Zillow Advice: Buying Process - what i have to do when im buying a house http://www.zillow.com/advice-thread/what-i-have-to-do-when-im-buying-a-house/427330/ Zillow Advice | Zillow Real Estate Step 1- get a preapprovalStep ... http://www.zillow.com/advice-thread/what-i-have-to-do-when-im-buying-a-house/427330/ <p>Step 1- get a preapproval<br/>Step 2- find a experience Real Estate broker who specializes in first time home buyers that will help educate you on the whole process.&nbsp; Find one that is well versed in short sales &amp; foreclsoures<br/>Step 3- get a preferreal from your broker on a great real estate attorney</p> Fri, 19 Oct 2012 22:52:00 GMT http://www.zillow.com/advice-thread/what-i-have-to-do-when-im-buying-a-house/427330/ 2012-10-19T22:52:00Z Before you even go to see ... http://www.zillow.com/advice-thread/what-i-have-to-do-when-im-buying-a-house/427330/ Before you even go to see any homes, do your homework! &nbsp;A lot of first time home buyers just jump into a car to look at homes. &nbsp;They spent countless hours of their time and the&nbsp;Realtors&nbsp;time just driving around looking at home after home.<br/><br/>The first thing is to determine how much you can afford. Besides adding up all your monthly personal expenses, allow some extra money for&nbsp;unexpected&nbsp;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. &nbsp;<br/><br/>A good agent should not even be showing homes with out their buyers already being pre-qualified. &nbsp;Part of a Realtors&nbsp;responsibility to the seller is to show their home to only the people who are in a position to buy.<br/><br/>Many sellers do not like the idea of strangers in their home to begin with! &nbsp;Would you like just anyone to come into your home?&nbsp;<br/><br/>&nbsp;&nbsp; Thu, 18 Oct 2012 23:07:00 GMT http://www.zillow.com/advice-thread/what-i-have-to-do-when-im-buying-a-house/427330/ 2012-10-18T23:07:00Z Surround yourself with a ... http://www.zillow.com/advice-thread/what-i-have-to-do-when-im-buying-a-house/427330/ Surround yourself with a good <a href="http://www.zillow.com/directory/lenders/">lender</a> and and a good agent.&nbsp; 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.&nbsp; Good Luck.&nbsp; It doesn't have to be a stressful experience. Thu, 05 Jan 2012 16:51:00 GMT http://www.zillow.com/advice-thread/what-i-have-to-do-when-im-buying-a-house/427330/ 2012-01-05T16:51:00Z That's a great question. ... http://www.zillow.com/advice-thread/what-i-have-to-do-when-im-buying-a-house/427330/ 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 <a href="http://www.zillow.com/directory/lenders/">lender</a> or <a href="http://www.zillow.com/mortgage-rates/">mortgage</a> 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 <a href="http://www.zillow.com/directory/real-estate-agents/">Realtor</a> research homes that match your needs. If you need more info I would be happy to help you. Thu, 05 Jan 2012 03:17:00 GMT http://www.zillow.com/advice-thread/what-i-have-to-do-when-im-buying-a-house/427330/ 2012-01-05T03:17:00Z If you don't have a referral ... http://www.zillow.com/advice-thread/what-i-have-to-do-when-im-buying-a-house/427330/ If you don't have a referral for a good <a href="http://www.zillow.com/directory/lenders/">lender</a> find an agent you like and ask for a referral..&nbsp; This is important.&nbsp; Your agent, lender and attorney will be working as a team to make sure the process moves along smoothly.&nbsp; 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. Wed, 04 Jan 2012 01:09:00 GMT http://www.zillow.com/advice-thread/what-i-have-to-do-when-im-buying-a-house/427330/ 2012-01-04T01:09:00Z Find a good Realtor&reg; ... http://www.zillow.com/advice-thread/what-i-have-to-do-when-im-buying-a-house/427330/ Find a good Realtor&reg; and a good <a href="http://www.zillow.com/directory/lenders/">lender</a>. These are the two most important people in the <a href="http://www.zillow.com/learnmore/what-zillow-offers-buyers.htm">home buying</a> process. Mon, 02 Jan 2012 20:14:00 GMT http://www.zillow.com/advice-thread/what-i-have-to-do-when-im-buying-a-house/427330/ 2012-01-02T20:14:00Z Find a great realtor who ... http://www.zillow.com/advice-thread/what-i-have-to-do-when-im-buying-a-house/427330/ Find a great <a href="http://www.zillow.com/directory/real-estate-agents/">realtor</a> who will start you out with a <a href="http://www.zillow.com/mortgage-rates/">loan</a> officer. Then you will see what you can qualify in terms of house price. Good luck! Mon, 02 Jan 2012 20:11:00 GMT http://www.zillow.com/advice-thread/what-i-have-to-do-when-im-buying-a-house/427330/ 2012-01-02T20:11:00Z You can run some numbers ... http://www.zillow.com/advice-thread/what-i-have-to-do-when-im-buying-a-house/427330/ You can run some numbers yourself on a site like <a rel="nofollow" href="http://www.dinkytown.net/java/MortgageQualifier.html">dinkytown</a>&nbsp;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.