Quick Guide in Buying Home

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Purchasing a home is a major milestone that tops many people's lifetime to-do lists—and 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.

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Quick Guide in Buying Home Slope Style Realty

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Purchasing a home is a major milestone that tops many people's lifetime to-do lists—and 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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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. BUDGET SAVE Start saving. Many lenders require a 20% down-payment on a loan home.

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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. LOAN 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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Find a highly recommended buyer’s 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. REAL ESTATE AGENT 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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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 value—or additional costs—for buyers. MAKE OFFER 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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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. CLOSING

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Visit our Website FOR MORE INFO http:// www.slopestylerealty.com 435-565-1492

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