REALTORÂ® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
Really both is okay.
But if you find a Realtor you like and trust first, we have Lenders we work with on a regular basis, that we know and trust.
If you work with me and one of my Lenders, you are working with someone that has a track record of knowing the business well, and works hard to get you the best deal...because they want to stay as one of my preferred Lenders.
We work as a team to help you and your family to buy the right home, at the right price, with the right terms.
We are always here to help you!
As Skip suggests, it might be wise to contact a mortgage lender first to see what amount you can qualify for a loan. You do not have to use this lender for the purchase but at least it will give you a better idea of what price range you should be looking in.
A real estate agent will not only assist you in finding properties that meet your needs and desires but can also recommend lenders for you to contact.
It is best to shop around for a mortgage as lenders charge different fees and you want to find the one that will give you the best interest rate with the lowest fees.
Good luck to you!
Prudential Connecticut Realty
Keller Williams Realty
Real Estate Consultant
Have you started your home search. I specialize in the area and would appreciate the opportunity to be of assistance.
Scott Real Estate, Inc.
I hope these answers have been helpful. There are MANY incentives on new build home right now. Lennar is promoting their "everything is included" by providing washer/dryer/refrigerator and $25.00 earnest money deposit which is typically $500.00. I can help you get your Title Commitment paid for plus bonus incentives with many builders. Just let me know your preferred location and I will help you from that point. Lenders are funny, you don't want to pre qualify more than 90 days out from buying a home - send me an email and let's focus on your specific needs.
I would also ask how many listings they have and how many transactions they have closed in the last 12 months. I know some agents on here may disagree with me but I want an agent that does volume and deals with all kinds of situations when they arise.
As far as the warranty program, you can get a third party warranty done on the pre-owned and new home side of it. The builders will offer more extensive warranties on for the first 2 years and a 10 year structural warranty.
Also I do have a lender I work with that offers a 3% grant program for first time home buyers and is a big help to limit the out of pocket. These programs are hard to find and a little more difficult to originate by the lender.
Let me know if I can do anything to assist you further and thank you for the replies.
I say get the lender first. Get prequalified for a mortgage NOW. They can give you goals to shoot for, such as how much down payment will you need, how much will you need to save for closing costs. What your payment might be and how much you can spend.
We need to start looking at homes about 90 days before you want to move out of your apartment.
Normally once you find the home you want it takes about 30-60 days to close. Normally then you might want to look for a home 30 days before that.
The homes you see now for sale hopefully will be long gone by then. However looking now gives you an idea of what might be available, general areas, and neighborhoods.
We can of course recommend great lenders to you. We are very very picky about the lenders we use and recommend.
I've lived in Euless several times and know the area well.
Congratulations.....sounds like you are moving in the right direction.
The link below will show you homes available for sale in the Euless, Bedford, and Hurst areas.
Euless is in my back yard so when you do decide to get an agent, I hope I will be on your list of agents to interview.
Working with a Lender would be first choice as a consumer. I would want to know what I am qualified to
purchase and feel comfortable in looking at homes within your price range or below. This will depend on where
you want Principle, Interest, Taxes and Insurance payment to be. This is called PITI.
The Lender needs to explain the way rates are fluctuating and how their "buy down" process works (buying down a point of interest to lower your monthly payment). Depending if you going to use FHA, Conventional or VA, your Lender will explain the funds needed for Closing. This makes the home search the fun piece of the adventure! We look for homes and you are informed about your buying power. Your Lender will provide a pre-qualification letter. The difference between a pre-qualification and pre-approval is running your credit.
Now, the underwriting process is a whole different arena.
Once you have found your home and the Seller accepts the offer, your Realtor sends a copy if the executed contract to the Lender and this is when underwriting begins. This is the process where selecting your Lender is critical. I work with Lenders that are able to close on my offers before or on the Closing date. I don't like surprises during the underwriting process and home buyers become stressed and some experience "Buyers Remorse" because of the underwriting process.
