Profile picture for user879033

When should we contact a realtor to buy a home?

We currently rent and our lease isnt up until May 2013, we have been looking at homes but we dont know when it would be appropriate to contact a realtor?
  • July 30 2012 - US
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Answers (9)

Now is a great time! The Realtor can set you up to talk to a lender and see what you guys can spend on a house or worst case you may find you have credit issues from years ago that may take a few months to fix so that you can get approved for a loan... You want a Realtor that closes deals and a Realtor that closes deals has a great lender they work with day in and day out and that usually spells magic which mean closed deals and happy buyers!

  • July 31 2012
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Profile picture for user879033
Thank You all for responding, i found these answers to be very helpful. I have initiated a possible viewing for this weekend!!
  • July 31 2012
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Because you have time, you can start interviewing Realtors. The best way is to visit open houses. You will have chance first hand to see how they interact with you and others. This gives you an opportunity to get a feel for the communication style and their knowledge of the market.

Good Luck

Linda
  • July 30 2012
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You have 9 months to go, which i think is a good time frame for you to start looking for a realtor. If you know the area where you would like to buy, start going to those open houses and meet with those realtors. It is very important to work with a realtor whom you can trust; who has knowledge and experience; who is a professional and definitely someone who will truly understand your wants and needs. How will you know if the realtor is the one? Well, it's like shopping for a wedding dress, you will know thats its the one the moment you will put it on. Same thing with a realtor, the moment you will meet one and start talking to him/her, you will either have this great chemistry and understanding, or it will go nowhere. 
So my advice to you - start looking for a realtor.
Good Luck and all the best.

http://www.assistfirsttimehomebuyers.com
  • July 30 2012
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Profile picture for hpvanc
Have you done your homework yet?  By homework I mean going to the library and reading up on the process, taking that knowledge to the internet and researching it there, then start attending a few open houses and watch for how long those properties take to sell and how much they sell for.  After you have a good idea about the process and knowledge of the market, then contact an agent.  "Buyers" agents are primarily in business to close the deal, few of them will be a good source for this education, and using them as the only or primary source of your education is at your own peril. 

You have 10 months, take your time do your homework and in 3 or 4 months talk to a lender to validate you can afford what you have decided, and then start talking to agents.
  • July 30 2012
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I typically work with buyers who are 1 1/2 to 2 years out.. I keep them informed of the maket plus meeting with them for the first time to get a feel of what type of home they might be looking to buy.. Floor Plan, locations, style is important when you are buying a home.. I like my clients to know what is expect of them before we start looking for a home.. #1 Getting finances in order. It always best to talk to a lender they can run your credit to see where your FICO score is doing..this way if you have a propblem you can fix it now..   Being on top of your credit score is best, and know what type of down payment you need to get into a home..   You have fees when buying a home, closing cost, lender fees, title fees, appraisal fee, home inspection..  I like my clients seller and buyers to know what to expect.. Being honest with them is my best policy..  

Regards and Good Luck when the time comes to look for a home..
  • July 30 2012
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Profile picture for CjTriv
I would contact someone that you can trust and knows the neighborhoods your are looking in.  But be honest with them.  Tell them you want to start getting a feel for whats out there, but will not be purchasing until your lease is up.  Again, Just be very honest and upfront with them.
  • July 30 2012
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Profile picture for Cindy Quinton
Honestly, now is the time to begin putting out feelers with friends and relatives for recommendations for realtors and mortgage professionals. Obviously anything you look at now won't likely be on the market when you are ready, but it wouldn't hurt to start hitting a few open houses, it is also a good way to begin meeting agents if you aren't getting recommendations. I think more important than finding a real estate agent right now, is finding a mortgage broker/loan officer to look at your financial situation and tell you if there is anything you need to clean up, pay off, pay down, or save up. That way you will have plenty of time to address it before May. Interview these people like you are looking for a high quality employee, because they will need to work for you.

Good luck, and I hope you find good people to help, I am currently trying to buy myself!
  • July 30 2012
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Profile picture for benwooten
The sooner the better.

Realtors come with a variety of skill-sets, education and experience levels. Take some time to interview agents. Find one that has the qualities you need and a personality that matches well with yours.

Homes that are on the market now aren't likely to be available in May, so don't give too much interest to specific homes. But if you don't know exactly where you want to be, it will be beneficial to have time to narrow your search.

Additionally, you should prequalify for a loan as soon as possible. We find today that there are many obstacles to be overcome to secure a mortgage even for buyers with excellent credit. Your prequalification will "expire" long before you're ready to actually buy, but by going through the process now you'll be better equipped to make decisions about your purchase.
  • July 30 2012
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