What NOT to Do When Buying a Home

Before & After You’re Under Contract

Buying a home is exciting—but it’s also a big deal. Whether you're just starting your search or already under contract, one wrong move could cost you time, money, or even the home itself.

At Stonefly Real Estate, we’ve seen it all, and we’re here to help you avoid the pitfalls. Let’s walk through what not to do—both before and after you're under contract.

What NOT to Do Before Buying a Home

1. Don’t Make Big Financial Moves

• No big purchases – Skip the car, furniture, or dream vacation until after closing.
• No job changes – Even if it's a promotion, switching jobs can complicate loan approval.
• No new credit accounts – Opening new lines of credit can ding your score and raise red flags.
• Don’t close credit cards – Pay them off, but keep them open. Closing them could lower your credit score.

2. Don’t Skip Pre-Approval

Looking at homes without pre-approval is like shopping without checking your bank account. In a competitive market like Ogden, Salt Lake, or other Northern Utah areas, pre-approval shows you're serious—and ready to move fast.

3. Don’t Rely on Online Calculators

They’re a starting point, but they don’t tell the full story. Many calculators leave out mortgage insurance and other key costs. A local lender can give you a realistic, customized plan.

4. Don’t Ignore the Local Market

• Not all neighborhoods are the same. Whether you're dreaming of ski-in/ski-out access, being near top-rated schools, or a lakefront escape—we’ll help you find the right fit for your lifestyle.
• Research property taxes, HOA fees, and utility costs—they can vary significantly between communities.

What NOT to Do After You’re Under Contract

1. Don’t Change Your Financial Situation

• No new credit cards, loans, or large purchases—Lenders recheck your finances before closing.
• Don’t co-sign on a loan—Even helping someone else can impact your debt-to-income ratio.

2. Don’t Make Large Bank Deposits Without Documentation

If you're receiving a gift toward your down payment, great! Just make sure it's documented properly—lenders need to see where the money came from.

3. Don’t Skip Inspections or Waive Contingencies Without Caution

• Skipping a home inspection? Bad idea. Even in a competitive market, inspections protect you.
• Waiving contingencies? Only do this if you understand the risks—we’ll help you make informed decisions.

4. Don’t Miss Deadlines

Your contract will have strict deadlines for inspections, appraisals, and financing. Missing them could cost you the home. We’ll help you stay on track, but organization is key!

5. Don’t Make Last-Minute Changes to Your Loan

Changing lenders or loan types mid-stream can delay—or even derail—your closing. Always talk to your agent and lender first.

Stonefly Real Estate: Your Guide to Smart Home Buying

Buying a home is more than just square footage—it’s about finding the perfect fit for your lifestyle. Whether that’s being close to top schools, ski resorts, trails, or a peaceful lakeside retreat, we make sure your experience is smooth, strategic, and stress-free.

With over 20 years of experience in Northern Utah markets, we guide our clients through every step—so you can avoid costly mistakes and close with confidence.

Ready to Buy? Let’s Do It the Right Way.

Contact Stonefly Real Estate today to begin your journey to Getaway Living, Utah Style.