CHAPTER 1 The 12 Steps To Home Ownership o Home Ownership “ I will forever believe that buying a home is a great investment. Why? Because you can’t live in a stock certificate. You can’t live in a mutual fund .” – Oprah Winfrey Finding the right home is a major component of homeownership. Searching for and buying a home involves a process that includes many steps that need to come together before the home is “yours,” you make the move, and settle in. This chapter provides an overview of home-buying, breaking it down into 12 basic steps that will make the process clear, rewarding and less anxiety-provoking.
THE 12 STEPS TO HOME OWNERSHIP
1. Find Out What You Can Afford 2. Get Pre-Approved for a Loan 3. Create a List of Needs vs. Wants 4. Choose a Location 5. Engage a Real Estate Attorney 6. Engage a Buyer's Real Estate Agent 7. Choose a Home Type 8. Go Home Shopping 9. Make an Offer 10. Put Money in Escrow 11. Negotiate with the Seller 12. Close the Loan and Receive the Keys
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