Jonathan Miller on tempering buyer expectations: VIDEO


How much can your buyer afford? Ask the bank.

Taking buyers to view dream homes is a total waste of time until they know the level of mortgage financing they can secure with a preapproval, said Jonathan Miller, president and CEO of appraisal firm Miller Samuel, in an installment of Curbed’s Dropping Knowledge video series.

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“There’s no way you should be looking at property until you know what you will be approved for,” Miller told Curbed, gently nudging would-be buyers away from perfect but out-of-budget properties. [Curbed]Julie Strickland