Starting your house search before your financially ready?

aaronag02

Joined: Mar 15, 2006

Posts: 515

User Profile Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

In the current environment is there any value in talking to a realtor or looking at mortgages before your financally ready to purchases/sale a house?

Between homeschooling and work from home our 3,000 sqft is getting to small for 8 people home every day. Financially however we're 4 to16 months out till we can afford something greater then 4250 sqft in Tomball/The Woodlands in the current market. Given that the market is likely to change over that long of a time period, the question is at what point in the search does it make sense to start talking to a realtor and looking at mortgage options.

Red Pear Realty

Joined: Aug 2, 2018

Posts: 4,354

User Profile

Private Message

How long do you want to ignore this user?

24 hours One week Permanently Cancel

2:19p, 11/26/22

Sponsor

AG

The best thing you can do right now is start to understand the market so that when you are ready, you are really ready. I'd be happy to set you up on an auto email blast and introduce you to some good lenders who can help you understand what your best mortgage options are. For the auto blast, you tell me your basic wants/needs, it takes me three minutes to set up on HAR, and then you will get emailed every new listing as it hits the market. This does two things:

1. It takes the stress out of the process such that you don't have to obsess on HAR (and potentially miss good listings or compromise and blow your budget);

2. After you've seen a bunch of properties, you get a feel for what you like and don't like, and what is "fair" pricing. And after a while, you find exactly what you want at a great price. And then it's time to act quickly. Which is why you already need to have talked with lenders.

My cell and email are in my profile. Feel free to shoot me a text or email and I can help you out. Also, we split our commissions with buyers, and that's an added bonus.

Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty

9

Aggiehunter34

Joined: Apr 5, 2008

Posts: 3,979

User Profile

Private Message

Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

In reply to aaronag02 • 8:26a, 11/28/22

S

aaronag02 said:
In the current environment is there any value in talking to a realtor or looking at mortgages before your financally ready to purchases/sale a house?

Between homeschooling and work from home our 3,000 sqft is getting to small for 8 people home every day. Financially however we're 4 to16 months out till we can afford something greater then 4250 sqft in Tomball/The Woodlands in the current market. Given that the market is likely to change over that long of a time period, the question is at what point in the search does it make sense to start talking to a realtor and looking at mortgage options.

As a mortgage lender myself, I much prefer my clients talk to me earlier in cases like yours. It sounds like you have a plan, but a lender will be able to give you some direction and look at any potential ways to boost your credit for a higher score and better rate. When you wait till the last minute, it is not as easy to boost a score and can cost quite a bit of money. You may already have good credit, but there are other things to look at and help you plan such as down payment, current market conditions, etc. I would be happy to help in any way I can and guide you through the process.

Brian
903-574-0960 cell
bbailey@gomycity.com

https://mycity.mortgage/brian-bailey/