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!

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