Should you talk to a lender first or a real estate agent?
Start with a Mortgage Lender to make budgeting easier.
When it comes to buying a home, it’s natural to think of selecting a Realtor first. According to research from the National Association of Realtors, 44% of homebuyers begin by looking at properties, while another 17% goes directly to a real estate agent.
Should I 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.
When should you start talking to a realtor?
Once you are about 4-6 months from your target closing date it is time to meet with your agent, more clearly define what you are looking for and start actively looking… also get your financing pre-approval. Average time to find a home is about 3 months, plus another 1-2 months from purchase agreement to closing.
Is it better to get a home loan through your bank?
Unlike a mortgage “broker,” the mortgage company still closes and funds the loan directly. Because these companies only service mortgage loans, they can streamline their process much better than a bank. This is a great advantage, meaning your loan can close quicker.
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.
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.