The reason I say that this person needs an agent is because of the way the question was presented and the manner in which it was presented. It shows a lack of education about the process, An agent could really help this person right now.
Your answers show an ignorance of the process and you should not answer questions.
I think the real question is, should this buyer be working with an agent? The answer is yes because He needs someone to guide him through the process.
David, the question was simple
"If i am a first time buyer what kind of deal can you give me?"
A real estate agent CANNOT give any kind of deal, so therefor take off your real estate hat
As a mortgage "professional" are there any downpayment assistance programs available??
No there are not!
So??? what deal?
There is nothing difficult about getting a loan! Dude, Sub Prime fraud is over, either you qualify or your dont!
No one needs an agent UNTIL the bank says you can buy a house
There ARE NO MORE DEALS!
thats the reason why the nation is in the crapper!
Either you can repay the loan or you cant
Sell houses AFTER your client is qualified!
1) What's your credit?
2) How much cash do you have?
3) What kind of job do you have and how long have you been working?
Your best deal is the one you make with yourself...understand what you want, how mch you can afford then ask the question
Always negotiate from a position of strength. A buyer's strength is the muscle of credit, and the endurance of cash.
I will have to agree with Lynn, the process is the same for any buyer. Your first step is to get pre approved by contacting the lender of your choice. This can, many times, be done over the phone. The purpose of getting pre approved is two fold: it tells you how much you can spend on a home and, once you make an offer on a home, it lets the sellers know that you are serious.
As far as buyer representation goes, it costs you nothing! I would be more than happy to help you find your first home in the Monroe area.
CENTURY 21 Shackelford French
111 Crosley St.
West Monroe, LA 71291
318-323-2710 ext 124
NOW is great time purchase. You receive annual tax benefits