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Im preparing to buy my first house. What's the first thing I should do?
Wondering about the order in which I should proceed.
July 12, 2019
6:57 pm
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Friends of mine told me that I should get pre-approved first and then start looking for a place.  It makes sense, doesnt it?

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Bo Kauffmann
July 13, 2019
7:27 am
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In order to buy a home, yes, you will need to be pre-approved by a lender.  About 10 yrs ago, the conventional wisdom was to first, get pre-approved, then find a REALTOR and start looking.

However, buyers would simply go to their local bank, wherever they had their savings accounts, to get that pre-approval.

That bank may not have been the best place to get a mortgage, and buyers would end up switching their mortgage pre-approval somewhere else.

So, here is a better solution:  Find a good real estate agent first, because he or she will be involved in every step of the process.  That agent may also know the best lender for your specific needs:  it could be a bank, or it could be a mortgage broker or other source.

For more detailed info on the buying process, check this out:

https://blog.winnipeghomefinde…..ers-guide/

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Listing Agent and Accredited Home Buyer Specialist

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Buying or Selling in Winnipeg? Bo Knows Real Estate!

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