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what i have to do when im buying a house

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January 01 2012 - New Tampa
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Step 1- get a preapproval
Step 2- find a experience Real Estate broker who specializes in first time home buyers that will help educate you on the whole process.  Find one that is well versed in short sales & foreclsoures
Step 3- get a preferreal from your broker on a great real estate attorney

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October 19 2012
Before you even go to see any homes, do your homework!  A lot of first time home buyers just jump into a car to look at homes.  They spent countless hours of their time and the Realtors time just driving around looking at home after home.

The first thing is to determine how much you can afford. Besides adding up all your monthly personal expenses, allow some extra money for unexpected bills that could come up in the future, such as a new car payment. Then find a good lender you can count on and get yourself pre-qualified.  

A good agent should not even be showing homes with out their buyers already being pre-qualified.  Part of a Realtors responsibility to the seller is to show their home to only the people who are in a position to buy.

Many sellers do not like the idea of strangers in their home to begin with!  Would you like just anyone to come into your home? 

  
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October 18 2012
Surround yourself with a good lender and and a good agent.  Your agent should be able to provide you with a checklist of the things that will need to be completed through out the whole process.  Good Luck.  It doesn't have to be a stressful experience.
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January 05 2012
That's a great question. The first thing to do is get pre qualified through a reputable lender. If you dont know of one get a referral to a Realtor. They would have one or two they work with closely and can put you in contact with a good lender or mortgage consultant. The pre qualification process will help you by establishing just how much home you should be looking for. The next step is have your Realtor research homes that match your needs. If you need more info I would be happy to help you.
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January 04 2012
If you don't have a referral for a good lender find an agent you like and ask for a referral..  This is important.  Your agent, lender and attorney will be working as a team to make sure the process moves along smoothly.  There can NEVER be a gaurantee that nothing will arise which may cause a deal to fall through but with a good team you will find it a lot of fun.
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January 03 2012
Find a good Realtor® and a good lender. These are the two most important people in the home buying process.
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January 02 2012
Find a great realtor who will start you out with a loan officer. Then you will see what you can qualify in terms of house price. Good luck!
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January 02 2012
Profile picture for sunnyview
You can run some numbers yourself on a site like dinkytown to see what you might be able to comfortably afford every month, but a lender can really help you pull specific number together based on the rate you can get and your credit score. The amount you qualify for may not be a an amount that you will be able to pay without a lifestyle adjustment so you have to make your own call based on your spending habits and budget beyond your qualification amount.

There is a guide to buying here and one here taht might help give you some information to get started.
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January 02 2012
Christine- Excellent response.

shimikaji- The first step is if you are not making an all cash purchase to select a loan originator to receive a pre-approval letter for verification purposes to confirm your financial ability to receive a loan for the dollar amount you are seeking. Most buyers agents and sellers require that buyers have this in their possession. ..... Best wishes and happy funding, Rudi
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January 02 2012
Profile picture for Dunes ..
Buying is a HUGE Financial obligation..an obligation Millions are having difficulty with, Millions have all been foreclosed on and pretty much all of them I'm thinking had Agents/Lenders telling them they were making a good decision..
Good Time to Buy


GET INFORMED..Know the Process..Know the Market..the Economy of that Market..are their State/County/Local Budget problems, people being laid off, school budgets, Local Services...Vacancy Rates..Price Trends..what house in what Price Ranges are selling, which aren't?

Buy because you are informed enough to make Wise Decisions
Know your options

Here's some information from the Department of Justice
Competing models of real estate brokerage

Consumers can save thousands of dollars in commissions

What are the laws in your state?

Here's a Link to the Gov Site with all their Loans (FHA/Vet/USDA ect)
You can search for specific information, compare options, or take a short questionnaire to determine your eligibility for each program
GovLoans.gov

First Time Home Buyer Info about the Process & Excellent Info/Resources for any Buyer..Buying a Home

Browse sites like these to learn about Bank/Gov Properties for Sale
Sites like...Bank of America...Wells Fargo

You can find links to Bank sites here...Link

The Gov. also has Sites so you can View Proprieties and get information
Sites like...HUD Homes...Fannie Mae
You can find the links to all the Gov sites here...Link

For finding Public Records....Public Records/Tax Sales

Lots of info available...make use of it
Protect your Future and Money

Good Luck
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January 01 2012
Your first step is to talk to a lender.  They will inform you of your options and help you decide what would be best for you. 
Second step is to ask family and friends who they would recommend as a Realtor. 
These two reliable professionals will help walk you through the process and help you with a smooth transition into home ownership.
Good Luck,
Christine
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January 01 2012
 
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