Where do you begin?
Doing research on how to buy a home is itself an investment-in time. There are plenty of books and online information for those who like to have a good idea beforehand what the buying process intails.
Which comes first the chicken or the egg, the real estate agent or the lender? It depends on you? Some buyers will get prequalified when they know they are ready to buy. Many people search the internet for the property they want and work with the agent who has the home for sale. You will need to make the decision, do I work with someone I don't know or someone I know and trust. Not all agents are the same.
I suggest you find a Realtor that will work with you patiently and explain the transaction process to you every step of the way. Realtors are people each with their own unique qualities. Make sure you work with the Realtor that has your best interest in mind and not just trying to make a sale. Ask around, friends, relatives or business associates for a referral don't be afraid to talk with several Realtors before you choose the right one to work for you.
Secondly getting pre-qualified should be at the top of the list. You will need to know exactly what price range you will qualify for. We recommend our lending agent Bob Veldcamp, with Murphy home Loans, our in house lending company. Bob is willing to work with you if you want to compare what other lenders can offer you, apples to apples.
A good realtor will keep you up to date with what's going on in the market where you want to purchase and contact you as soon as any new homes hit the market and a good lender will try to get the best possible loan at the time of your purchase. Locking in a loan rate is a key to a quality loan and a good lender will inform you when the best time to lock in you loan rate will be.
Remember, you the buyer are the most importantt person in the transaction, nothing happens without you, without you the seller has no sale. All real estate agents and lenders are working for you so if at any time something doesn't make sense make sure you get a complete explanation so you know exactly what to expect.
I look forward to working with you!
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