How to Find a Realtor & Lender

A guide on finding the best real estate agent & mortgage lender to partner with for your first home purchase

How to Find a Realtor

Finding a reliable real estate agent who can guide you through the process of buying your first home can be a daunting task. Here are some steps you can follow to find a good real estate agent:

  1. Research: Start by doing some research on real estate agents in your area. You can check online reviews, talk to family and friends who have recently bought a home, or look at advertisements.

  2. Interview: After shortlisting some agents, arrange to meet them for an interview. Ask them about their experience, qualifications, and track record. You can also ask for references from past clients.

  3. Communication: Pay attention to how the agent communicates with you. Are they patient and willing to answer your questions? Do they respond to your calls and emails promptly?

  4. Area expertise: Look for an agent who has expertise in the area where you want to buy a home. They should be able to provide you with information about the local market, schools, and community.

  5. Compatibility: It's important to find an agent who is compatible with your personality and communication style. You should feel comfortable asking questions and sharing your concerns with them.

  6. Licensing: Ensure that the agent is licensed by checking with the relevant state licensing board. You can also check if they have any disciplinary actions against them.

  7. Fees: Finally, ask the agent about their fees and commissions. Most agents work on a commission basis, which is typically a percentage of the sale price of the home.

  8. Hire: Select the best real estate agent based on the process outlined above and complete the necessary documentation to formally hire a real estate agent for your first home purchase.

By following these steps, you can find a real estate agent who can help you navigate the process of buying your first home with confidence.

How to Find a Mortgage Lender

Finding a reputable mortgage lender that fits your needs as a first-time homebuyer involves several steps:

  1. Research mortgage lenders: Start by researching different mortgage lenders in your area or nationally. You can find lenders through online search engines, referrals from friends and family, or by contacting a local real estate agent.

  2. Check lender reviews: Read online reviews of different mortgage lenders to get an idea of their reputation. You can check websites like the Better Business Bureau, Consumer Financial Protection Bureau, or Google Reviews to find out what previous customers have to say about their experiences.

  3. Compare mortgage rates: Once you have identified several lenders, compare their mortgage rates and loan terms. You can use online mortgage calculators to help you estimate your monthly payments and total cost of the loan.

  4. Check eligibility requirements: Review the eligibility requirements for each lender and determine if you meet their criteria. Some lenders may require a higher credit score, larger down payment, or other qualifications.

  5. Ask about fees: Ask each lender about their fees, including origination fees, application fees, appraisal fees, and closing costs. Be sure to understand what each fee covers and how much you will be expected to pay.

  6. Talk to lenders: Schedule a consultation or phone call with several lenders to discuss their mortgage products, rates, and terms. Ask questions and make sure you understand all the terms and conditions of the loan.

  7. Get pre-approved: Once you have identified a lender that fits your needs, get pre-approved for a mortgage. This will provide you with an estimate of how much you can borrow and make the home-buying process smoother and faster.

By following these steps, you can find a reputable mortgage lender that offers a product that meets your needs as a first-time homebuyer. Be sure to do your research, compare lenders, ask questions, and understand all the terms and conditions of the loan before making a final decision.

Step 1: Research Realtors in Your Area

Researching a real estate agent to hire for your first home purchase can be overwhelming, but it's an essential step to ensure a smooth and successful home buying experience. Here are some tips to help you research and find a reliable real estate agent:

  1. Use online resources: Start by using online resources to find real estate agents in your area. Many websites, such as Zillow or Realtor.com, have directories of agents that you can search by location. You can also check local newspapers and magazines for advertisements.

  2. Get referrals: Ask friends, family members, or colleagues who have recently purchased a home for recommendations. They may be able to recommend an agent they had a positive experience working with and provide you with valuable insights into their experience.

  3. Check online reviews: Look up the agent's reviews on Google, Yelp, or other review sites. Reading reviews from past clients can give you a sense of the agent's professionalism, communication skills, and overall experience.

  4. Research their experience: Look for an agent who has experience working with first-time homebuyers. Ask about their experience level, how many homes they have helped clients purchase in the past year, and what their success rate is in finding the right homes for their clients.

  5. Evaluate their communication skills: One of the most important qualities of a good real estate agent is their communication skills. They should be responsive, patient, and willing to answer your questions. Call or email the agent to see how quickly they respond and how helpful they are in their response.

  6. Look for expertise in your desired area: Choose an agent who has expertise in the area where you want to buy a home. They should be knowledgeable about the local real estate market, including recent sales, market trends, and the availability of properties that match your criteria.

