures till AFTER your purchase so you don’t get a surprise on your house financing during the transaction. Even if you must get a new car (and paid cash), be sure to be in touch with your lender to confirm its impact on your buying ability because lenders also have requirements for how much savings you must have in the bank to qualify.

I just had a buyer surprise me with the purchase of a new car while we’ve been in the hunt and had just put an offer in on a house. When I asked them if they’d told their lender, they seemed surprised that this would be necessary. Just because you’ve been approved for one big ticket item (a house) doesn’t mean that adding on another item (like a car) will bode well for the other purchase process. Buying a car can be a one day deal, but a house purchase takes longer and what you do during that period of time CAN and WILL affect it, if you’re not careful.

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Reba Haas

I've been a real estate agent in the Puget Sound region since 2003 and came to the industry with a background in sales in the tech sector. I'd been interested in real estate for a long time and my mom also happens to be a 25+year veteran agent in Kansas. I didn't grow up around the industry but I have definitely taken the bull by the horns, so to speak, in my own area with some pretty positive results. I've got a great team of people working with me. There is tremendous power in a team and it helps to have different perspectives at times when it comes to running a business. All in all, we make a great team! We hope you'll get a chance some day to utilize our varied and excellent skill sets in a future real estate transaction. But, even if we never get to meet you, we hope you'll enjoy and appreciate the information we have to offer here.

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