the seller and listing agent, but then faltering in the financing department, will stall or probably sink the deal, almost every time. Title insurance and even more home inspections should also be expected as part of the closing process. The lender will have to ensure the seller fully owns the house. Defaulters will not own the house fully. It’s important that you keep these potential pitfalls in mind before you get to the closing process. If something goes wrong, but if appropriate contingencies are in place, the deal could still be saved. But better to be safe than sorry, so protect yourself and take the right steps to get you where you want to go. Remember: The best way to gain the upper hand in the entire home-buying process is to hire and have a professional and experienced real estate agent working with you through each of the above mentioned steps, guiding you all along the way throughout this sometimes-complicated process. By using this guide and following the 12 steps outlined, you’ll know what you’re getting into ahead of time, and you can do extra research on your own in order to be fully prepared for each step of the process. Purchasing a home is a big deal, and you need to treat it that way. Be prepared. These 12 steps will get you started on the right path!
POINTS TO REMEMBER:
The 12 steps of buying a home are:
1. Find Out What You Can Afford 2. Get Pre-Approved for a Loan 3. Create a List of Needs vs. Wants 4. Look at Homes 5. Choose a Location 6. Choose a Home Design
7. Hire an Agent 8. Make an Offer 9. Put Money in Escrow 10. Negotiate with the Seller
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