Has the Process of Purchasing a Home Changed?

submitted: Jul 19th 2008 | by: RobertBecker | Total views: 1 | Word Count: 366 | PDF View | Print Article

If you were to listen to nothing but the media, you would think that the real estate industry has totally undergone a change. Though the credit and mortgage industry has had to make some much needed adjustments, the process that the average person goes through is the same as it always has been.

The two most consistent components are having the help of a good realtor and loan officer on your side. The realtor will help you with the hunt and contract negotiations and the loan officer will help you get qualified for the best loan possible.

If these two people have worked together before have a good relationship, it helps. Not because they might be friends but because they communicate with each other. It doesn't hurt to have two people on your side that actually talk to each other!

There are two main reasons to get pre-approved for a loan before you go looking at houses. You will want to make sure you are looking in the ballpark of what you are approved for. Finding and setting your heart on your dream house is painful once you are told you won't qualify for it. It tends to take some of the fun out of looking and can sour the process altogether.

Secondly, there's nothing more nerve wracking to a realtor than to find out they have been driving you all over the place, burning their very expensive gas only to find out that you don't qualify at this time for a loan. This is one of those times you can help out by thinking how the other guy feels.

After you have gone through the pre-approval process with the loan officer, the realtor will now take over and show you the appropriate properties within your approved amount. Once you take the time to get good people to help you through the process it will payoff; even when the press says it should be otherwise.

The process hasn't changed. As long as people need to purchase a house, there will be other people who will provide the financing. If you are approved for the financing available today; then go for it!

About the Author

You can always read the 10 steps to Nashville home ownership anytime you need to refresh the information. It's a great idea to find out what others think the hottest neighborhoods in Nashville are as well.


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