Many people want to see houses as soon as they decide they are ready to buy. When you see houses first, it can actually make the house buying process harder.
The first thing a home buyer should do is talk to a lender. Buyers need to know how much they can qualify for, how much they feel comfortable paying, and if there are any problems they need to fix before they buy. If a home buyer starts looking at houses first, they may be looking well above what they can actually afford. This creates problems when they realize their expectations will not match reality.
Something else homeowners should consider is that just because a lender says they can qualify for a certain amount, that does not mean they should spend that much. A lender is not a financial adviser, and they should not be telling you how much house you can afford. They simply tell you how much money the bank will lend you.
This post is part of the “Ask an Agent” series on Facebook from The Ferguson Team. It was answered by the team owner, Mark Ferguson.