Home Buying Tips
Buying a home
Buying a home can seem complicated, take your time and get educated. As an informed buyer, you will save yourself time and money.
1- Get pre-approved
Find out how much you can afford - Don't fall in love with a home you might not be able to afford, get pre-approved before you house hunt. What you can afford depends on your income, current expenses, credit rating, downpayment, and the interest rate. The Federal Housing Administration has helped millions of Americans secure their dream of homeownership since 1934. Let FHA help you! Get Pre-Approved today.
2- Shop for a loan
Talk to several lenders, compare fees and interest rates. Negotiate a better deal.
3- Shop for a home
* Use a real estate agent to find a home- www.realtor.com
* Search for homes for sale buy owner - www.forsalebyowner.com
* Search for hud homes - www.hud.gov
* Make a home shopping checklist (download a checklist)
4- Make an offer
If you are using a real estate agent he or she will help you draft and present and offer. If you are buying "Buy Owner" you will need to draft and present the offer. View Sample Forms
5- Get a home inspection
Make sure your offer is contingent upon your review of a home inspection. This inspection will give you insight into the condition of the home, and can help you avoid major repairs and expense.
Why get a home inspection?
10 important questions to ask your home inspector.
6- Shop for homeowners insurance
You will be required to have homeowners insurance. Make sure you shop around.
7- Closing the purchase