When is the RIGHT Time to Meet With a Real Estate Agent? (It's Not What You Might Expect)
Buying a home can take a lot of planning—and by a lot, we mean potentially years, depending on your situation. We don’t say this to scare you, but to help you plan strategically!
Not only do you need to save money for a down payment (which can take several years to save for, depending on what and where you want to buy), but you also need to make sure your credit score is high enough to get you the most favorable financing.
Meeting with a real estate agent (and potentially a lender) can shed light on what steps you need to take to achieving your goal of home ownership.
A real estate agent can show you what’s possible based on your financial situation and your other unique needs, and they should also be able to recommend you to a lender. This is also a great time to meet with a lender, even if you don’t need their services right away. A lender can go over each aspect of your financial situation, from your credit score to potential financing options. If your credit score isn’t in great shape, improving it can take awhile, but it’s definitely doable! Your lender can help you make a step-by-step plan to improving your credit score and saving up money.
A real estate agent can also help you figure out what type of home might be best for you, and different neighborhoods to consider.
Experienced real estate agents have seen it all, and they should be able to help and guide you to find the best type of home and location for you and your unique needs. They have a wealth of knowledge to offer—take advantage of that!
So, when is the RIGHT time to meet with a real estate agent?
We recommend that you meet up as soon as you realize you want to become a homeowner one day.
Remember: A good real estate agent and lender won’t pressure you to buy a home right away.
They should take the time to provide you the information that you need, and their job is to be available to help you when the time comes (even if it’s years in the future!).