Quick Guide in Buying Home

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Slope Style Realty
Quick Guide in Buying Home
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Purchasing a home is a major milestone that tops
many people's lifetime to-do listsand maybe
their list of financial fears too. But it
certainly doesn't have to be a scary or stressful
experience. With time, care, and research, you
can take control of the home-buying process.
The steps to buy a house might seem
complicated at first. It's no wonder first time
home buyers wondering how to purchase a home
often feel overwhelmed. But if you dream of
owning a home, it's essential you know what to do
and who to turn to, right? Plus, the home buying
process is not as scary as it might seem at first.
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BUDGET
Your first step in the home-buying process is to
determine your budget, just as you'd likely do
for any other major financial decision. Look at
your current spending habits and determine how
much you can afford on a home each month.
SAVE
Start saving. Many lenders require a 20
down-payment on a loan home.
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LOAN
Shop around for a mortgage to find a one with the
best interest rate. Decide which mortgage makes
the most sense for you. There are plenty of
different options to consider. Get pre-approved
from the lender.
WANTS VS. NEEDS
Decide what you want versus what you need in a
home. Do you want a short commute? Do you need a
certain number of bedrooms? Write these down.
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REAL ESTATE AGENT
Find a highly recommended buyers agent and tell
them your price range and what your needs and
wants are for a home. They will surely help you
find some options to walk through.
HOUSE HUNT
Take a look at many different homes. Make sure
the home is in a good neighborhood by visiting at
any different times of day.
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MAKE OFFER
Once you find a home you like, make an offer
around 5 of the asking price.  In some cases,
terms can represent thousands of dollars in
additional valueor additional costsfor buyers.
UNDER CONTRACT
Once you and the seller agree on a price, you
must finalize your loan, hire a home inspector
and purchase home insurance. Real estate
insurance protects owners in the event of
catastrophe. If something goes wrong, insurance
can be the bargain of a lifetime.
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CLOSING
After paying closing fees and a down-payment, the
seller gives you the keys, and you are the
homeowner! The closing process, which in
different parts of the country is also known as
settlement or escrow, is increasingly
computerized and automated. In practice, closings
bring together a variety of parties who are part
of the real estate transaction.
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FOR MORE INFO
Visit our Website
http//www.slopestylerealty.com
435-565-1492