Home Buying in 18052>Question Details

Christinapeu…, Home Buyer in Whitehall, PA

We have been throwing around the idea of buying our first home. What is the first step? Do we go see someone? I know credit score is a big part of

Asked by Christinapeugh, Whitehall, PA Sun Aug 24, 2014

the process so we have been trying to raise that. But what else?

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Be aware that a mortgage pre approval letter is necessary to determine your price range and for any offers to be taken seriously, therefore begin by visiting with any licensed loan officer; also choose an agent to work with, he/she will be your best guide.
1 vote Thank Flag Link Mon Aug 25, 2014
Getting a pre approval for your mortgage is the first step. If your credit score is not as good as it should be, the lender will tell you what needs to be done to improve it. Once you have the pre approval you will know exactly how much you can afford to spend on a home. The next step, then, is to find a good real estate agent to work with. Follow the agent's advice and you will be in your first home before you know it. Good Luck!
1 vote Thank Flag Link Mon Aug 25, 2014
The first step for a new home buyer is to decide what you want, where you want to live and what lifestyle you want to lead. The next step is to drive the areas you like and feel comfortable in. Go to the internet and do your research to get a better feel for the prices of homes in those areas. And then, and only after you have done the aforementioned, find a Realtor who you feel comfortable with. As he/she can guide you through the process such as introducing you to lenders, if that is what you want.
0 votes Thank Flag Link Thu Jan 15, 2015
Yes you should find an agent who will sit down with you to find out your needs and to give you an overview of the process. Before you can actually see homes you will need to consult with a mortgage person to find out just how much money a bank would be willing to lend you.
0 votes Thank Flag Link Tue Jan 13, 2015
Interview a few Realtors or Brokers and find someone you feel comfortable working with. Talk to a few different people and ask what the process is and have all your questions answered. Also find a lender and get a pre-qualification. This will help you find out what your monthly payments will be and what you can afford.
Good luck to you
0 votes Thank Flag Link Tue Jan 13, 2015
Hey Christina,

Congratulations!!! You have taken the Biggest and Most Difficult Step. I would suggest finding a Lender that you TRUST and can work with. Be very Protective of your Credit. Do Not let everyone run it as that will reduce your score. Tell them flat out NO! Until You decide with whom you would like to work.

Feel free to call. I work with a lot of first time Buyers.

Nicolette Wayand
0 votes Thank Flag Link Mon Aug 25, 2014
You've got a couple of options, the first would be to speak with a local lender and ask to get pre-approved for a mortgage before then sitting down with a Realtor. The second (and this is really my preferred course of action) would be to start by locating a good experienced buyer broker. I've attached a link below that will explain what you should be looking for. Then I might suggest clicking on the Find an Agent tab that's in the green bar at the top of every Trulia page and entering in the zip code of where you're most interested in buying which will give you a great list from which you can start making calls and interviewing Realtors. When you've found one or two you think you'd like to work with; make an appointment to sit down with them and have a conversation. They should explain to you the process and the best onew will give you samples of all the paperwork you'll encounter along the way. Ask them for a short list of their preferred local lenders so that then you can go and start the pre-approval process.

Good Luck and Happy House Hunting.
0 votes Thank Flag Link Mon Aug 25, 2014
Christina,
You need two good pros, an agent and a lender. When you find the first one, they may help you find the other.
Some lenders can assist with credit repair & improvement. There are some steps people take that actually hurt their credit, so be careful doing this without advice.
Once you find your pros they will guide you through the process. Best of luck.
0 votes Thank Flag Link Sun Aug 24, 2014
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