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Updated almost 6 years ago on . Most recent reply

User Stats

19
Posts
8
Votes
Darryl Jennings
  • Rental Property Investor
  • Winthrop, MA
8
Votes |
19
Posts

what comes first the Lender or the offer?

Darryl Jennings
  • Rental Property Investor
  • Winthrop, MA
Posted

Is it customary to find a lender before making an offer on a deal? Or Finding and analyzing a deal, look for a lender who is willing to lend, and then offer?

Most Popular Reply

User Stats

439
Posts
360
Votes
Sarah Brown
  • Real Estate Agent
  • Nampa, ID
360
Votes |
439
Posts
Sarah Brown
  • Real Estate Agent
  • Nampa, ID
Replied

What kind of purchase are you making?  Lender before deal.  Offhand I can't think of a single benefit to negotiating the deal first.  Understanding your financing can:

1. Help you select deals the fit your needs/financing

2. Help you better negotiate to your situation

3. Prevent you from having to back out several days and a lot of time in because you didn't do your homework before.

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