Once you decide to enter the Boston area home buying market you’ll be faced with a number of decisions. None will be more important than the choices you make when it comes to finding a lender and a real estate agent. These and other professionals will make the home buying process more efficient and, ultimately, more enjoyable. So, what should you look for in the pros you need?
Your Boston Area Home Buying Team
Success is a team effort. And choosing the right team can be critical in the home buying process. First, you’ll need a mortgage lending professional. In today’s market, it’s a good idea to get pre-approved for a loan before you spend time searching for a home to buy.
Pre-approval will help you determine the amount you can borrow and the price range of the home you can buy. Interview several mortgage lenders. Find out how much experience they have. How long have they been in the mortgage business? What are their areas of specialty? How familiar are they with the various lending programs available –– especially for first-time buyers or for buyers with small down payments.
Next, begin the process of hiring a real estate agent. Again, meet with several and interview them. Discuss your needs and desires, and find out their level of knowledge and experience in the marketplace or neighborhoods you’re interested in. Ask for references and contact them. Check their reviews on various real estate affiliated websites. Lastly, choose the agent with whom you feel most comfortable. The right combination of experience, knowledge, commitment and personal involvement should be your ultimate goal for this key teammate.
Remember, these two team members are here to help, and they work for you. So ask questions if you don’t understand something. You’ll feel greater confidence as you become more knowledgeable and more familiar with the Boston area home buying process.