What is Your Scottsdale Home Buying Power?
Posted by Judy Orr on
The first thing you need to do before ever contacting a real estate agent to start showing you homes is to find out what you can actually afford. Many agents won't take you out until you can show them a pre-qualification letter from a lender. And sometimes if the agent has never heard of that lender, or it's an online lender that isn't trustworthy, the agent will ask you to get pre-qualified by their preferred lender.
Then there are some agents that will show you a couple of homes to get to meet you, but once you've seen some they will ask you to get pre-qualified before they show you any more. I have done that and some of those buyers, who thought they were fully qualified, ended up falling in love with a home I showed them, only to find out…
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