Preperation - What you should do before searching for a home or property in Ocean County NJ.

Create a Financial Document File.

Before you start shopping for your property, it is a good idea to make some preparations.

The financial document file contains all your important financial documents. You will need it to secure financing for your property. The typical financial documents file should contain:

  • Financial statements
  • Bank accounts
  • Investments
  • Credit cards
  • Auto loans
  • Recent pay stubs
  • Tax returns for two years
  • Copies of leases for investment properties
  • 401K statements, life insurance, stocks, bonds, and mutual account information.

Check Your Credit Rating.

Your credit score will have a huge impact on what type of property you can buy, and at what price. It is first recommended to check your credit rating with an experienced lending institution so that we can determine what you can afford. The lender will research your credit ratings from the three credit reporting agencies Equifax, Experian and Trans Union. We will be happy to recommend experienced, knowledgeable lenders in the residential, construction, and commercial and investment real estate fields.

Be Careful With Your Finances.

Now is not a good time to make sudden career changes or large purchases. You want to approach your property purchase from a position of financial stability.

Buying a House: Get Pre-Approved for a Mortgage

Do you know how much house you can afford? Probably not. Unless you have recently talked with a mortgage lender.

Loan pre-approval is 10% for the agent's benefit and 90% for the buyer's benefit!

Loan pre-approval is to prove a buyer's credibility to the seller! More and more of today's seller's are instructing their real estate agent to only show their homes to pre-approved or pre qualified buyers. Since it is foolish to buy a home without physically seeing it and inspecting every detail of the home yourself. The best course you can take is to get a pre-approval letter as soon as you start searching for homes.

Pre-approval helps you in other ways.

Example 1:
A home seller gets three similar offers. One is accompanied by a pre-approval letter from the buyer's bank that states they are pre-approved for a mortgage in the amount of the offer. One has a pre-qualified document and the other has no supporting documents. Which offer do you think the seller will consider first?

Example 2:
A buyer is on day one of their home searches and finds a fantastic deal on a home and it has everything they are looking for in a home. Plus the price has just been reduced. These type of deals usually sell very fast and attract several buyers.

The first thing you want to do is go see the house and inspect it to make sure there are no reasons this house is being sold for a great price that will not end up costing you money in repairs.

But like most seller's a pre-approval letter is required to see the home. By the time you get the pre-approval letter to take a tour of the home. The property might be sold and you missed out on a good deal because you were not prepared.

Agent John Franc
Real Estate Professional

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I am a Accredited Buyer’s Representative and a Licensed Professional Real Estate Agent who specializes in helping buyers in this community.

What is a Accredited Buyer’s Representative
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I can help you find your dream home.

  • Want to learn more about   a property, neighborhood or take a tour of a property your interested in?
  • Have a question about anything?
  • Do you need help?
  • Fastest way to an answer is to call me.

I promise I will only discuss the purpose of your call.   No sales pressure!   I just want the opportunity to help you!

I only ask you consider me when you decide to choose a real estate agent.

Agent Title
Realtor ®ABR Accredited Buyer’s Representative
Van Dyk Group
NJ Lic. #
PA Lic. #
15 Years
609-597-1988 Ext:329
275 Route 72 & Jennings Rd
Manahawkin, NJ. 08050

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The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Ocean County, NJ Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.