- Select a lender and make a loan application. Your lender will tell you what loan amount you qualify for and what you will need for down payment and closing costs. You may not want to buy as much house as you qualify for and now you have the information to decide what price range you want to look in for a new home. If you want to interview more than one lender you should obtain a “good faith estimate” from each lender you interview. The “good faith estimate” is the only accurate way to compare each lender’s products. Once you have settled on a lender they will prepare a pre-qualification letter for you. Before the pre-qualification letter is issued the lender will have verified your employment, credit, income, debt and cash to close.
- Select a Realtor. You may already have a Realtor in mind or you may want to interview more than one. Once you find a Realtor you are comfortable with and feel confident that he/she will work with you to find the home you are looking for you will sign a “buyer broker contract”.
- You will work with your Realtor to choose the criteria that is important to you in a new home. Your Realtor will search the Multiple Listing Service (MLS) to find homes that match your criteria. Sometimes the perfect home is out there just waiting for you and you will find it as you go with your Realtor to view the homes that match your criteria. Sometimes the perfect home is not on the market at the time you start to look. In that case your Realtor will set up a search in his/her MLS system so that you and your Realtor will be notified as soon as a home that matches your criteria becomes available. Once you find the home you wish to purchase it is time for the offer. We will get to that in Part 2.
Laure & Steve
Sr. Vice President/Broker
- GRI: Graduate REALTOR® Institute
- 27 Years Experience
Direct: (406) 698-4809
Company Info
Prudential Flogerg Realtors
Avg. Sales Price: $193,580
Avg. Days on Market: 74
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