I received a referral this week from a first time home buyer I'm currently working with and some very good questions...
Who should her friend contact first - Me or the loan officer that I referred her to? This first time home buyer already knew from working with me that her friend shouldn't actually look at homes until she finds out what her buying power is and what type of loan she qualifies for first.
You see I ask all Lake Mary home buyers to get Pre-Qualified for a mortgage before we actually go out to look for a home. Getting pre-qualified for a mortgage is the first step down the road to home ownership and it shouldn't be past by just to see what's out there first.
Many people think that using mortgage payment calculators are a sufficient way to establish a price range of homes that they can purchase (affordability of payments is their primary concern), but it is much more complicated than that, they need a professional mortgage consultation to become informed of the true costs of home ownership and the requirements of qualifiacation before they find the home of their dreams.
This brings me back to the Question - Which Comes First... The Chicken or The Egg?
Both... I recommend that home buyers talk with the loan officer and their Lake Mary REALTOR at the same time. Their REALTOR and mortgage professional will work as a team to help them achieve thier goals. The best way to reach that goal is to start the communication between these advisors as soon as possible, good communication is the key to purchasing a home in Lake Mary, FL or anywhere for that matter.
Lake Mary Florida Real Estate
Debbie Summers, REALTOR, ALHS, ePRO / The Summers Team
407-758-1020 or Debbie@MoveToLakeMary.com
Search for Homes For Sale in Lake Mary & Seminole County, Florida
Debbie,
I agree. I don't want to let them out of my site. The teamwork concept works well for me too.
Rich
Excellent answer to this question! :)
That is how I handle most of my clients first time buyers or not, It's important for you to know where you stand before you shop. Good blog.