Before you start shopping for your property, it is a good idea to make some preparations.
Build Your Green File.
A green file contains all your important financial documents. You will need it to secure financing for your property. The typical green 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. It is first recommended to check your credit rating with an experienced lending institution so that we can determine what you can afford. The lender will research your credit ratings from the three credit reporting agencies Equifax, Experian and Trans Union. We would be happy to recommend experienced, knowledgeable lenders in the residential, construction, commercial and investment real estate fields.
Be Careful With Your Finances.
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.
The Goldbar Team is a Top Ranked Real Estate Team servicing both New York and Florida. We pride ourselves in serving our clients on the highest level possible as their life long real estate advisors. Our specialty consists of working with buyers, sellers, investors, international clientele, & luxury clientele. Our team consists of agents servicing various markets with specific specialities, in order to provide the best experience possible. With over $100M+ in sales & a network of more than 50,000+ Agents globally, there is no doubt why we are one of the fastest growing real estate teams in the world. Our brokerage, Exp Realty, serves as a leader in technology based brokerage models and is continuing to expand into new markets globally. Markets we currently service in NY include the 5 boroughs of New York City, Nassau County, Suffolk County, and The Hamptons. Markets we currently service in South Florida include Miami, Palm Beach, and cities in between. Markets we currently service in in Central Florida encompass Orlando to Tampa Bay. Our brokerages' global reach & exposure includes North America, South America, Europe, South Africa, Australia, & Asia. If you need any assistance when it comes to your next real estate transaction, please do not hesitate to contact The Goldbar Real Estate Team.