Things You Should Absolutely NOT Do!!!

  • Don’t quit your job.
  • Don’t change your job.
  • Don’t buy any large ticket items. (like five dollars or more!)
  • Don’t make David Copperfield deposits. (all funds need to be traceable)
  • Don’t speak with sellers directly. (loose lips sink ships)
  • Not getting a gift letter and a bank statement for funds.
  • Not telling the person who is giving you the gift that you will probably need a gift letter and some proof (usually a bank statement) that they had the money to give.
  • Not telling me if you are allergic to animals.
  • Not being completely honest with your lender about child support, alimony, wage garnishments or any other payroll reduction.
  • Don’t get advice from a buying committee that has not purchased in the last year (the rules change almost daily).
  • Don’t wait to see everything else that is on the market.
  • Don’t trash the property in front of the owners.
  • Don’t call the other agent on For Sale signs.
  • Don’t attend open houses and new construction without me.
  • Don’t not tell me if you have a house to sell.
  • Don’t delay paperwork because you are irritated by the frequency and number of requests from your mortgage company.
  • Don’t find a lender on the internet that offers a 0.001 interest rate and/or is outside of the area.
  • Don’t forget … it is possible to find what you are looking for the very first day you go out (this happens more than you think …)
  • Don’t go home to sleep on it (in a hot market, if you sleep on it, you might not get to sleep in it)
  • Don’t wait to find the absolute PERFECT house. You will always be limited by income, zoning, inventory at the time, and/or legislation and or property taxes.
  • Don’t 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.
  • Do NOT co-sign. Not even for a candy bar!
  • Don’t schedule a vacation before we close. (Especially a prepaid, nonrefundable cruise or vacation.)• Don’t order Direct TV, cable, telephone, internet, or any utility that will pull a credit report, unless you want to write a letter of explanation about the inquiry on your credit report to your mortgage company.
  • Don’t change your name during the mortgage process.
  • Not being up front with your loan officer. (Hiding information)
  • Not realizing the clock starts ticking from the time the loan officer receives the contract (not the date it was written)
  • Need a letter of explanation.
  • Don’t have unreasonable expectations.
  • Don’t pass on getting a home warranty.
  • Don’t give away your negotiation power by speaking in the house. (always assume you are being recorded)
  • Don’t post your real estate thoughts on social media sites. (If you are savvy, this can easily be viewed.)
  • Don’t skip a home inspection.
  • Don’t start looking for your new home BEFORE you are FULLY approved (nothing hurts as much as finding the house you love and losing it because someone else beat you to it because you were not ready.
  • Don’t believe what you see on HGTV and reality television. (the majority of that stuff is scripted)
  • Don’t forget to shop the good faith estimate.
  • Not telling me what is MOST important to you.
  • Don’t call at the very last minute to cancel appointments.
  • Don’t use a 100% Online Lender.
  • Don’t use an Attorney that does not SPECIALIZE in Real Estate.
  • Not using name on driver’s license for mtg docs (use Jr. and Sr. if required)
  • Not telling your lender if you lose your job before you close.
  • Do not go window shopping and let people pull your credit.
  • Realize that if it can’t be written on the front page of the contract because it’s being done “under the table,” it is probably mortgage fraud.
  • Do not look at a short-sale if you need to move immediately.
  • Do not consider a short-sale if you need to be in control of the process.