“Where do we start” is the number one question I receive as a Realtor. And quite frankly its a very valid question. No one ever teaches us how to buy a home, calculate a loan or pay the mortgage. These are typically things we have to teach ourselves. Some of us have been lucky enough to have a knack for it while others are not so fortunate. Buying a home can be a fun and exciting process if you know what you’re doing. In fact it’s not as hard as many would assume. The simplicity of the process is reliant on the agent you choose.
The day begins:
When you begin looking, the first move you need to make is finding an agent. For buyers, a Realtor is a completely free and an important asset. Think of it this way; would you try to play a professional sport without a coach? Probably not…The right Realtor will help you narrow you sights and give you a better idea of whats available. Once you have found this lucky Realtor they will help with step number two. Finding a lender (unless you have cash to buy a home) is probably the most important step. Here is where you have a plethora of options. Deciding on a lender is like finding the perfect spouse. Like a spouse you need to know if you can be together longterm. Don’t go chasing after a loan that might seem good in beginning but turns out to be a dud in the end. You should shop around when it comes to finding the right one. Have your realtor give you some options. Remember, that you are the client! You have the right to shop and choose what will work best for you. Another important fact to remember is that you’re allowed a per-approval without obligation. Just because you fill out an application and receive a pre-approval doesn’t mean you are bound to them.
Tomorrow I will cover part 2
Until then 🙂