The 4 key steps when buying a home

Daniel on March 28th, 2008

You’ve saved, planned, and agonized over your finances.  You’ve also visited more websites than you care to remember.  So now you’ve finally decided to enter the world of homeownership - but have you addressed a few important actions that might save you additional time and money?

Listed below are 4 key steps (of the many) you won’t want to skip -

 1. Review your credit report.  Before shopping for a mortgage, it is imperative you know what’s in your credit report.  One site: www.annualcreditreport.com enables you to obtain your credit report, free of charge.  Note: although you can review your report for free, if you wish to obtain your credit score (which everybody wants to do), you will have to pay a fee.

2. Obtain a written pre-approval.  A pre-approval from a lender typically represents “cash-in-hand” and assures the seller and realtor that you are qualified.

3. Hire an attorney that specializes in real estate.

4. When selecting an agent be specific about your needs, price points, locations of interest and any other amenities you desire.

Daniel

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