  7. Check their licensing: Before you hire a real estate agent, it's essential to verify that they are licensed. You can check with the relevant state licensing board to ensure that the agent has a valid license. You can also check if the agent has any disciplinary actions against them.

  8. Ask for references: Ask the agent for references from past clients. Talking to their former clients can give you a sense of their professionalism, communication skills, and overall experience.

By following these tips, you can research and find a reliable real estate agent who can guide you through the process of buying your first home with confidence. Don't be afraid to ask questions and take your time to find the right agent for you.

Step 2: Interview Shortlisted Realtors

When buying your first home, choosing the right real estate agent can be a crucial decision. Therefore, it's essential to take the time to interview potential agents to ensure that you select the right one for you. Here are some tips on how to interview real estate agents as a first-time homebuyer:

  1. Schedule a meeting: Once you have found potential agents, set up a face-to-face meeting with each of them. This meeting can be in-person, over the phone, or via video conferencing, depending on your preference and location.

  2. Prepare a list of questions: Before the meeting, prepare a list of questions that you want to ask the agent. Consider questions like: "How many homes have you sold in the last year?", "What sets you apart from other agents?", "What is your commission rate?", "How will you communicate with me throughout the buying process?", and "What is your experience with first-time homebuyers?"

  3. Ask about their experience: One of the most crucial factors when choosing a real estate agent is their experience. Ask the agent about their experience level and the number of homes they have sold in the last year. You want to choose an agent with experience in the type of home you are looking to buy, in your preferred location, and with a proven track record of helping clients buy homes.

  4. Evaluate their communication skills: Communication is a vital aspect of any business relationship, including with a real estate agent. Ask the agent how they will keep you informed throughout the buying process and how often you can expect to hear from them. Make sure that you feel comfortable with their communication style and frequency.

  5. Discuss your budget and needs: Be upfront and honest with the agent about your budget and the features you are looking for in a home. A good agent will listen to your needs and work with you to find homes that meet your criteria and budget.

  6. Inquire about their marketing strategy: Ask the agent about their marketing strategy for selling homes. Make sure they have a plan in place to get your home sold quickly and for the best possible price.

  7. Ask for references: Ask the agent for references from past clients. Talking to their former clients can give you a sense of their professionalism, communication skills, and overall experience.

  8. Trust your instincts: Ultimately, it's essential to choose an agent that you feel comfortable working with and trust. Trust your instincts and choose an agent who listens to your needs and concerns and who you feel confident will help you find the right home.

By interviewing potential agents and asking these important questions, you can find a real estate agent who understands your needs, communicates well, and has the experience to guide you through the home buying process. Take your time and choose the right agent for you.

Step 3: Assess Communication Skills

Effective communication is key to a successful relationship with your realtor. When assessing a realtor's communication skills, pay attention to how promptly they respond to your calls or emails. Are they available to meet with you when it's convenient for you, or do you have to work around their schedule? During your conversations, listen to the realtor's tone and assess whether they are actively listening to your needs and concerns. Are they patient, respectful, and empathetic? A good realtor should be able to communicate with you in a way that makes you feel comfortable, informed, and supported throughout the home buying process. If you feel that the realtor is not communicating effectively or is not meeting your expectations, it may be time to look for a new realtor.

Step 4: Confirm the Agents' Local Expertise

When looking to buy a home, it's crucial to find a real estate agent who has local expertise in the areas where you want to buy. Here are some tips to help you determine if a real estate agent has local expertise:

  1. Ask about their experience: When interviewing potential real estate agents, ask them about their experience in the local area. How many homes have they sold in the area? How long have they been working in the area? An experienced agent will be able to provide you with detailed knowledge about the local market, including trends, pricing, and the availability of homes.

  2. Check their online presence: A real estate agent with local expertise should have an online presence that reflects their knowledge of the area. Check their website, social media pages, and online reviews for mentions of specific neighborhoods, schools, and local amenities. Do they have a blog or other content that focuses on the local market?

  3. Ask about the neighborhood: When discussing your home buying needs with the agent, ask them about the neighborhoods where you are interested in buying. A real estate agent with local expertise should be able to provide you with information about the schools, parks, restaurants, and other amenities in the area. They should also be able to tell you about any upcoming development plans or changes that could impact the area's desirability.

