Delaware County, Pennsylvania Real Estate Blog

Putting The Cart Before The Horse When Buying Real Estate

Putting The Cart Before The Horse When Buying Real Estate 

You probably know this expression “putting the cart before the horse”, well this is one way to describe a buyer who wants to start seeing houses before they have been pre-approved by a lender.  Sure as a buyer you might have some idea of what you can afford, but until you talk with a professional, go over the closing costs and find out what you can afford for a mortgage, you are putting the cart before the horse.

real estate delaware county paYes looking at houses can be fun.  Open Houses are a great way to see houses on a whim.  But don’t be surprised when an agent does not want to show you properties if you are not pre-approved by a lender. 

WHY? You might ask.  Well agents need to make a living just like everyone else and if they give a lot of time to a buyer who does not know their true buying power, then that buyer is taking work hours away from that agent who could be helping other buyers with pre-approval letters and are ready to place an offer the moment they visit the house of their dreams.

“Yes, but I have to start somewhere, and I want to look at a few houses first” You might say.  Well you may get lucky and find an agent who will show you a few houses initially, but you run the risk of finding the house of your dreams and by the time you find out you can afford the house, another buyer with their ducks in a row might sneak in and buy the house before you.  Or you might find out, that house is way beyond your means.  Unfortunately, either way, a buyer tends to compare all other houses they see from that point on to that house that got away.

So be good to yourself and get that first step done by getting a pre-approval letter, by having a FREE CONSULTATION with an agent and a lender.  Once you have this letter in place it can easily be updated.

(Written by Gloria)


Putting The Cart Before The Horse When Buying Real Estate 

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Doug Durren and Gloria Todor, Realtors®, SRES® 

CENTURY 21 ABSOLUTE REALTY
512 Baltimore Pike, Springfield, PA 19064

GloriaTodor@Century21.com

Gloria 484-431-3686

610-328-4300 x131 Office

 Serving Delaware County, Montgomery County, Chester County, Pennsylvania & Surrounding Areas 

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Putting The Cart Before The Horse When Buying Real Estate
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Putting The Cart Before The Horse When Buying Real Estate You probably know this expression “putting the cart before the horse ”, well this is one way to describe a buyer who wants to start seeing houses before they have been pre… more