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Updated over 8 years ago on . Most recent reply

User Stats

72
Posts
24
Votes
JaNae Anderson
  • Investor
  • Vallejo, CA
24
Votes |
72
Posts

Can't stop looking for deals but I'm not ready to purchase

JaNae Anderson
  • Investor
  • Vallejo, CA
Posted

I have to wait for two months to get a traditional loan from my lender because I'm on maternity leave. When your on leave you don't receive your consistent payroll check which is what's needed to get a loan. The problem I'm having is that I can't stop looking at good deals that continue to come up. Any advice to get around this situation or should I stop looking until I can get the loan? 

Most Popular Reply

User Stats

468
Posts
223
Votes
Jay Orlauski
  • Realtor
  • Fresno, CA
223
Votes |
468
Posts
Jay Orlauski
  • Realtor
  • Fresno, CA
Replied

Keep looking - it will keep you in practice - keep you sharp and on top of the market. You may start to recognize patterns or sales trends - maybe start to recognize homes that have been sitting and are ripe for a lowball offer.  Even if you can't do anything right now, it still takes time in many cases to actually find a good deal. If you wait till you get approved to find something - it may take you a few months to find one - OR.. if you are running across all sorts of great deals and its driving you nuts not to be able to anything - start connecting with some local investors and see if you can wholesale any of them and make a little extra while you're waiting. At two months away from buying , you should definitely be looking on a regular basis.  Best of luck to you!

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