I helped a buyer close on a house a couple of weeks ago and while we did our final walk-through, she told me about her great buy on a refrigerator, washer, and clothes dryer. I probably looked like a deer in the head lights when I stammered, “NO! STOP!” I suggested that the buyer not buy any more big ticket items and that she should wait until after she closes before spending more money on furniture, blinds, and other new house items.
There are some very specific do’s and don’ts when in the middle of purchasing a house. Realtor Charles Dailey of Minneapolis, Minnesota helps us to break it down. Here are a couple that really resonate,
DO NOT charge any new items on your charge cards (higher balances will lower credit scores).
DO NOT change employment may result in loan denial.
DO continue to make all payments on time.
All good advice. Take it seriously.
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