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Logical Steps to Buying a House

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Logical Steps to Buying a House
In today’s volatile housing market its paramount that buyers do their own research and be prepared, so when they start thinking about making an offer on the home of their dreams they don’t end up with someone else’s nightmare. Before you ever call a realtor or even go driving around looking for that new place for your family to make their dreams come true, you need to complete these three steps first.
1. Determine a budget. What can you afford? Make sure you include all costs in owning a home, i.e. PMI, Home Insurance, HOA, etc.
2. Now that you know the amount you can afford, you can start looking in the areas that fit your financial situation.
a. Do a realistic calculation on what size home you need. (This is where most people get in trouble)
b. Once you know the size of the house you are looking for you can start bracketing your property searches to the area and size home you’re looking for.
3. Now that you’ve found the home you want the work has only just begun. Now the real work of negotiating begins and this is where a realtor comes in handy, however, you still want to know what other comparable homes in the area are selling for so you don’t offer or pay too much.
When world economies are bouncing around on the verge of collapse it is hard to know when to invest and when to keep your money at home. If someone will do just the basic research they can find out a ton of information to help them make a wise decision when it comes to buying a

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