Would you buy a car without a carfax these days? here is what you the buyer should consider when purchasing your next home.

• Get Pre-Qualified
• Submit An Offer
• Get A Home Inspection, one more time. Get A Home Inspection
• The Mortgage Company will order the appraisal and the title work.
• Change the Locks

There is no if's ands or buts, you NEED to know whats on your credit report!. Don't beleive all these places that offer free reports then next thing you know your stuck in some trial. These are the requirements to get a free credit report.

• Once every 12 months
• One report from each of the 3 major agencies (Equifax, Experian and TransUnion)
• No secrets. Here is the link https://www.annualcreditreport.com

More tips for you buyers to be safe! Knowledge is POWER! And who can beat free! If you’ve tried to qualify for a mortgage any time in the last 60 days, you know that it’s suddenly gotten much tougher.

• What is Owner Finance - The Owner of the home agrees to “be the bank” and accept monthly mortgage payments from the Buyer (“You”). After you have made about a year’s worth of on-time mortgage payments, you can usually refinance into regular bank financing so that the Owner can stop “being the bank” and finally get paid off.
• Why would an Owner offer financing? - Offering Owner Financing gets the phone ringing with hordes of people calling and wanting to buy. What Owner doesn’t want THAT?!
• Benefits - Easy Qualification, No Loan Costs (Points, ETC), Fast Closing.
• Ask about title insurance. There may be problems with the sellers title that will cause problems in the future.
• Be Responsible! - Dont accept a slightly higher mortgage, interest rate or shorter balloon payment. If you've budgeted Stick to it!
• Get copies of and read carefully all the sellers mortage paperwork.
• Since the seller is frequently still responsible for payments on underlying loans, it is possible for seller problems to spill onto the buyer. A messy divorce, tax problems etc. can all do this.

• Effective for properties bought between January 1, 2009 and December 1, 2009
• Tax credit equals lessor of 10% of the property's value or $8,000
• The property purchased must be single-family and used as a principal residence for three years.
• Only first-time homebuyers are eligible or the purchaser (and purchaser's spouse) must not have owned a principal residence in the last three years
• This tax credit does not have to be repaid if the property is purchased between 1/1/09-12/1/09
• There is an income limit of $75,000 per individual (adjusted gross income) or $150,000 if filing a joint reurn. Individuals above these salaries may still receive a portion of the tax credit. IRS Form 5405 will help to determine this.
• Please consult a tax professional for more specific information that may pertain to you, as several states also have local policies.