Viewing a single comment thread. View all comments

Brilliant-Total-8767 OP t1_iuf5owo wrote

Reply to comment by k_lena in Should I apply for mortgage pre-approval yet? by Brilliant-Total-8767

I've been told to not find a realtor until I already have the pre approval letter but I really want to start networking with one soon. I need to find out if the houses in my area are going for list price or going like 30k over list price. Once I can figure out how much over list price they're going for I can figure out how much to save before talking to a lender.

2

k_lena t1_iuf6s0k wrote

I’m not sure why someone would recommend not having an agent before you have pre-approval. A realtor can also help you find a broker. I’ve definitely leaned on my agents for referrals in the buying process - brokers, contractors, roofers, even a chimney company!

1

Brilliant-Total-8767 OP t1_iufau39 wrote

That's good news because I was a little stressed on having to get the pre approval before the realtor, it didn't make sense to do it in that order. Do you have any advice on what to look for in a realtor? I want to work with someone good

1

k_lena t1_iufcps9 wrote

I found one of mine by showing up to an open house (without an agent) where she was the listing agent. We got to talking and I liked that she was blunt, she called out issues to be aware of, and she really knew the area well. She’s just a no BS type and that worked for me. The other I literally found on Redfin as a recommended local agent and interviewed him on the phone. Asked him about how he helps first time buyers, what he offers that other agents don’t. I liked his answers and I liked that he didn’t upsell when he set up tours. He respected the top of the budget and cared about the “must have” list.

All in all, the two of them knew the areas, knew the local players (other agents) and both worked hard for me and my interests. When buying, I’ve never signed a contract with an agent to be exclusive so I could find a new one if I wanted but that might not be a thing in your area.

1

Brilliant-Total-8767 OP t1_iuff2rx wrote

Those are some good points. I'm gonna do some calling around and I don't plan on signing contracts to be exclusive. Thank you for your help

2