  4. Look for signs of engagement: A real estate agent with local expertise will be actively involved in the local community. Look for signs that the agent is engaged with the community, such as sponsoring local events, attending local meetings, or volunteering for local causes. An agent who is involved in the community is more likely to have a deeper understanding of the local market.

  5. Ask for referrals: Finally, ask the real estate agent for referrals from past clients who have purchased homes in the area. Talking to former clients can provide valuable insight into the agent's level of expertise, professionalism, and success in helping clients buy homes in the local market.

By using these tips, you can determine whether a real estate agent has the local expertise necessary to help you find the right home in the area where you want to live.

Step 5: Test Compatibility with Real Estate Agent

Compatibility with your real estate agent is essential, especially for first-time homebuyers who may be unfamiliar with the buying process. Here are some tips on how to determine if a real estate agent is compatible with you as a client:

  1. Communication Style: Determine if the real estate agent's communication style aligns with your preferred mode of communication. Do you prefer regular phone calls or email updates? Do you want frequent check-ins or prefer to be contacted only when there are updates? An agent who is responsive and communicates in a manner that suits your style will make the home buying process more comfortable and efficient.

  2. Shared Values: Consider whether the real estate agent's values align with yours. Do they prioritize transparency, honesty, and ethical business practices? Do they share your sense of urgency or are they more laid-back? An agent who shares your values is more likely to advocate for you and make sure your needs are met throughout the home buying process.

  3. Knowledge of Your Needs: An agent who takes the time to listen to your needs and understand your preferences is more likely to be compatible with you. They should be able to identify the features, location, and price range that meets your requirements. They should also be able to offer recommendations based on their experience and expertise.

  4. Personality: The personality of your real estate agent can make a significant impact on your buying experience. Consider whether the agent is friendly, approachable, and easy to work with. Do they have a positive attitude and can they keep you motivated throughout the process?

  5. Patience: Homebuying can be a long and stressful process, especially for first-time homebuyers. It's important to work with an agent who is patient and can explain the process and answer all your questions along the way.

By considering these factors, you can determine if a real estate agent is compatible with you as a client. Remember, you will be spending a significant amount of time with your agent, so it's essential to find someone you can trust and work well with to achieve your home buying goals.

Step 6: Verify Real Estate Agent's Licensing

In Michigan, real estate agents are required to hold a real estate salesperson license, which is regulated by the Michigan Department of Licensing and Regulatory Affairs (LARA). Here are the steps to confirm your real estate agent is fully licensed in the state of Michigan:

  1. Check LARA's website: LARA maintains a website where you can search for licensed real estate professionals in Michigan. Visit the website and search for your agent by name or license number. The website will show the agent's license status, expiration date, and any disciplinary actions taken against them.

  2. Verify the license type: In Michigan, real estate agents can hold either a salesperson license or a broker license. Make sure your agent holds a salesperson license, as brokers have additional education and experience requirements.

  3. Check for additional credentials: In addition to their salesperson license, real estate agents may hold additional certifications or designations. These can indicate specialized training or expertise in certain areas of the industry. Check with the agent to see if they hold any additional credentials.

  4. Verify the license expiration date: Real estate licenses in Michigan must be renewed every three years. Make sure your agent's license is current and not expired.

  5. Ask for proof of license: If you're still unsure, ask the agent for proof of their license. They should be able to provide a copy of their license certificate, which will show their license number, expiration date, and other important information.

It's important to work with a licensed real estate agent to ensure they are held to professional standards and ethical practices. By following these steps, you can confirm that your real estate agent is fully licensed in the state of Michigan.

Step 7: Discuss Fees & Commission

When hiring a real estate agent, it's important to discuss their fees and commission structure upfront. Here are some questions you should ask your agent:

  1. What is your commission rate? Real estate agents typically charge a commission fee, which is a percentage of the sale price of the home. The average commission rate in Michigan is around 5-6%, but it can vary depending on the agent and location. Ask the agent to explain their commission rate and how it is calculated.

  2. Are there any additional fees? Some agents may charge additional fees, such as administrative fees or marketing fees. Make sure to clarify all fees upfront to avoid any surprises later on.

  3. Can you explain the services that are included in your fee? Real estate agents provide a range of services, including marketing, negotiating, and coordinating the closing process. Make sure you understand what services are included in the agent's fee and what services may require additional fees.

  4. Are there any opportunities to save on fees or commission? Some agents may offer discounts or incentives for certain situations, such as selling and buying through the same agent or offering referrals. Ask the agent if there are any opportunities to save on fees or commission.

