Don’t Buy Before You Buy!

Buying a new home is one of life’s greatest thrills. It’s easy to get caught up in the moment and not realize that the homebuying process is just that—a process, not a singular transaction.

What do I mean by that? When you buy a house, from the moment you make an offer and it gets accept to the time of actual closing on your home loan, the process takes sometimes 30 or 60 days to go through escrow, inspection and other due diligences.

It’s during this time, between an accepted offer and a closed deal, that I’ve seen people make mistakes. One of the most common is assuming that because you’ve already been pre-approved for a home loan and have an offer accepted, it’s okay to open a new line or credit somewhere or make a large purchase on one of your existing credit cards.

In reality, this can affect your ability to close on your new home loan and may affect your ability to buy the home altogether! If anything, in the months before and during escrow, it’s best to delay any impulse buys and wait until you have the keys to your new home before you decide to buy new furniture or invest in a new outdoor dining set. This is a critical time and new lines of credit, or new purchases on existing credit lines can change your credit score, which can affect your mortgage rate and bank approval.

So, don’t buy before you buy! Use the time leading up to your closing to decide what you might want to buy after you move in. Resist the temptation to buy on impulse and hold off until the time is right. You’ll be glad you did!

Giving Back to the Local Community

Two of my favorite children’s charities that do extraordinary work on behalf of the Eugene/Springfield community are CASA For Children and Children’s Miracle Network Hospitals. Both charities have long been a part of my personal and professional life, and to be fortunate enough to contribute to both of these causes has been one of the most rewarding aspects of my career.

With every closing, a donation is made to both charities!

CASA (Court Appointed Special Advocates) For Children

To better serve the number of abused and neglected children in Lane County, CASA volunteers work to prevent children from being re-abused by facilitating their move through the court and child protective services systems as quickly as possible into safe, permanent homes.

To be part of this incredible and much needed cause, visit casa-lane.org

Children’s Miracle Network Hospitals

Since 1983, Children’s Miracle Network Hospitals has raised more than $5 billion dollars for 170 children’s hospitals, like ours, across the United States and Canada. Their mission, to save and improve the lives of as many children as possible, impacts local kids in our communities. Donations stay local to fund critical treatments and healthcare services, pediatric medical equipment and charitable care.

To contribute and make an impact on the lives of children in need, visit https://childrensmiraclenetworkhospitals.org/donate/