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
9
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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Buyers' Resource Section:
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-
-9
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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