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Preparing to Buy

When you are preparing to buy a property, it is a good idea to make some preparations.

Gather Necessary Documentation

Create a file that contains all your important financial documents. You will need it to secure financing for your property. The file should contain:

  • Financial statements
  • Bank accounts
  • Investments
  • Credit cards
  • Auto loans
  • Recent pay stubs
  • Tax returns for two years
  • Copies of leases for investment properties
  • 401K statements, life insurance, stocks, bonds, and mutual account information.

Check Your Credit Rating

Your credit score will have a huge impact on what type of property you can buy and at what price. That is why it is important to have a good mortgage lender who can help you out. A lender will help locate your credit ratings by researching the the credit reporting agencies, Equifax, Experian, and Trans Union. Once your credit score is determined, it will clarify what loans you will be able to afford.

Servus Realty Group will be happy to recommend experienced, knowledgeable lenders in the residential, construction, and commercial and investment real estate fields. Our goal is to be sure that our clients needs are met.

Financial Stability When Preparing to Buy

Now is not a good time to make sudden career changes or large purchases. You want to approach your property purchase from a position of financial stability. A financially stable position will give you the best opportunity to be able to afford your dream home!

The Servus Realty Group Difference

Servus Realty Group has over 20 years of real estate experience in the upstate of South Carolina. Our experience provides us with knowledge about current marketing trends and pricing. Our agents can answer your questions about what it means to set yourself up financially when you are preparing to buy. Call us today at (864) 787-3299 for a free consultation!