HOW TO BUY A NEW HOUSE ?
by Tarsem Sandhu
Question:I like to buy a house. I have been trying for a long time.
Answer:I was in your shoes just a little over six years ago. I had wanted a home for a very long time and kept hitting obstacles, but I can tell you I have been happily living in my home now for a little over 5 years.
I am not sure of the obstacles you are facing in this quest, so I will just tell you about my own obstacles and how I overcame them and hopefully it will help you to move past your own, so that you may also own a home of your own.
The first thing I suggest is to meet with a mortgage broker that works with multiple lending companies. This way instead of going from one to another she will be able to run your application through multiple lending agencies. Be honest and upfront with your broker and tell her of the walls you have met with in the past and tell her you are willing to put in the work to get past those walls, but you would love her guidance to do so.
When I first met with my broker, this is exactly what I did. If the broker is unwilling to work with you go to the next one. Keep searching until you find the one that is willing to help you get a home. My broker worked with me for a year and a half before I was able to buy a home.
She ran my credit and evaluated my income told me what had to be done and different ways to do what had to be done.
It wasn't easy, but I was dedicated and you must be dedicated as well. The first thing I needed to do was to clean up my credit. I got a second job to pay off some debts I had been caring around for a while, I wrote to credit bureaus to get things removed from my credit that were older than 7 years and to dispute those things I believed were incorrect.
Then I made calls to old medical institutions that I owed money to due to illness early on and made arrangements to have the debts reduced and i worked with them to pay off those debts.
Then I sought out a real-estate agent that was tireless in helping me find the perfect home. At this point my credit was slightly better, but I still needed to be a little creative because I couldn't afford a lot of house and I did not have %20 to put down on a home and it would have taken another year to come up with that kind of down payment.
So my agent and I went on a search for a home that had been on the market for a long time, in the hopes the seller would be willing to make some concessions. This search took several months, but I finally found my home. The minute we pulled up I knew this was the one. The house need a lot of work and ivy was growing up the sides of the house and into the basement, the floor on the porch was so thin I put my foot through it, but The structure itself was solid and I knew this was a house I could work with.
We immediately called the seller, this house had been on the market for so long the buyer was currently talking to one of those sell it fast people who would have paid very little for the house, but the seller needed out. This was the jack pot. I agreed to pay the asking price if the seller would cover the down payment and closing cost plus make a couple minor repairs to the house.
He agreed and the rest is history.
What I did that is important that you don't see in this story is that I visualized this house every day, I put up a goal chart to track my progress for paying off bills and cleaning up my credit. I said the following affirmation everyday: I'm buying a house and i would just grin from ear to ear every time I said it. There were other positive affirmations, but I can't remember them all.
I also, talk to as many people as I could to find the right broker and agent to work with. I was honest about where I was and were I wanted to go and I followed the advise of those who knew more about the process than myself. I thought outside the box and found new ways to approach buying a home. I read books on the process and even when my agent said no to an idea I ran with it anyway until she was just as excited about the challenge of thinking outside the box.
I hope this helps. You have to decide YOU WILL BUY A HOME first then do the work to make it happen and don't take no for an answer. If you get a no find a new approach.
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