Quick Answer: Does Your Realtor Know Your Finances?

A real estate agent never needs to know your salary or your credit score and never needs to see your pay stubs, your tax returns, or your financial statements.

Only your lender will ask you such questions and request financial documents.

Does a Realtor help with financing?

Your agent can help you find a mortgage lender much easier and faster than a lender can help you find a good agent. Agents can be trusted to refer a mortgage lender with a proven record and who can close loans, while mortgage brokers might only refer agents who send them business, and this means nothing.

When should I contact my realtor?

If you are thinking about making the call (or text or email), it’s probably time… even if you aren’t planning to actually make the move for another six months or even longer. Sellers should call earlier than buyers, sometimes even a year or more before planning to make the actual move.

Do I need a real estate agent if I know what house I want?

First, you are never required to hire a real estate agent to represent you if you don’t want one. Yes, you can contact the sellers agent and have them write your offer for you, and present it to the seller. Second, having one less agent in the process does NOT necessarily mean more money for the seller.

Should you get pre approved before getting a realtor?

As a home buyer, you are not required to get pre-approved for a mortgage loan before getting a real estate agent. But it usually makes sense to get the pre-approval first, as explained below. Some real estate agents limit their involvement with home buyers who have not been pre-approved for financing.

What is the first step when you are in the market to buy a home?

First step: secure financing

That’s where you give the lender some basic paperwork — pay stubs, W2s, bank statements, and permission to pull your credit. The lender hands you a letter stating your maximum purchase price. You can use it to tour homes in your price range and make an offer if you see one you love.

How do you pick a good realtor?

How to find a real estate agent

  • Talk to a lender before you hire a real estate agent.
  • Get referrals from your network.
  • Research potential candidates.
  • Interview at least three real estate agents.
  • Request references — and check them.
  • Go with your gut.
  • Take a close look at your contract.

Can I look at a house without my Realtor?

View Homes

You can attend an open house, or call the seller or listing agent to ask for a tour. You should be clear with the listing agent that you are buying a home without an agent. If the listing agent asks you to sign any forms, have them reviewed by your attorney first.

Can I buy house without realtor?

When You Should Consider Purchasing a Home Without a Real Estate Agent. Purchasing a new home doesn’t require the assistance of a real estate agent. You can complete the purchase without the help of a realtor. You will be able to view homes and attend open houses without the company of a realtor.

Is it OK to work with two realtors?

The short answer is yes, you can work with multiple real estate agents—under certain circumstances. Working with more than one real estate agent is fine when you haven’t signed an exclusive agreement with anyone, says Adam Aguilar, a Realtor® with Reliantra in West Toluca Lake, CA.

Can you make an offer on a house without a realtor?

Make an Offer with No Contingencies

This is a risky thing to do, even if you don’t have a Realtor. However, if you really want the house and can afford to make a gamble, you should go for it. Contracts of sale for homes usually depend on financing and appraisal.

How do you buy a house for dummies?

10 Steps to Buying a Home

  1. Step 1: Start Your Research Early.
  2. Step 2: Determine How Much House You Can Afford.
  3. Step 3: Get Prequalified and Preapproved for credit for Your Mortgage.
  4. Step 4: Find the Right Real Estate Agent.
  5. Step 5: Shop for Your Home and Make an Offer.
  6. Step 6: Get a Home Inspection.

Can you make an offer on a home without pre approval?

It is critical that you be pre-approved — not pre-qualified — before you get in the car to go house hunting with your Realtor because: You can make an offer as soon as you see “the one” – Most sellers won’t even look at an offer to purchase their home that is not accompanied by a pre-approval letter.