• We have all heard that buying a home is often the largest purchase most of us will ever make.... True.
  • Buying a home is a privledge.... True
  • It cost money to buy a home even before we get to the closing table....True

Most of us have been where you are right now, while every transaction is unique the process that everyone has to follow is pretty much the same .

The first step is you should contact a lender to get a pre-qualification letter or better yet a preapproval letter.  Your going to learn alot in just this first step.....like do you have enough money saved to buy a home,(there are fees and expenses even before we get to the closing table), the type of financing (FHA, Conventional, USDA, or a host of other options), the price range you should be looking in. 

Diffrent types of financing have different requirements, this letter helps your REALTOR by letting them know the type of financing and what possible pitfalls can arise during a transaction or if the property even qualifies for the financing you are doing. 

Example:  (You need to go USDA financing but you don't know that yet because you didn't get prequalified) You and your REALTOR go out and look at 20 properties you narrow it down to 3 you really like, you go back to the office write an offer on one, you contact a lender to get qualified and guess what.....they are not in your price range or the property is not in a USDA approved area or the property condition is so bad a bank won't touch it.  You just learned lesson 1 of the home buying process and your probably questioning your REALTORS competency.

Talking with a lender, (preferably a local lender that you can actually go see if necessary) is by far in your best interest.  This is not a time for unwelcome surprises, this is just the first step in the process and we want you to enter the marketplace prepared to complete a successful transaction.

Please feel free to post questions and comments below and If I don't have an answer someone will.

My favorite quote is "Preparedness + Opportunity = Success"