Before Your Next Real Estate Purchase

Before you start looking for your home or investment property, it is a good idea to do some of your home (preparation) work first.  Follow these steps to prepare for buying your new Tampa Bay home or investment property.

Build Your Financial Picture

This file contains all your important financial documents. You will need it to secure financing for your property and determine your buying power. Although I’m not a financial advisor or a banker, your file should contain the following documents:

  • Financial statements
  • Last two Bank statements
  • Investments
  • Credit cards
  • Auto loans
  • Last two 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 also have a strong impact on the type of property that you are eligible buy, and at what price. As a first preparation step, you should check your credit rating with an experienced lending institution so that we can determine what you can afford in terms of down payment and monthly payment.

The lender will research your credit ratings from the three credit reporting agencies Equifax, Experian and Trans Union. .  If you don’t have a lender, I can recommend one. As a realtor, I have worked with several knowledgeable lenders that I could recommend in the  residential, commercial ,and investment real estate fields.

Be Smart with Your Finances

Now is not a good time to make sudden career changes or large purchases. As you do not want to change your financial buying power to purchase your Tampa Bay area property.

I have a wide variety of real estate experience in both commercial and residential real estate in Florida.  If you are interested in buying real estate (home (new or presales), or an investment property), please contact me (Alan Lane with Keller Williams Realty at 2119 W Brandon Blvd, Brandon, Florida  33511) and I can help you find a new home in the Tampa Bay Area.  As a life long resident of Central Florida, I can help you find the right property for you whether it is in Lakeland or as far south as Sarasota.  The Keller Williams offices of  ”Suburban Tampa” include the offices in Brandon, Plant City, Fishhawk Ranch, and our newest office in Valrico.  My email address is alanlane66@gmail.com, or call me at 813.205.9280.  If you are just starting your search, you can search the MLS for real estate opportunities on my website at this link.
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