Many buyers begin their home search months, possibly years ahead of time. The internet has made it easy for you to search for Franklin TN homes for sale without ever leaving your home. However, there's a lot of confusion about when the actual viewing of homes should begin.
Who should I contact first? A Franklin TN REALTOR® or a lender?
If you already have an established relationship with a trusted real estate agent and you don't know a lender, then contact the agent first. This real estate agent should have a preferred lender who has successfully gotten their buyers to the closing table. The agent will have insight into the best and the worst lenders in the area. After all, they may come in contact with hundreds of lenders each year. They know who can get the job done.
If you have an established relationship with a lender and don't know an agent, contact the lender first. Just like the real estate agent was able to direct you to a lender, a lender will be able to direct you to a real estate professional. They work with agents day in and day out. They also know the agents who have been most successful in getting their clients to the closing table.
There is one caveat. Don't necessarily expect that the agent will take you out before you have spoken with a lender. Instead, meet with an agent for a Buyer's Consultation. During that time, he/she will share the benefits of being pre-approved prior to seeing homes and give you the contact information for their preferred lender.
We always want our buyers to be in a position of power when making an offer on a house. The pre-approval letter gives us a clear advantage when writing an offer. Especially, if that house receives multiple offers. That pre-approval is very necessary in our current market. Some sellers may not even consider your offer without an accompanying pre-approval letter.
Who should I contact first? A Franklin TN REALTOR® or a lender? Whoever you already know and trust.
When you are ready to buy, contact Franklin Homes Realty LLC at (615) 495-0752. We have an excellent lender who can help you determine your buying power.