Types of Agents
How to Select an Agent
Prequalified or Pre-Approved
7 Reasons to buy a home
Moving with Teenagers
How to Find a Home
50 "Things To Watch"
when viewing a home
8 Types of Loans You Should Know
What is a Sales Contract
Finding Quality Inspectors
10 Ways to Ascertain a Down Payment
How Lenders Approve Loan Applicants
Definitions of Closing Costs
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I.- The Setup -
You have decided to buy a home, great decision. The question now at
hand, how do I start the process of buying my dream home? For obvious
reasons this task requires a little planning.
1st --Decide why you are moving? This
answer could be as simple as "My Job", "Bigger House", "Stop Paying
Rent", Etc.
-7 Reasons to Buy a Home-
2nd --What do you want this house to offer? This
answer should include any hard numbers you require (square feet, stories,
bedrooms, bathrooms, etc.). Also include basic neighborhood preferences
(suburban, urban, mature neighborhood, new homes, north, south, etc.).
And finally choose what style of house you want.
Paint a broad picture of what you want so you can inform your agent
properly. A properly informed agent works more productively for you.
3rd --Choose an Agent! This decision is probably
the most important. Now that you have selected a neighborhood,
choose a local agent. Your Agent, Realtor, or Relocation Specialist
will work to guide you smoothly through the rest of the process involved
in buying a home. This is a very important decision.
-How to Choose a Quality Agent-
-Click here for Types of Agents -
These professionals are invaluable at closing, offer local information
otherwise unattainable, and know exactly what you are going to need
to finish this task smoothly.
4th --What can you afford! The easiest
way to determine this lies in the sum of money you can come up with
up front plus the amount you can borrow. Your agent will be happy
to assist you in the search for a good lender and mortgage rate. However,
you as the buyer need to know that most lenders will not allow you
to spend more than 28% of your gross monthly income on a loan, insurance,
and taxes for your home .
The Difference Between Pre-Approved
and Pre-Qualified for a Loan-
-8 Types of Loans You Should Know About-
5th --Tell the Kids! Often overlooked,
rarely used effectively. When you alert your child in advance to the
coming events, expect objections. The easiest way to overcome these
objections is to let them be involved in some of the decisions. Let
them know that their needs and wants are important too! This simple
step allows parents to point out these needs and wants as amenities
in the new location whenever possible.
-More about Moving With Teenagers-
Now you are ready to go shopping for a home and
a loan -The Selection-
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