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Let’s Go Shopping! – What you’ll need to know! –
How to sell a Home! –How to buy a Home! –
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How do you buy a home?
Here are the basic next steps:
1. Determine your basic needs, if you say invest – is that short term 1-4 years or long 5-8+.
2. You will need to find a lender and get a pre-approval letter to determine a price range and down payment.
3. Start looking, make sure to consider the areas, schools (affects resale value), crime rates, and convenience to shopping entertainment and work. The turnover rate (short or long term to match your investing strategy).
4. Look at the various home types available, new, newer resale, older, fixer upper, short sale and REO. Each has its own benefits and individual course of action.
5. Place offers, review and familiarize yourself with the documents.
6. Do the contracted steps of due diligence, Inspections, HOA approvals, appraisal values and last but not at all least financing and close of escrow. Do it all right…. Congratulations you are a new homeowner!
BEST LUCK!
Billy J. Runyan
…a better Real Estate experience! Links to more information here