“We’re Planning on Buying Next Year”

“We’re Planning on Buying Next Year”



So many time I speak to prospective home buyers that say they are planning to purchase a home sometime in the future for many reasons. One of the reason, we don’t think we can qualify, so we need some coaching as to what we need to get ready.


After getting their history and running a credit report, it was clear that the wife had very strong credit, but the husband was not as strong, credit or income wise. After going over some math, the wife could purchase a home on her own.


The two of them were getting killed on taxes, based on their joint income, so buying a home sooner rather than later was definitely in their best interest and since they file jointly, it wouldn’t matter if the mortgage was done in both names.


They left my office with a pre-qualification in hand and ready to buy a home now, rather than later. Before you decide on next year, check it out, you may be able to buy NOW!


Image copurtesy of Phanlop/freedigitalphotos.net

Subscribe to my blog via Email:


Enter your email address:

Delivered by FeedBurner


Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com



Like me on facebookfollow me on twitterConnect with me on linkedin

Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comment balloon 23 commentsJoe Petrowsky • September 09 2015 05:43AM


What a great way to advise your clients.  Yes, there are definitely some big tax savings when you buy.  And, getting it done in the current calendar year is often better.

Posted by Debbie Gartner, The Flooring Girl & Blog Stylist -Dynamo Marketers (The Flooring Girl) almost 5 years ago

Good advice Joe, it never hurts to ask and you found a solution to their problem.....or a problem they thought they had.....

Posted by Roger D. Mucci, Lets shake things up at your home today! (Shaken...with a Twist 216.633.2092) almost 5 years ago

Prices and competition will most likely be higher next year too.

Posted by Rob D. Shepherd, Principal Broker GRI, SRES (Windermere/lane county) almost 5 years ago

good post, we have so many couples that their credit scores are uneven

Posted by Mike Rock, Granite Bay Luxury New Construction...For Less (Complete Design) almost 5 years ago

Good morning, Joe -- what a nice surprise!   Speaking with a professional brought some very good news.

Posted by Michael Jacobs, Los Angeles Pasadena 818.516.4393 almost 5 years ago

Hi Joe... that's happened with any number of my clients, as well, who've thought for some reason or other they need to wait to buy and we've managed to show them why they should act sooner rather than later.

Posted by Nina Hollander, Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor (Coldwell Banker Realty) almost 5 years ago

Great information...thank you for sharing it and make it a great day!

Posted by Kristin Johnston - REALTOR®, Giving Back With Each Home Sold! (RE/MAX Realty Center ) almost 5 years ago

Good morning Joe,

Learned in the auto industry that just looking meant whomever could convince me that it was the time to buy and the best deal!

Make yourself a great day.

Posted by Raymond E. Camp, Licensed Real Estate Salesperson Greater Rochester (Howard Hanna Real Estate Services) almost 5 years ago

Joe Petrowsky I hope this works out for your clients, and doesn't lead to problems between them.

Bill Roberts

Posted by Bill Roberts, "Baby Boomer" Retirement Planner (Brooks and Dunphy Real Estate) almost 5 years ago

Joe Petrowsky you are the master of lending!

Have a wonderful Wednesday!

Posted by Kim Johnson, Selling South Florida (Signature Realty Inc.) almost 5 years ago

All the more reason to check with a mortgage professional such as yourself, Joe. The answer may be a good surprise.

Posted by Anita Clark, Realtor - Homes for Sale in Warner Robins GA (Coldwell Banker Access Realty ~ 478.960.8055) almost 5 years ago

If prices keep going up, you most likely saved them a lot of money also, always nice to get people in a home sooner and save on rent.


Posted by Stefan Winter, Owner - Winter Group & Real Estate Web Tech (Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger) almost 5 years ago

Joe, funny, this just happened with one of my buyers, and the wife is not on the loan.

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (House to Home, Inc. - Denver Real Estate - 720-231-6373) almost 5 years ago

This really does happen often. It's a shame that buyers are so afraid of the buying process that they put their dreams of home ownership on hold. There is no proper way to begin accept to jump in and see where you are. Good Post!

Posted by Kameela Wardsworth (Raleigh Cary Realty ) almost 5 years ago

This is a very good story to share. We've had many successful transactions when only one of the purchasers could qualify for mortgage financing.

Posted by Roy Kelley (Realty Group Referrals) almost 5 years ago

You are not only a good lender Joe, you are creative and take the time to check out all avenues available.

Posted by Noah Seidenberg, Chicagoland and Suburbs (800) 858-7917 (Coldwell Banker) almost 5 years ago

Joe  those clients are smart to at least investigate and see where they're at in qualifying for a home loan. They asked a very good lender to guide them - you!

Posted by Anna Banana Kruchten Arizona's Top Banana!, 602-380-4886 (HomeSmart Real Estate BR030809000) almost 5 years ago

Prices will be higher next year but it is always a good idea to get your ducks in a row early.

Posted by Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional, Palm Harbor, Dunedin, Clearwater, Safety Harbor (Charles Rutenberg Realty) almost 5 years ago

Joe great job in providing them with a surprise they were not expecting.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) almost 5 years ago

Joe, some would be buyers can be very resistant to talki g to a loan officers but when they finally do, they are usually glad they did.  Good job!

Posted by Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES, Florida Waterfront and Country Club Living (Tropic Shores Realty - Ich spreche Deutsch!) almost 5 years ago

Now is definitely the time to buy! You are right about that! Way to be a great help!

Posted by The Julie Morales Team, Real Estate Questions? Call (832) 367-3412 (RE/MAX Cinco Ranch) almost 5 years ago

Clearly those who plan on "next year" will never buy or maybe seven years later.....

Posted by Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002 (Berkshire Hathaway HomeServices) almost 5 years ago

When a buyer tells me next year I ask why. Many times they can move that timeline foward.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) almost 5 years ago