My real life friends keep me up to date on who's in jail and who's banging who so I didn't need Facebook anymore. I was amazed by how much I could get done in a day when I got rid of all that crap.
Yes, do this. Once you get qualified you will have a price range to look for. Don't buy anything that will require a credit pull until after the house closes and then, be careful not to make any big purchases.