what are all the steps to buying a house?

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  • what are all the steps to buying a house?


Answer #1 | 23/12 2013 17:34
can't tell you all of them because it's like a map, what if this and what if that. You'd start out by having excellent credit, always paid your bills on time, have an excellent paying job, and want to purchase a home within what you can afford. They say you should never pay more than 35% of your monthly income net for rent, so the same applies for a home. You'd first get approved by your bank or mortgage company showing that you can afford a house for the price you want. Today fewer mortgage loans are out there but on those you'd need 20-30% start saving now. The bank or mortgage company will loan you around 80% of what they deem the house is worth. The alternative is a FHA loan home. Or a home with zero down if you're a veteran.
Answer #2 | 23/12 2013 20:40
Max_____, Start by getting a BUYER'S real estate agent to help you. Make sure it's specifically a BUYER'S real estate agent by asking the agent first thing upfront if he is indeed a buyer's agent. If not, forget him. Interview 2 or 3 buyer's REAs. The Thing is that a 'buyer's real estate agent' will serve YOU and only you. If you just get a 'real estate agent,' they are most likely serving the seller as well. It won't cost you anything personally to get a buyer's real estate agent because the home seller pays the agent, not you. Once you get an agent, ask the agent to tell you all the other steps to buying a home.
Answer #3 | 23/12 2013 20:48
1. Secure a loan, or qualify for one. Get an agent, not the sellers agent.
Answer #4 | 23/12 2013 21:22
Get a agent Make a offer Offer accepted Depending on how you purchase financing or cash Once approved with financing you schedule a closing with the attorney or if you have cash everything goes smoother -- funds wired Sign at the table and exchange keys done
Answer #5 | 23/12 2013 21:27
Visit with a lender then come back next week and ask the next question.

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