Here are some tips on how to save on fees and commission from real estate agents:

  1. Negotiate the commission rate: Some agents may be willing to negotiate their commission rate, especially if you are buying or selling a higher-priced home or if you are referred by a previous client.

  2. Consider a flat-fee or discount brokerage: Flat-fee or discount brokerages offer a different commission structure, charging a flat fee or lower commission rate in exchange for limited services. This option may be more cost-effective for some homebuyers or sellers.

  3. Shop around for agents: Don't settle for the first agent you meet with. Interview multiple agents and compare their commission rates and services to find the best fit for you.

  4. Avoid dual agency: Dual agency occurs when one agent represents both the buyer and seller in a transaction. While this may seem convenient, it can lead to conflicts of interest and potentially higher fees.

By asking the right questions and exploring your options, you can find a real estate agent with a fee and commission structure that meets your needs and budget.

Step 8: Hire a Real Estate Agent

When formally hiring a real estate agent to represent you in buying a home, there are several documents and paperwork that need to be completed. Here are some of the most important documents:

  1. Buyer's Representation Agreement: This is a legal contract between you and your real estate agent that outlines the terms of your working relationship, including the length of the agreement, the agent's commission rate, and the agent's responsibilities.

  2. Agency Disclosure Form: This form is required by Michigan law and outlines the agent's relationship with you as either a buyer's agent, seller's agent, or dual agent. It also explains the duties and responsibilities the agent owes to you as their client.

Your real estate agent will guide you through the process of completing these documents and ensure that everything is completed correctly and on time. It's important to read and understand all documents before signing to ensure you are comfortable with the terms and conditions of the agent-buyer relationship.

Research Mortgage Lenders

Researching mortgage lenders is an important step for first time home buyers in finding the best mortgage loan for their needs. One of the best ways to research mortgage lenders is to start by looking at their reputation. Check online reviews, ask for referrals from family and friends, and read feedback from past customers. This information will give you a good idea of the lender's reliability, customer service, and overall satisfaction.

Another important factor to consider is the lender's interest rates and fees. Interest rates can vary significantly among lenders, and a lower rate can save you thousands of dollars over the life of your loan. Look for lenders that offer competitive interest rates and low fees, including origination fees, closing costs, and prepayment penalties.

You should also consider the types of loans that each lender offers. Some lenders specialize in certain types of loans, such as FHA loans or VA loans, while others offer a wide range of loan products. Look for a lender that offers the type of loan that best fits your needs and financial situation.

Finally, it's important to research the lender's customer service and accessibility. A good lender should be easy to contact and responsive to your needs. You should feel comfortable asking questions and seeking guidance throughout the mortgage process. By doing your research and comparing lenders, you can find a reputable lender that fits your needs as a first time home buyer.

Check Lender Reviews

Researching mortgage lenders' reviews and reputation is an essential step when selecting a mortgage lender for first-time homebuyers. This process will help you find a lender that is trustworthy, reliable, and has a good track record of helping its clients. One of the easiest ways to research mortgage lenders' reviews and reputation is to start by searching online for reviews of the lenders you are considering. There are several websites, including Yelp, Google, and the Better Business Bureau, where you can find reviews of mortgage lenders.

When reading reviews, look for patterns and trends in the feedback. Pay attention to what customers are saying about the lender's communication, responsiveness, and overall customer service. Reviews can also provide insight into the lender's loan application process, interest rates, and fees.

In addition to online reviews, it's a good idea to ask friends, family members, or coworkers if they have any experience with the lenders you are considering. They may be able to provide valuable feedback and offer insights into the lender's reputation.

Another way to research mortgage lenders' reputation is to check their licensing and credentials. Verify that the lender is licensed to do business in your state and that they have no disciplinary actions or complaints filed against them. You can check this information by contacting your state's Department of Financial Institutions.

Overall, researching mortgage lenders' reviews and reputation is an essential step in finding a reputable and trustworthy lender. Take the time to read reviews, ask for referrals, and verify the lender's licensing and credentials to ensure that you are making an informed decision.

Compare Rates & Fees

Comparing mortgage rates between lenders is an important part of finding the best mortgage company for a first-time homebuyer in Michigan. The process can be broken down into several steps:

  1. Research online tools: There are several online tools available that allow you to compare mortgage rates from different lenders. Some popular websites include Bankrate, Zillow, and LendingTree. These websites allow you to compare interest rates, fees, and other loan terms from multiple lenders.

