Steps for Buying a House
1. Get pre-approved for a mortgage. Credit report, FICO score, type of mortgage, shop for best rates and programs.
2. Determine your wants and needs: style of home, size, price, location.
3. Seek out an exclusive buyer's agent. Compare the services of different agents and look for good personal chemistry.
4. Search for homes in the MLS and For Sale By Owner (FSBO).
Sign up for daily email notification services and stay on top of all new FSBOs coming to market.
5. Check out the neighborhoods, schools, crime rate, traffic, zoning, and work commutes. Rely on your exclusive buyer's agent's expertise and in-company resources. Check the web for helpful information.
6. Do the due diligence and research on your property of interest.
Visit or have your agent visit the town or city hall to learn of any zoning changes, liens, easements, or other restrictions.
7. Prepare the offer and negotiate. Have your exclusive buyer's agent prepare a property value study and ask the seller if there are any other offers and his motivation for selling, deadlines, etc.
8. Conduct the home inspections and other inspections. Take advantage of the inspection contingencies in your offer and get thorough inspections to eliminate any surprises after you move in to your new home.
9. Final negotiations and sign the Purchase & Sale Agreement.
Use the inspection report to re-negotiate, if necessary and sign the P&S after review.
10. Walk-through inspection prior to Closing. Visit your new home before you sit down at the closing table to make sure everything is as you expect it to be.
11. Closing.

  

I was watching this show on tv about a man that talks about how people can buy homes for just a little over 300$. He showed several homes that were sold for under 1Grand. I was wondering if anybody has every researched into this if it is actually true??

Good article, i think buying a house is one of the biggest financial decisions that you take in your life. It is not just a great investment option, but also offers you lifelong security. Also now-a-days the prices of the houses have so high; they have touched the sky, so. it has become very difficult to purchase a house of your dream.

I want by one house but I have money problem because I have no cash and I am working in private firm also my salary too much less.

Very informative post. After earning good this year, I am now ready to purchase a new house and lot.

I'll send this information to my sister. She's planning to buy her house. I guess this will be a good guidelines to her.

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Thanks for your info..helpful share!

We have a lot of homes for sale in Florida....

Many foreclosures that can be bought at way under market value....

The problem is trying to get a mortgage.....not easy...

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