Before you Realtor shows you properties that you have selected (I will send you all listings based on your personal decision as to where you want your mortgage to be) you and husband will do some drive byes and visit the neighborhood to see if it is your flavor. Select homes that appeal to you from the curb and the surrounding areas. This way you are in charge of the area in which you choose to live. In addition, once you select those properties, I would perform due diligence is researching the Seller's Disclosure to determine if there are any known problems with the property, look at the comparable market analysis for the neighborhood so I know in advance what the "window" of your offer should be based on what the inside looks like and I will also look at the current year's property tax assessment so we can figure this amount in to your monthly mortgage payment. My job is to negotiate any structural (not cosmetic) damage or inconsistencies not listed on the Seller's Disclosure. You will have a 10 day option period to have your home inspected and for me to negotiate any repairs. A lot of this is based on your offer. If the seller accepted a low offer because they are motivated to get the home off the market, they may share the expense of the repair(s) with you or pay it in full or, no concessions from the seller is a possibility. This is where a strong Buyer's agent becomes important. You will choose your inspector and if you don't know anyone, I have a list of reputable inspectors that I can offer.
I remain in contact with the Lender and Title Company once your offer is accepted. This is called an "Executed Contract". You will need earnest money and money for an option period (the seller takes the home off the market during your option period) and these monies are reimbursed to you at Closing if you follow through with the purchase of the home.
First time home buyers became my specialty when my 29 - 33 year old children started buying homes. I realized the need for an agent to walk new home buyers through the process, be available to answer questions and represent you in areas that our specialty. I always use the analogy that Doctors tend to speak in their language, Realtors do as well. This is not helpful when people are buying the most expensive investment in their life.
I remain in contact with my Buyers and I have a list of clients you may contact to ask questions about my abilities and negotiation skills.
If you would like to chat about selecting a Lender, Realtor or Inspector, feel free to call me (214) 783-6416.
If you send me your email address to firstname.lastname@example.org, I will set you up with a list of homes for you to compare items such as year built, square footage of the home(s), locations in Euless, size of yard, proximity to high ways, number of bedrooms,bath and covered garages. There will also be pictures for you to look at so you can see by photo if the home has the curb appeal you want.
I hope this information is helpful. I am available to assist you when you are ready.
It must be very exciting for you purchasing your new home. Congratulations!
I suggest that you talk to a lender first so you can know what you are qualified for and discus the typs of financing and options like closing costs, interest rates and etc. you can start looking for an agent first too since most real estate agents know lenders and can referr you to one.
I willl be happy to assist you with finding the right lender for you. I have a few lenders thst I can referr you to. I have been selling real estate for over 15 years and understand the first home buyer's meeds.
You are very wise to start the process now of looking at possible purchases. This way you get to know the market pricing as well as the areas that you prefer.When I begin with a client I introduce them to our finance officer at Prudential. Kathy has done wonders for my past buyers ! I have four finance companies that will also work with my clients to get the very best loan . I would be happy to help you with HEB properties, etc. Please feel free to contact me at email@example.com or by phone at 817-675-5273
Direct Link over 70 cities Dallas homes for sale
Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
Certainly reach out to a lender to get pre-qualified for a loan. Not only will it be useful to your agent but it will also help you in knowing you will be ready to act if you do find the perfect home right away. If you look at homes without getting pre-qualified, you may fall in love with a house only to be disappointed later because you don't qualify for it.
If you do not know of a lender, a REALTOR could make recommendations to you for you to interview for your business.
A good REALTOR will always encourage you to get pre-qualified. Much as you are taking the class to become eligible for the First Time Buyer program here in our area, you are doing the steps necessary to be ready to buy your home.
Let me know if I can help you in any way. 817-800-4780.
Let me know if you would like assistant with a good lender referral and if you are finding an agent I would be happy to assist you guys in your home buying search. I work with first time homebuyers all the time so I understand the situation you are going through. And good job on deciding to cross into the buy side of the market as it is a great time to do so. Contact me thank you!