<br/><br/>There is a guide to buying <a rel="nofollow" href="http://homebuying.about.com/od/buyingahome/Home_Buying_Tips_Tricks_Techniques.htm">here</a>&nbsp;and one <a href="http://www.zillow.com/wikipages/Home-Buying-One-Step-at-a-Time/">here</a>&nbsp;taht might help give you some information to get started. Mon, 02 Jan 2012 16:57:00 GMT http://www.zillow.com/advice-thread/what-i-have-to-do-when-im-buying-a-house/427330/ 2012-01-02T16:57:00Z Christine- Excellent response.shimikaji- ... http://www.zillow.com/advice-thread/what-i-have-to-do-when-im-buying-a-house/427330/ Christine- Excellent response.<br/><br/>shimikaji- The first step is if you are not making an all cash purchase to select a <a href="http://www.zillow.com/mortgage-rates/">loan</a> originator to receive a <a href="http://www.zillow.com/mortgage-glossary/Pre-Approval/">pre-approval</a> 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.&nbsp;..... Best wishes and happy funding, Rudi Mon, 02 Jan 2012 16:38:00 GMT http://www.zillow.com/advice-thread/what-i-have-to-do-when-im-buying-a-house/427330/ 2012-01-02T16:38:00Z Buying is a HUGE Financial ... http://www.zillow.com/advice-thread/what-i-have-to-do-when-im-buying-a-house/427330/ 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..<br/>Good Time to Buy<br/><br/><br/>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?<br/><br/>Buy because you are informed enough to make Wise Decisions<br/>Know your options<br/><br/>Here's some information from the Department of Justice<br/><a rel="nofollow" href="http://www.justice.gov/atr/public/real_estate/models.html">Competing models of real estate brokerage</a><br/><br/><a rel="nofollow" href="http://www.justice.gov/atr/public/real_estate/commission_table.htm">Consumers can save thousands of dollars in commissions</a><br/><br/><a rel="nofollow" href="http://www.justice.gov/atr/public/real_estate/states-map.html">What are the laws in your state?</a><br/><br/>Here's a Link to the Gov Site with all their Loans (FHA/Vet/USDA ect)<br/>You can search for specific information, compare options, or take a short questionnaire to determine your eligibility for each program<br/><a rel="nofollow" href="http://www.govloans.gov/loans/type/6">GovLoans.gov</a><br/><br/>First Time Home Buyer Info about the Process &amp; Excellent Info/Resources for any Buyer..<a href="http://portal.hud.gov/hudportal/HUD?src=/topics/buying_a_home" rel="nofollow">Buying a Home</a><br/><br/>Browse sites like these to learn about Bank/Gov Properties for Sale <br/>Sites like...<a href="http://realestatecenter.bankofamerica.com/pages/map-search?Partner=reo&amp;DestinationUrl=http://rec.informationlogix.com/search/SearchResultsByState.aspx" rel="nofollow">Bank of America</a>...<a href="http://reo.wellsfargo.com/" rel="nofollow">Wells Fargo</a><br/><br/>You can find links to Bank sites here...<a href="http://www.biggerpockets.com/bank-reo.html" rel="nofollow">Link</a><br/><br/>The Gov. also has Sites so you can View Proprieties and get information<br/>Sites like...<a href="http://hudhomestore.com/HudHome/Index.aspx" rel="nofollow">HUD Homes</a>...<a href="http://www.homepath.com/" rel="nofollow">Fannie Mae</a><br/>You can find the links to all the Gov sites here...<a href="http://portal.hud.gov/hudportal/HUD?src=/topics/homes_for_sale" rel="nofollow">Link</a><br/><br/>For finding Public Records....<a href="http://publicrecords.onlinesearches.com/Foreclosures-and-Tax-Lien-Sales.htm" rel="nofollow">Public Records/Tax Sales</a><br/><br/>Lots of info available...make use of it <br/>Protect your Future and Money<br/><br/>Good Luck Sun, 01 Jan 2012 22:04:00 GMT http://www.zillow.com/advice-thread/what-i-have-to-do-when-im-buying-a-house/427330/ 2012-01-01T22:04:00Z