4) What Are The Essential Steps Every First-Time Buyer Should Know?
The best way to prepare to own your first home is to educate yourself about the home buying process. You can take a class or pick up books from the library. Also, read the real estate sections of your newspaper and consumer magazines. Here are some things you will want to do: Ask lots of questions Prioritize your criteria Investigate the available loan options and decide which is best for you. You may want to interview several lenders to learn about the many mortgage products available. Get pre-approved before you house shopGet pre-approved for a loan before you start looking for a home so you know how much you can afford to pay. Once you are actively house hunting, lock in your interest rate - if it's a good one. This will speed up the closing process. Work with your agentWork with your agent on a purchase offer when you decide on a home. You should ask your agent for a market analysis to find out what similar homes are currently selling for in your chosen area. You and your agent should tailor the sales contract to suit your needs. For example, you can make the sale contingent on a favorable home inspection report. |
Should Know To Get Started?
2) What Would You Recommend As The
Best First Step In Home Buying?
3) What Is The Single Most Important Rule
In House Hunting?
4) What Are The Essential Steps Every First-Time
Buyer Should Know?
5) Are There Any Inside Tips On Down Payments
For First-Time Buyers?