Steps To Buy a Home: 6 Must-Follow Tips

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STEPS TO BUY A HOME 6 MUST-FOLLOW TIPS
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• Buying a home is not always a simple task. It can
  be a very intimidating process.
• Planning to buy a new home?
• It is quite natural for buyers to spend several
  weeks, and even months looking for the right
  home. Even in the world of technology, there are
  some important steps to follow in order to end up
  with a right property.
• Read out these 6 must-follow steps when buying a
  home.

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Pre-Approval Is Required

• It is important to gather all the necessary
  information that is required to complete a
  mortgage transaction. Pre-approval is the process
  of actually getting approved for a mortgage,
  without having an actual property selected.
  Basically, it helps substantially and will aid
  you in negotiating with a seller. Once you are
  done with this step, you will be ready to move
  forward with the purchase.

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Making Agreements

• There is simply no such thing as a verbal
  agreement in the world of Real Estate. If there
  is anything that the seller agreed to, you need
  to make sure that they agree in writing. Else, if
  you go for a verbal agreement, there is no
  feasible way to prove that the agreement was made.

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Start Your Search

• With your pre-approval letter in hand, you can
  start looking for your new home-to-be. Explore
  several properties, even if you find the perfect
  in the first go, it is important to still search
  for some alternates. After you have chosen your
  new home, dont forget to write a sales contract
  and give a deposit.
• Your next step will be forwarding the sales
  contract to your broker to accompany the rest of
  the documentations.

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Lock In Your Rate

• Notify the mortgage company that you are ready to
  lock in your rate. When the rate is locked you
  will be given a certain amount of time to close.
  Now it can be 15 to 60 days, and in some cases 90
  days. With the fixed locked rate, you can rest
  assure that the rate will not fluctuate. Remember
  you also have the option to float the rate.

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Home Inspection

• Getting a home inspection done by an independent
  home inspector is a great idea. Going through the
  home prior to purchase will let you know that the
  property, which looks beautiful from the outside,
  doesnt have any underlying issues.

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Close The Deal

• You need to have a copy of all of the loan
  documents prior to closing. Read through all of
  the documents carefully and call your broker
  ahead of time with any questions. Once you have
  reviewed all of the documents, set up a closing
  with the seller and your attorney.
• Things can differ in different regions and
  countries. However, the basic process of buying a
  house remains same. So these steps should never
  fail to help!

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• CONTACT
• Power Light Apartments
• 106 W 14th Street
• Kansas City, MO 64105
• http//www.powerandlightkc.com/
• leasing_at_powerandlightkc.com