Choosing The Right Home For You - Part 2

[jbmmnh...@yahoo.com]

In part one of "Choosing the Right Home for You", I discussed whether
you should buy a house or continue to rent, how important it is to
eliminate debt on your credit and the pre-approval process. These are
steps are four through six on "Choosing the Right Home for You".
Step Four: Contacting a Real Estate Agent
Finding a reliable real estate agent will make all the difference in
finding the home that you are looking for. You may want to speak with
your loan officer and see if they recommend someone that they have
done business with before. On your first initial visit to your loan
officer, you should do the following things:
? If you have been pre-approved for a loan, let the agent know the
amount that you were pre-approved for.
? Let the agent know what type of property you are looking for, such
as: the location, bedrooms, bathrooms, backyard space, condos or
houses.
Once you have address these things, you agent will provide multiple
listings for you to look over. You may also find listings in the
newspaper, internet sites or signs posted yards around the
neighborhood you are interested in. Your agent will make appointments
for you to view the house in order for you to decide if these homes
suit your needs. The viewing process with your agent takes time. You
may not find the house that you want the first time, but when you find
the house that you want, go ahead and contact your agent to make an
offer on it. If you wait too long and feel that there are other houses
out there, you may lose this particular house.
Step Five: Making the offer
Making an offer on a house is one step closer to having the home you
are looking for. One you have find the house that suits your need and
price range, you should make an offer. Most first time buyers are not
aware of how you go about making an offer on the house. The real
estate agent will suggest starting the offer a little lower than the
asking price that way if necessary the sellers can come back with a
counter offer. You don't want to go too low or too high but make an
offer that you can handle that way you are not going out of your price
range. Once you have reached the decision the offer that fits your
budget and the house you can proceed to the final step or keep
searching if the offer is not what you want.
Step Six: The Final Step
The final step in purchasing a home once the offer has been accepted
is to have an inspection done on the house. Most mortgage companies
will require that you get an inspection on the house to determine if
they still will finance the house for you. If the house has too many
problems that need to be addressed, then you the buyer may want to
counter the offer for the repairs or look for another property. If the
inspection goes through as well as the financing, the all that is left
is paperwork.
You are now a homeowner. Decorate and enjoy life in your new
home.
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