Buying a home can be long drawn out and stressful process. It is important to surround yourself with true professionals. Among these professionals are a real estate broker, an attorney, a home inspector and a mortgage broker.
Your first stop aside from maybe sitting with a real estate broker to make sure you feel comfortable and "hit it off" is to contact a mortgage broker to learn or verify your ture buying power. Many naive buyuers look at homes first and then worry about buying power. Wrong! Aside from not wasting your time, seller's time and real esrare agents time, a buyer needs to pre qual from a reputable bankiong institution for various reasons:
- You need to know true buying power
- You need to know the monthly cost or expected budget
- If you are not pre qual prepared you can miss out on an opportunity if the home of your dreams comes on the market and the seller goes with an already pre qualed buyer.
For more helpful tips and info, contact me at 718.370.3200 or info@tomcrimminsrealty.com
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