Should You Talk to a Lender or Realtor First?

If you’re buying a home, should you start by talking to a Realtor or a lender? The answer really depends on whether you’re a first-time homebuyer or not.

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If you want to buy a home, should you talk to your lender or Realtor first? This question is very similar to the question of which came first, the chicken or the egg, but the answer really depends on your situation.

If you are a first-time homebuyer, it might be best to talk to a Realtor first. A Realtor will be able to offer a broader perspective and walk you through all of the steps of the home buying process. If you talk to a lender, they usually have a narrower perspective. Plus, not all lenders and banks are the same, so it may be confusing to start there.

For example, when I bought my first home, the first lender I spoke to said that I didn’t even qualify to purchase a home!

First-time buyers should start out by talking to a Realtor.

The second lender told me that I qualified for a certain amount, and the third lender told me that I qualified for even more money. The third lender really gave me more options than the other two. If I had just listened to the first lender I talked to, I wouldn’t have even purchased a home!

Ultimately, first-time buyers may benefit from talking to a Realtor first. They can take you through the whole process from A to Z. They can even recommend lenders who can help you understand your financial situation.

However, if you have owned a few homes, you might want to go to the lender first. You can see how much you qualify for and determine whether or not you need to sell your current home before buying another.

If you have any other questions about the home buying process, give me a call or send me an email. I would be happy to help you!

Finding the Best Offer When Selling Your Home

If you're selling your home, don't just focus on the offer price. There are plenty of other aspects to an offer that you should look at closely before accepting one.

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If you're selling a home in San Diego, do you know how to pick the best offer?

First, you want to look at the offer price and whether it's high enough to be acceptable to you as a seller. After price, you want to look at terms. Is the closing date where you want it to be? Is it acceptable for your home? Are you going to be able to find the right place before you sell?

You might also want to consider if the buyer is asking for closing costs and if so, how much? Are they asking for a ridiculous amount? Price and terms are really what you need to look for.

It's not just about price; terms should suit you too.

Additionally, look at the good faith deposit. Is it high enough and strong enough? Is the down payment strong enough to your liking? You also want to look at whether the buyer is asking for any repairs on the home, like termite damage or an allowance for new paint or carpet.

If you have any questions about choosing an offer or you are looking to buy, sell, or invest in real estate, give me a call or send me an email soon. I'd love to hear from you!