Oftentimes, buyers begin their property search before they know how much they can afford and whether a bank will finance their purchase. However, it is best to get a bank pre-approval for a mortgage before one starts searching.
Sellers and their brokers will want to know that the buyer is qualified to purchase their apartment before they begin negotiations.
Pre-approval only takes one or two days to obtain, so it is best to do this step first.
THE NEXT STEP IS TO DETERMINE THE TYPE OF PROPERTY TO BUY.