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lastly, realtors and the game
Concerning 'Prepproval"
It's a written statement by the Loan Officer that says you have been checked and are capable of buying the house in question.
It makes the realtors all warm and fuzzy that they are dealing with a serious buyer and not a deadbeat. This can be a problem if the buyer doesn't actually qualify to buy the home he just agreed to buy.
for lenders, all I can say is stay the hell away from Ameriquest, Household, Beneficial retail. If they claim to be from one of those lenders directly, RUN.
Realtor, talk to someone who actually has listings for sale, remember that your agent has to represent YOU, the buyer, not the seller. They should return your calls promptly and do more than simply beat you into paying full price for the home.
Trust your gut feelings, if you feel like you're being ignored and pressured by your realtor, you're probably right. Find someone who will work to represent your best interests, not just someone who wants you to buy ASAP.
The end.
rjp
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In the movies only bad guys sleep in king size beds.
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