Page 35 - Kinney Realty Relocation Sponsor Booklet - Albuquerque New Mexico

KINNEY REALTY GUIDE TO ALBUQUERQUE KINNEY REALTY GUIDE TO ALBUQUERQUE

THINGS YOU SHOULD NOT DO A BUYER'S ULTIMATE CHECKLIST

- Don't quit/change your job or get a promotion As you go through the process of buying your home make sure to

- Don't buy any large ticket items including but not limited to cars, jet skiis, furniture, check off each of these boxes to make sure you're on track.
electronics, the new apple watch, a new wardrobe, a limited edition signed jersey etc.

- Don't make David Copperfield deposits (all funds need to be traceable)
- Don't talk to sellers or seller's realtor directly... loose lips sink ships Have a buyer's consult with your Realtor A.S.A.P. to get you on track

- Always get a gift letter and proof if you recieve a $ gift and begin your journey.
- Always be completely honest with the lender about child support, alimony, wage Get PRE-APPROVED with a lender. Homes are moving fast, be ready.
garnishments or any other payroll reduction
It's time to shop! Let's go ahead and schedule viewing appointments.
- Do not get advice from a buying committee that has not purchased in the last year (rules
change almost daily) You found a home? Great! Let's make an offer and go through

- Do not wait to see everything on the market. If you sleep on it you may not sleep in it. negotiations.
- Do not call the realtor on 'For Sale' signs CONGRATULATIONS! Offer Accepted. Now we will schedule

- Do not attend open houses or new construction without me inspections.
- Do not delay paperwork because you are irritated by the frequency and number of requests Your lender will begin to ask you for a TON of information. If they say
from your mortgage coompany they need it today, get it to them yesterday! Any delay can hold up a
- Do not forget that you may find what you're looking for the first day you go out to view closing.
houses... This happens more often than you think
I will be busy juggling the finer details of the transactions at this point.
- Do not forget the 80/10/10 rule. If you find a house that has 80% of what you are looking for,
10% of things you can change and 10% of things you can live with, it's a keeper! 98% of what I do you won't even see or hear about.

- Do not co-sign for anything, even a candy bar UH OH! The inspectors may have found some issues. It's time to talk
- Do not be fooled by an internet lender offering a .0001 interest rate about how to navigate these hurdles. This is a time to renegotiate

- Don't schedule a vacation before we close (especially a cruise) and time is of the essence. There is no time to drag our feet... more
- Don't order cable, telephone or ANY utility that will pull a credit report unless you want to paperwork is headed your way.
write a letter of explanation about the report to your mortgage company The obstacles are resolved and the hurdles have been jumped! Moving

- Do not forget that the clock starts ticking from the time the loan officer gets the contract on...
- Do not forget to tell me what is MOST important to you
Have you decided on a warranty program? If not, NOW is the time.
- Do not give away your negotiating power by speaking in the house (cameras are everywhere)
ALMOST there, only a few days until closing. Let's do a walk through to
- Do not call at the very last minute to cancel appointments
make sure the home is in the condition we expect it to be in.
- Do not opt out on the Full Home Inspection. You want to know what you're buying.
Closing Day = You sign the paperwork on your NEW HOME!
- Do not forget to be fully approved BEFORE you go looking. Nothing hurts more than finding
the home of your dreams and losing it when someone beats you to the purchase because you It is VERY important to note that often funding does not happen on the day
were not fully ready.
of signing which means you will not get your keys until the NEXT DAY when
- MOST IMPORTANTLY: Do not die before the transaction closes. This really messes things up funding goes through. Don't schedule the moving truck on the day of funding.
BIG TIME! Please don't die before the closing...

34 35