The Very First Step to Buying a Home

Real Estate Agent with Vision Real Estate - Park's Edge Townhomes

Park's Edge Payette Kitchen

Whenever I am approached by someone interested in buying a Park City home, the first thing I ask is “What do you qualify for?”  Most people have no idea and it’s really frustrating for a buyer to fall in love with a property they cannot afford. 

So, I always make sure my clients have spoken with a mortgage company and know what they qualify for before we start looking for homes. 

It’s also very helpful because, say you only qualify for $350,000, and just aren’t finding anything you are interested in at that price point? Most mortgage companies can tell you what you need to do in order to get the price point you want to be at. 

I experienced this firsthand when my husband and I were looking for a home. After meeting with a mortgage company we were told what we qualified for and what we needed to do to get to the price point that worked best for us. 

A really neat thing about meeting with a mortgage company and discussing what you can qualify for is that they don’t charge you anything, it’s free.   So, please, if you are thinking about buying a home take the time to meet with a mortgage broker to see what you can qualify for.  It will save you a lot of time and frustration!

Comments (5)

Brian Kovaleski
CrossCountry Mortgage, LLC 80845, 3029 - Charlotte, NC
Mortgage Loans - North Carolina South Carolina

THANK YOU!  Fantastic post!  We require our Realtors to get their clients preapproved first.  Fuel is too expensive and time is too short to even think about placing a customer that can't even get qualified.  Find a lender you work well with and make sure they prequalify the buyer first thing!

Mar 29, 2011 10:38 AM
Gary Coles (International Referrals)
Venture Realty International - Las Vegas, NV
Latin America Real Estate

Mandy ,   Congratulations on your first post.  You did a great job.  I'm looking forward to many more. If I can ever help in any way, just call me

Mar 29, 2011 03:00 PM
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Thanks for sharing Mandy and welcome to ActiveRain!

ActiveRain is a great place to learn and share anything you need to know about the real estate business or about getting the most out of blogging and marketing yourself on line. If you have any questions just stop by my blog. I am an Ambassador so I am here to help you make the most out of ActiveRain.

Have a great day!


Mar 29, 2011 03:48 PM
Olympus Executive Realty Inc.
Olympus Executive Realty INC. - Orlando, FL
Home Of The Top Producers

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Mar 29, 2011 04:07 PM
Letitia Stevenson
BHHS Fox & Roach | - Greenville, DE
Listing Agent DE/PA/MD, Digital Marketer & Coach

Mandy, Welcome to the Rain! Active Rain is a great place to share your knowledge, expertise and thoughts, as well as network and learn so much from the vast pool of talent already onboard. If you would like to connect with me on ActiveRain, please subscribe to my blog!

Welcome Aboard and Much Success!

Apr 01, 2011 08:06 AM