The Mortgage Process
Step 2. Find A Home
This can be the hardest or the easiest part of the process! Today more
than ever, Buyers have access to thousands of homes for sale on the
internet, often being able to see a home's features through slide shows or
virtual tours. Buying a home is often the single most important investment
a person makes. Realtors can take a lot of the hassles out of home buying
as they know the area, are trained in negotiating and often can spot
potential problems in a new home before you go to contract. Their ability
to help you in each stage of the contract phase can take a lot of the
worry out of home buying. I would be happy to refer you to a reputable
local Realtor.
However you choose to find your home, the best rule of thumb is to see
the home purchase as an investment rather than buying with your emotions.
Make a list of the features you want and DON'T want in your new home.
Remember that the Seller's beautifully-furnished home will be empty when
you move in! Rate each home that you see on these points before you fall
in love with the color, floor plan or location.
| TIP: Use your prequalification
letter as leverage in the contract negotiations. Sellers
want a smooth transaction and will often reduce a price
simply because it appears that the buyer is well prepared
to make the process quick and painless. |
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