What is the first step to buying a home?
Finding out what you can afford is one of the fist steps, which can be done by pre-qualifying for a home loan. This step will help you narrow your search for both a neighborhood and particular houses. A pre-qualification is a simple calculation that considers several factors, but primarily your income. There are no guarantees with a pre-qualification, but it will be expected of you when you make an offer on a home.
Finding out what you can afford, which can be done by pre-qualifying for a home loan. A pre-qualifying is a simple calculation that considers several factors, but primarily your income. There are no guarantees with a pre-qualification, but it will be expected of you when you make an offer on a home. What is the difference between list price, sales price and appraised value? The list price is a sellers advertising price. The figure is usually only a rough estimate of what the sellers wants to get. To judge whether the list price is fair one, be sure to consult comparable sales prices in the area. The sales price is the amount of money you as a buyer would pay for a property. The appraisal value is a certified appraiser estimate of the worth of a property, and is based on comparable sales, the condition of the property and numerous other factors. What are closing costs? Closing costs are the fees for services, taxes or special interest charges that surround the purchase of a home. They i
Finding out what you can afford is one of the fist steps, which can be done by pre-qualifying for a home loan. This step will help you narrow your search for both a neighborhood and particular houses. A pre-qualification is a simple calculation that considers several factors, but primarily your income. There are no guarantees with a prequalificaiton, but it will be expected of you when you make an offer on a home.
Finding out what you can afford is one of the fist steps, which can be done by pre-qualifying for a home loan. This step will help you narrow your search for both a neighborhood and particular houses. A pre-qualification is a simple calculation that considers several factors, but primarily your income. There are no guarantees with a prequalificaiton, but it will be expected of you when you make an offer on a home. Copyright 2007 Inman News. All Rights Reserved.
