Ten Steps to buying a house this year. STEP 2. Get Prequalified

By
Real Estate Agent with RE/MAX Centre Realtors
http://activerain.com/droplet/5cjk

Step #2 getting prequalified.

Once you know the amount of money available to buy a home the next step is to sit down with a lender.

You can ask your  friends  who may have purchased a home recently for recommendation.

If you have already met a real estate agent , the agent may have recommended some loan officers.

You can go to www.hud.gov and look up lenders and other resources available for buyers.

The lender will check your credit and based on your income and debts qualify you for a mortgage. The lender will explain closing costs and down payment needed for the purchase of a home.

This will give you an idea of the price of the home that you can afford to buy.

 

DO NOT GO TO NEW CONSTRUCTION UNTIL YOU START WORKING WITH AN AGENT. 

The sales person at the model homes represents the builder.

 

 TEN STEPS  to buying a home Step #1. Cash saved to buy a house.    . http://activerain.com/droplet/5bSG   

      

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When you read about events please check the year for the event as some people find information a year later and think it is for that year. . The posts remain online even after the event.

Gita Bantwal is a Realtor with RE/MAX Centre Realtors in Bucks County, a Northern suburb of Philadelphia. You can view 1000s of listings on her web site www.GitaBantwal.com

 

She can be reached at 215-343-8200x124 or direct 215-275-8491 or via email gita01@aol.com

If you would like a FREE MARKET EVALUATION OF YOUR HOME IN PHILADELPHIA, BUCKS or MONTGOMERY COUNTY call me at 2152758491

 Gita specializes in Active adult communities and is a Seniors Real Estate Specialist. She holds the ABR designation (Accredited Buyers Representative) and specializes in selling to first time buyers as well as move up buyers.Gita also hold the CRS designation , Certified Residential Specialist and the CDPE designation as well. Information about real estate market is deemed to be correct but is subject to errors and omissions and should be verified independently.. Opinion expressed by me or others  in my post and comments is not to be construed to be  legal advice.I am licensed in Pa. Check real estate laws in your state as they may be different than in Pa.

IF YOU WOULD LIKE TO SUBSCRIBE TO MY BLOG         CLICK HERE   OR EMAIL ME AT Gita01@aol.com

 

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Rainmaker
3,959,224
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Grant, Thank you for the comment.

Apr 21, 2018 04:19 AM #5
Rainmaker
3,959,224
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Roy, thank you.

Apr 21, 2018 04:19 AM #6
Ambassador
2,254,537
1 ~Judi & Don Barrett & Chassy Eastep - Integrity
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

That "sitting down with a lender" seems to be where some people hang up in the process.  A great series.

Apr 21, 2018 04:28 AM #7
Rainmaker
2,605,597
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Good morning Gita. Sit down with that lender and get pre-approved subject to appraisal of the property. That is where the power is. If seeking pre-qualification be honest with the lender and complete in your disclosure. Enjoy your day. 

Apr 21, 2018 04:38 AM #8
Rainmaker
2,353,398
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

A great series, Gita. These days I tell buyers to go get pre-approved, not just pre-qualified to compete more successfully in multiple offer situations.

Apr 21, 2018 04:47 AM #9
Rainmaker
4,204,543
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

All buyers need to get pre-qualified so that they know what the maximum home price they can afford.  Great advice.

Apr 21, 2018 05:05 AM #10
Rainer
60,967
Golden1 Agents
San Mateo, CA

Great information for home buyers. Thanks for sharing!

Apr 21, 2018 05:56 AM #11
Ambassador
1,624,520
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Gita, This is an important series for buyers.   Following these steps will make the home buying process smoother

Apr 21, 2018 07:27 AM #12
Ambassador
3,632,827
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Nice series on the steps to buying a house, Gita. I totally agree that the buyer should not go to a new home model without an agent. The agent on site represents the builder.

Apr 21, 2018 04:46 PM #13
Rainmaker
3,959,224
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Judi, thank you 

Apr 22, 2018 03:54 AM #14
Rainmaker
3,959,224
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Wayne, have a good day 

Apr 22, 2018 03:54 AM #15
Rainmaker
3,959,224
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Nina, good advice.

Apr 22, 2018 03:55 AM #16
Rainmaker
3,959,224
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Wayne, I agree

Apr 22, 2018 03:55 AM #17
Rainmaker
3,959,224
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Golden agents, thank you 

Apr 22, 2018 03:55 AM #18
Rainmaker
3,959,224
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Jennifer, I agree

Apr 22, 2018 03:56 AM #19
Rainmaker
3,959,224
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Debbie, I hope they will read this.

Apr 22, 2018 03:56 AM #20
Rainmaker
784,372
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Interesting Facts, Your blog post should attract more readers to Phili. Keep writing and Good Luck!

Apr 26, 2018 06:15 PM #21
Rainmaker
3,959,224
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thomas, thank you 

Apr 27, 2018 03:53 AM #22
Rainmaker
880,097
Gloria Todor
Century 21 Absolute Realty - Media, PA
& Doug Durren (484) 431-3686 in SE PA

Gita, Buyers need to know their true buying power as you pointed out.  So important!

Apr 27, 2018 02:27 PM #23
Rainmaker
3,959,224
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Gloria,. I agree.

Apr 28, 2018 02:56 AM #24
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Rainmaker
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Gita Bantwal

REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel
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