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The Chicken or the Egg? Should you get a Realtor or a Lender first?


Chicken - Egg (Photo courtesy of essie82)This really is the Chicken or the Egg scenario. Do you get a Realtor and see if you like what kind of homes are even in the price range you are thinking before finding a lender or do you find a lender to see what you qualify for before you even start looking? 

Here are my thoughts on this and these are only my thoughts. If you have a relationship already established with a lender or a Realtor, then go with them first. Here is the reason I say that. If you have a relationship with a lender, then they may be able to give you some great advice with a great agent they know. Now, the same can be said about a Realtor that you have a relationship with.

You see, both of these fields require networking with each other and both fields have worked with ones they like and they don’t like. So, if you have a relationship with only one of the two, then go to them and ask them for their opinion. I bet they know some great people in the other field. 

But, if you don’t have a relationship with either, check the internet and find a Realtor that is knowledgeable in your area and that you like. Since you are going to be working closely with this person for the next few months, and once you have chosen a Realtor, ask them who they suggest for a lender. I guarantee you will want to use someone they recommend rather than finding someone they have never worked with before.

If you are in the market for a new home and would like someone to guide you through the process of that home purchase, please feel free to give me a call. I have a great team in place that can help you buy that home and make it feel comfortable to buy rather than ending up having second thoughts throughout the whole process.

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Todd Clark - Broker / Sales Coach
Palazzo Realty Group
Phone: (503)524-9494
Fax: (503)622-8739

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