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Before You Can Buy A Home, Adopt This Many people lost the house they had under contract because they were eventually denied their loan or did not close on time. Starting early will save you from this nightmare. The lender is going to give you the real scoop on what it will take for you to get a loan. In order to do so, the lender will be asking you for personal information, checking on your credit scores and work history. Your lender is there to get you through the loan process, and your real estate agent will help you find the house and get you from start to finish with the contract. Along with you, the three of you will make up the team, real estate agent, lender and home buyer. Home buyers often begin their search right on the Internet. It's a great place to start and can offer you a real good idea of what your home shopping dollar can get you in any given market. Look beyond the staging to the flow of the house. We can't all afford everything we would like in a home, and that's where the Internet will come in handy. Find neighborhoods and homes that you find appealing and keep tabs on the prices these homes run. It may be that you need to scale down once you speak with a lender. Don't be so caught up in a house that you forget to look deeper into its location. Research the area schools, shopping venues and commute times once you find yourself getting serious. If you find your self getting excited about buying a home and all the perks that come along with it, then you should definitely be getting in touch with your local pros. Create a wish list and use it as your home buying guide. Hand both the wish list and your pre-approval letter to your real estate agent. They will use it as a guide when searching for the ideal home and neighborhood for you. Interestingly enough, once you have been approved for a loan and you find the home of your dreams, the next step is to write an offer on it. Once your offer is accepted your agent should be your guide regarding home inspections and other details that may be specific to the contract, remain in contact with the closing attorney and the lender to ensure that all time limits are met as well as to be with you at the closing table. A buyer's agent will educate you about their housing market, both the homes and neighborhoods. They also should be able to explain the differences between school districts, giude you to local transportation and shopping, negotiate the best contract terms and price for you, be with you for your home inspection and most important, listen to what you are looking for. The other piece of their job will include finding the right home for you, writing an offer on it, negotiating it, educating you along the way on the various parts of the contract. These contingincies will be the appraisal, home inspections, the survey, title insurance along


with any items that pop up to make for an unsettling bit of the transaction. Your buyer's agent does this all year long, you will only be doing this once in awhile. A Real Estate Investment Purchasing Process


Before You Can Buy A Home, Adopt This