How to buy a home  

THE HOME BUYING PROCESS

Looking for a home? Where should you begin? Home buying can be an over whelming task. Think about any changes in your life during the foreseeable future. Will there be changes in your family size or with your vocation? What are your requirements for the home?

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Why use a Real Estate buyer agent?

In short, the reason is to get you a better deal than you would have gotten without one. It's really as simple as that! This means money, but it also means having the services of an expert who can find you the home you want, come to agreement with the home seller at terms favorable to you, and see that the home sale actually closes.

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BUYER'S TIP

  • Buying a Home - Dealing With Lender Letters  
  • Should I Buy This Home - Heating Issues  
  • Guide To Buying A Condo  
  • Condos buying guide- How to invest in superior Condominiums
  • How Condo Buyers Can Avoid Paying Too Much: Ten Essential Tips  
  • Five Tips For The First Time Buyer
  • Five Tips For The First Time Buyer

    by Domania Editorial Staff


    1. Determine your specific needs as a first-time buyer. How much room do you need? Are you concerned about schools? Commuting time? Proximity to family and friends? Is this a starter home, or are you likely to be here in five or ten years? Are you buying at the height of or bottom of a market? What financial resources do you have, or must you obtain, to purchase your home?

    2. Educate yourself about the types of homes available. Determine which one(s) will meet your needs: detached single-family home, multi-family home, condominium or new construction? Understand the differences inherent in one type of property over another. Conduct thorough research, and ask specific questions about the type of property that you choose. Check out some MLS Listings

    3. Obtain valuable, publicly available real estate information. You can research public records in government offices, or, more easily online, where they are increasingly available. Aside from http://domania.com, which offers free access to comparable home sales, there are a handful of real estate sites that offer other valuable real estate data.

    4. Hire a real estate representative. Interview several candidates and check references. This can now be done on line which makes it considerably easier than going to door-to-door.

    5. Learn about special lending, qualification and down payment programs for first-time homebuyers. You may also be eligible for one of these programs if you are a veteran of military service, or part of a work or affinity group. Learn all you can about mortgages. Complement your intelligence-gathering with helpful overviews, such as the Federal Reserve Board's free guide, Home Mortgages: Where to Shop and What to Look For. Check out sites like http://fanniemae.com and http://freddiemac.com for more information, and of course check out sites that applying easier, like http://lendingtree.com and http://Getsmart.com.

    About the Author

    The editorial staff of Domania lives and breathes home values. Find more advice and real estate tools at http://www.domania.com

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