The Profile and Prequalification

Prequalification is a simple process that provides you with a great tool to proceed with the purchase of your property. This process allows for an overall assessment of income vs. monthly financial commitments in the short and long term. Some characteristics of your job will be decisive in this process, just as personal circumstances can add great value to it.

In order to carry out this process, we recommend recreating your profile. To assist you we provide you with some tips:

1-2 What I want, 3-5 where I am and 6-8 where I'm going

Purpose – Like every adventure in life, everything begins with a dream, a purpose, a why? I always remember the words of a mentor, when the why is clear, the how is given. The first thing is to determine what use you will give to your property. The property I will be purchasing has the purpose of:

1. Home or main residence
2. Investment property: short or long term rental
3. Property for fun, rest…second home

Property

1. What type of property do I need for the purpose to be fulfilled?
   The property I need is: ________________________

Position – What financial resources do I have? The resources that make up your current economy will provide you with a frame of reference (GPS: what I earn, what I pay equals the situation)

1. Job
2. Income
3. Bills
4. Economic Commitments
5. Other properties

General parameters and circumstances

1. What is my credit score?
2. What does my credit history reflect?
3. What percent of my income is committed?
4. What type of job do I have?

People and personal circumstances

1. Who else will be part of this transaction?
2. Who am I going to buy with? Marital status.
3. How is my partner part or will be part of this transaction?

Professional – The real estate agent is a qualified professional to assist you in this process. Identify a Marisel Realty specialist in the real estate industry who will be assisting you in this process.

Prequalification – Get prequalified with the assistance of your Marisel Realty agent.

Steps – Identify eligible properties, schedule an appointment, evaluate the property

How much time do I have to prepare for the purchase of the property?
It is important to understand that this is a decision that you must make, only you know when the time will be right.