Going to be looking at my first property tomorrow, any advice??

[Evelize Ramos]

Hi,

Tomorrow is a big day for me! I’m going to be looking at my first property! I’ve been attending open houses to try building relationships with realtors and getting use to the idea of looking at houses.

Any other advice that can help me or encouraging words? Not to mention, I look like I’m 16 so it always scares me that folks won’t take me serious. Also, I’ve noticed that some realtors don’t want to meet with me because I don’t have my proof of fund letters but how can I obtain that if I don’t know what kind of deal I’m looking at? Would a letter from a lender saying they will lend me the money I need be enough?

Thanks!

[Jonathan Greene]

You definitely need to get a pre-approval in place as it lends credibility to the process. I am surprised an agent is taking you out without one. A pre-approval lets you know your top loan amount and then you can judge how far under that you want to be. You also have to account for closing costs, inspections, attorneys, etc.

When inside the home, since you are so new you won't know what knob and tube is or a lot of other things, so ask A LOT of questions to see how much the agent knows. This will help you see if they are the right agent for you in the future. But go get that pre-approval ASAP.