First Things First

By
Real Estate Agent with Chelsea Stevens Marketing

Alright, you've decided that it's time to buy a home, what is the first thing you should do?
Go find the perfect house?
Start shopping for furniture?
No! You absolutely need to get your funding in order immediately. I'd love to show you homes right away, it's one of my favorite parts of this job. I don't want you to find the perfect house only to discover that you aren't qualified to buy it.
So, first things first, figure out how you're going to afford a house. If you're like a majority of the population, this means you have to go shopping for a lender. Every lender is different, they offer different services, different fees, different interest rates or they may have different qualifications needed for approval. Don't be afraid to shop around, you need to make sure that you're getting the best service out there.
Choose the right bank, the right loan, and discover just how much you able to afford. Then get a prequalification or preapproval letter, this gives the Realtor an idea of what you can afford, and it will make make your offer more solid.
Now, we get to start looking at houses!

Comments (3)

Jim Mushinsky
Centsable Inspection - Framingham, MA

Hi Chelsea,  Thinking back to when I bought my first house, you're right.  It didn't feel right at the time though, since it seemed like I was looked at as a payday first and a home buyer second.  In reality, it was people saving me time (and their own time).

Feb 12, 2009 01:47 PM
Kathy Kooyman
Home Realty - Pella, IA

Chelsea,  Welcome to another Iowan.  I love Burlinton you have so many beautiful older homes, and the views..... I look forward to hearing more from you.  Please let me know if there is anything I can do to be of assistance.

Feb 13, 2009 11:55 AM
Anthony Stokes-Pereira
Better Homes and Gardens Rand Realty - Nanuet, NY
Realtor

hI Chelsea;

Great post and I agree that all buyers should be pre-qualified first, before to looking process. Good Luck!

Feb 14, 2009 03:24 AM