While there's no denying the real estate market has had its challenges lately, there's also no denying that for qualified buyers it's a great time to buy. Particularly first time buyers who are giving away rent when they could be earning equity. But where to start?

The idea of a new home is often so exciting that folks tend to dive right in, visiting model homes and stopping by open houses. Next thing you know, they're calling a Realtor and touring homes in earnest. But wait, this cart is definitely out in front of the horse. While it's fine to let your Realtor know what you are planning, let's back up a minute and do a little preparation.

First-and most importantly-talk with a lender to get a clearer idea of just how much house you can afford. It's always nice to find you can afford more house than you expected, but it's frustrating to discover you've been looking at homes you can't afford. Save yourself the wasted time, and the disappointment, and pin down your price range BEFORE you start looking.

Need help finding a lender? A reputable Realtor is an excellent resource, and no, they don't get "kick backs" from the referral. That's a no-no. What they do get is the knowledge that their clients are working with a lender who is dependable and professional; someone who tells it like it is and stays on top of the details. Realtors usually have a couple of names of folks they trust, most likely they are local, too. It's nice to deal with a real live human being who knows your name-and your face! Beware of 1-800-faceless-lenders.

Got a Realtor already? If so, you called them ahead of time to let them know your plans. Don't wait until the day before you want to start looking at houses. There's a lot of background work that goes into picking the right homes to show clients. Give them the time to do their best, and it will make your search much easier.

If you are still looking, here are a few things to consider. Real Estate agents and Realtors are not the same thing. A Realtor is an agent who belongs to a local real estate board (which isn't cheap). This is important, because boards require you to follow a code of ethics, and they provide education, marketing opportunities and more.

Have you worked with someone before who you liked? Has a friend recommended a Realtor they liked? Is there a Realtor in your neighborhood you've heard about? Look for designations such as GRI (like college for Realtors) and CRS (think graduate school). While they aren't necessary, they are an indication of a dedication to education in their field.

If you're still undecided, give them a call and see what you think. You should feel comfortable talking with this person about price ranges, finances, and your personal likes and dislikes in neighborhoods and homes.

You might also have something in common, like sports, kids, gardening-whatever. Realtors should be professional above all else, but we're human, too. We like people (or we should!) and many of our clients end up being friends.

Should you look for a "Top Producer"? Maybe, but be aware that top producing agents get there because they sell a lot of real estate. You can' do that alone-there are only so many hours in a day! Odds are you'll work with their assistants more than with them. Is that okay? You might like to talk with the assistant, too.

Don't be afraid of newer agents, either. They've got the time to devote to you-and the desire. We all have to start somewhere. A wise agent, of any level of experience, knows when and how to say, "I don't know, but I'll find out."

Now that you've got your team in place, you're ready to start your search. Remember, stay positive, be honest and open, and be nice.