When it comes to buying a property, there is the age-old question. Who to call first? You may be eyeing up some fantastic Scottsdale homes for sale, but who should you contact first? It can be hard to decide whether to ring up your lender or whether it is wiser to consult with a real estate agent first. The truth is that there are various advantages of both options that need to be weighed up. Our years of experience as real estate agents mean that we can give the best reasons for deciding on who to call first. We strive to help buyers make the right decision that is suitable for them. Have a look below at the most important factors to take into account.
Getting Pre-Approved
The biggest advantage of talking with a lender is that they can provide a clear idea on what you can afford. You can even get pre-approved which gives an accurate indication as to the amount of mortgage that you are likely to get. This means you can be specific in your home search, and it gives a clear perspective on affordability. However, you can also find an agent first, and then get pre-approved before the search begins. Lenders can talk to you about specific finances, and you can also get an indication as to the type of paperwork required for a mortgage.
Reliable Real Estate Agents Can Find Suitable Lenders
One key advantage of contacting a real estate agent is that they can get to know your requirements, and recommend a reliable lender in the area. They have years of experience in the local real estate market, which means they will know which lenders that they may have worked with. Agents tend to recommend lenders that are experienced and capable of closing fast. This can mean you end up with a faster process as a result. An agent can also help you find the right type of loan to suit your individual circumstances.
An Agent Can Tell You The Optimal Time to Buy
Timing is everything in the real estate market; which is why it can be highly advantageous to seek the advice of an agent on when to buy. They will be aware of seasonality trends within the local area, and this can help you secure the best price. They can also help you discuss the various pros and cons of certain neighborhoods, which can help to focus your search. Your real estate agent will be the person guiding you throughout the entire process, which means it is good to get a head-start and to be prepared. Pick an agent that has the best experience, and one with a proven sales history in the local area.
You should now have a better idea of who to contact first. It can be a good idea to get in touch with a lender to get a better idea of affordability, however, a real estate agent offers specific guidance, and they can even give recommendations for lenders. The mortgage is just one aspect of the buying process, and the real estate agent can take control of the entire process. Their knowledge of the local real estate market can be crucial throughout the buying process. It is essential to rely on a real estate agent in Scottsdale that has years of experience, and the best knowledge of the local area.