  2. Gather information: Before you start comparing rates, you should gather some basic information about the loan you are seeking. This includes the loan amount, the term of the loan, and your credit score.

  3. Compare rates: Once you have gathered your information, you can start comparing rates from different lenders using the online tools. Be sure to compare rates for the same type of loan and the same loan term to get an accurate comparison.

  4. Look beyond interest rates: While interest rates are important, they are not the only factor to consider when choosing a mortgage company. You should also look at the lender's reputation, customer service, and fees.

  5. Contact the lender: After you have found a lender with a competitive rate and good reputation, contact them directly to get more information about the loan. This is also an opportunity to ask questions about the loan process and get a better sense of the lender's customer service.

Overall, the best process for comparing mortgage rates and finding the best mortgage company for a first-time homebuyer in Michigan is to use online tools to compare rates, gather information about the loan, look beyond interest rates, and contact the lender directly. By taking these steps, you can make an informed decision and find a mortgage company that meets your needs.

Check Eligibility Requirements

Before applying for a mortgage loan, it's important to determine if you meet the eligibility requirements of a mortgage lender. To do this, you can start by researching the lender's website or speaking with a loan officer. Most lenders will have basic eligibility requirements listed on their website or in their loan application materials.

As a first time home buyer, you may be eligible for certain programs or discounts, so be sure to ask the lender about any programs they offer. Additionally, you'll need to provide documentation to verify your income, employment history, and credit score, so be sure to have these items ready.

It's important to note that different lenders may have different eligibility requirements, so it's important to compare multiple lenders to find the one that best fits your needs. You can use online tools such as LendingTree, Bankrate, or NerdWallet to compare lenders and their eligibility requirements.

In addition to checking eligibility requirements, it's also important to review the lender's loan terms, fees, and interest rates. This will help you determine which lender offers the best overall package for your needs.

Ask About Fees

As a first time home buyer, it's important to ask mortgage lenders about their fees and costs to ensure that you're aware of all the expenses associated with the mortgage process. Here are some questions you should ask:

  1. What are your fees? Mortgage lenders charge various fees, including origination fees, application fees, and underwriting fees. It's important to know what these fees are and how much they will cost you.

  2. What are your closing costs? Closing costs can include title insurance, appraisal fees, and other costs associated with the mortgage process. You'll want to know how much you'll be expected to pay in closing costs.

  3. What are your interest rates? Interest rates can vary between lenders, and it's important to compare rates to ensure you're getting the best deal.

  4. Are there any prepayment penalties? Some lenders charge a fee if you pay off your mortgage early. You'll want to know if your lender charges this fee and how much it is.

  5. Are there any discounts available? Some lenders offer discounts for things like automatic payments or if you have a certain credit score. You'll want to know if there are any discounts available to you.

Asking these questions can help you understand the costs associated with a mortgage and make an informed decision about which lender to choose. It's important to compare lenders and their fees and costs to ensure you're getting the best deal for your needs.

Talk to Lenders


Once you have researched and created a shortlist of mortgage lenders that you believe could be a good fit for your needs as a first time home buyer, the next step is to schedule consultations with each lender. You can usually schedule consultations online or over the phone. During the consultation, you can ask the lender any questions you may have and provide them with information about your financial situation. This information can help the lender determine whether you are eligible for a mortgage and what type of mortgage might be best for you.

When scheduling consultations, it is important to be prepared with a list of questions to ask each lender. You may want to ask about the lender's experience working with first time home buyers, the types of mortgage products they offer, their interest rates and fees, and the estimated time it will take to process your application. It is also important to ask about any additional requirements or conditions that may be attached to the mortgage, such as the need for mortgage insurance. By asking these questions during the consultation, you can better understand the lender's offerings and determine whether they are a good fit for your needs.

Get Pre-Approved

The mortgage pre-approval process is a crucial step in the home buying process. During this process, a mortgage lender evaluates the financial background of a potential home buyer to determine the maximum amount of money that can be borrowed. This process involves the submission of financial documentation such as pay stubs, tax returns, bank statements, and credit history. Once this information is reviewed, the mortgage lender will provide a pre-approval letter stating the maximum amount that the home buyer can borrow for a mortgage. This letter is important because it shows sellers that the home buyer has been approved for a mortgage, which gives them an advantage in a competitive housing market. Additionally, it gives the home buyer a clear understanding of their budget and helps them to focus their home search on properties they can afford.