Hi. I am in process of looking for a house. If I get preapproved, let's say for example, 180,000, but I am really only looking to spend about 120,000 for a house, because I don't want to put myself in a position where I can't make that higher payment, if you know what I mean. Anyway, am I obiligated to share with the real estate agent the full amount I am preapproved for , or can I just stay with what I want to spend, knowing that I already approve for at least that much. Reason was partly because I heard that some agents will try to push you into properities for the whole preapproved amount ( ex. 180,000) , even if you weren't planning to spend that much. Then, you have some agents who might reveal this to the seller, If they figure I can pay more, then I may miss out on a good deal. Just a thought. What are your experiences and thoughts on this? Thank you! :)
Thank you!
2007-12-17
02:45:01
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15 answers
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asked by
Alana
2
in
Renting & Real Estate