Preparing to Buy
Get Ready to Make Your Move
Before you start shopping for your property, it’s essential to prepare properly.
Build Your Green File
A green file contains all your important financial documents. You'll need it to secure financing for your property. It should include:
- 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 significantly impacts the type of property you can buy and at what price. We recommend checking your credit rating with an experienced lending institution to determine what you can afford. We can recommend knowledgeable lenders in residential, construction, commercial, and investment real estate fields.
Be Careful With Your Finances
Now is not the time to make sudden career changes or large purchases. You want to approach your property purchase from a position of financial stability.