1. START YOUR RESEARCH EARLY
As soon as you can, start reading Web sites, newspapers, and magazines that have real estate listings. Make a note of particular homes you are interested in and see how long they on the market. Also note any changes in asking prices. this will give you a sense of the housing trends in specific areas.
2. DETERMINE HOW MUCH HOUSE YOU CAN AFFORD
Lenders generally recommend that people look for home that cost more than three to five times their annual household income if the home buyersplan to make a 205 down payment and have moderate amount of other debt. Use an Affordability Calculator to see how much you can afford
3. GET PREQUALIFIED AND PREAPPROVED FOR CREDIT FOR YOUR MORTGAGE.
Before you start looking for a home, you will need to know how much you can actually spend.
4. FIND THE RIGHT REAL ESTATE AGENT
5. SHOP FOR YOUR HOME AND MAKE AN OFFER.
6. GET A HOME INSPECTION.
7. WORK WITH A MORTGAGE BANKER TO SELECT YOUR LOAN.
8. HAVE THE HOME APPRAISED.
9. CLOSE THE SALE
Please call or email me with questions, comments or concerns. Thanks