Do Not Go Furniture Shopping for Your New Home!

From the Cary Home Page:

Sorry! That new recliner for your new home will just have to wait.

Sure...you're excited to know you'll soon be moving into your new home!

Of course, one of the first things you want to do is hit the stores for new furniture, appliances or curtains for your new home.

Don't even think about it!

Wait until the closing is over before you start buying stuff.

Why? Because lenders sometimes run credit reports as late as the day of closing. If there is new credit card debt or indications that debt may soon increase, it could delay or even prevent your home purchase.

Okay...so I can't buy...but I can do some serious looking. Right?

Wrong! If you plan to charge it, you're credit report may be pulled. An inquiry on a credit report might well raise red flags with your lender. Don’t even look until you’ve closed.

Sometimes what may seem to be the smallest thing can create a serious setback. It's just not worth taking the chance.

Be patient!

For the rest of the story, check out this article by Dawn Wotapka, Associated Press.


Kwik Kwote:  "The thing that really sets successful people apart from the dreamers is action." --Mark Joyner

Know Your Real Estate:  "ASSESSED VALUE"...the valuation placed on your property by the tax assessor. The tax rate is applied to the assessed value to calculate the taxes you owe. Sometimes assessed value reflects the property's market value and sometimes it doesn't.

To SEARCH FOR HOMES in the Cary-Raleigh area of North Carolina, visit the Wake County Real Estate Center. Or, email me at tim@timhaag.com. Or, for a no pressure chat, call me at 919-389-7135.