10 Steps:
1) Define Needs
2) Pre-Qualify
3) Local Info
4) Home Search
5) Make Offer
6) Negotiate
7) Vendors
8) Pre-Close
9) Close
10) Post-Close
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1. Define Your Needs For Your New Home
Congratulations on your decision to purchase a new home! Your
first step toward buying your new home will be to analyze your
needs. Your real estate agent can assist in analyzing your needs
so that you will be able to get a clear picture of exactly what
you want your new home to look like and how it should function
for you and your family.
First, you should write down why you are looking for a new
home. For example, are you currently renting and would like
to have a home where you can begin building equity? Maybe
you recently married and have outgrown your current residence.
Or, maybe you have just gotten a promotion, which requires
you to move to a new city. These factors will all have a bearing
on how you approach your home search.
Second, establish a time frame that you would like to stay
within for buying your home. Depending on your reasons for
wanting a new home and the current state of the market in
the area you are looking to buy, you should be able to come
up with a rough guideline, which you can finalize at a later
time.
Last, you most likely have a mental picture of what you would
like your house to look like and what features it should have.
It's very important to write these ideas down to avoid any
ambiguity later in your home search. You should make at least
two lists: one should be a list describing your dream home
and the other should list the features of the home that are
an absolute must have in order to buy it. In a perfect world,
your new home would fulfill both lists 100 percent. It is
more likely that you will end up blending the two lists into
a schedule of prioritized items as you progress through the
buying process. This is a natural and evolutionary process
as you get clearer about what you want and what is available.
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