Question and answer
List three steps in buying a home. What are some important points to consider in your purchase?
Three steps in buying a home include having a home inspection done, obtaining pre-approval for financing, and obtaining comparable sales prices (comps) in the area you want to buy in order to make sure you're not offering too much. [ There are many things to consider when making a decision about which home to purchase, including the quality of the neighborhood or other surrounding area, the
quality of the schools in the area if you have children, any maintenance issues the home you're interested in may have, the age of things like the roofing, the water heater and the furnace. Pay attention to things like common noise in the area (ie. if the home is in a flight path, near a railroad crossing). Consider how much of a monthly payment you can afford when it comes to obtaining a loan. ]
Expert answered|ramkitten|Points 387|
Question
Asked 8/19/2010 9:12:58 AM
Updated 8/19/2010 10:09:40 AM
1 Answer/Comment
Get an answer
New answers
Rating

There are no new answers.

Comments
I can give you 11:

Step 1, Get Your Finances in Order
Step 2, Get Familiar with the Mortgage Industry
Step 3, Get Pre-Approved for a Mortgage
Step 4, Determine Your Wants and Needs
Step 5, Learn to Work with Real Estate Agents
Step 6, Start Searching for a Home
Step 7, Handle Pre-Offer Tasks
Step 8, Make an Offer
Step 9, Home Inspections and Other Tests
Step 10, Avoiding and Correcting Last Minute Problems
Step 11, You're on the Way to Closing

Important tips can be found on this link as well:
Added 8/19/2010 10:09:40 AM
Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
other costs that may need to be factored in when comparing the cost to rent versus buying?
Question
Not Answered
Updated 8/19/2010 1:33:26 PM
1 Answer/Comment
When you buy a home, if you have a mortgage, you have to factor in the interest on that loan, mortgage insurance, and points. You also have to consider the cost of household maintenance. While some maintenance costs do fall under tenant obligation when renting, maintenance on the building and much of the interior maintenance will be paid by the landlord.
Added 8/19/2010 1:33:26 PM
It is not uncommon for car loans to be financed up to 72 months which will result in lower monthly payments. Is this necessarily a good option? Why or why not?
Question
Not Answered
Updated 8/19/2010 1:30:15 PM
1 Answer/Comment
Financing a car for up to 72 months is a good option for those who cannot afford the higher monthly payments on a shorter-term loan, but on the down side, you'll pay more over the life of the loan.
Added 8/19/2010 1:30:16 PM
25,058,767 questions answered
Popular Conversations
what is a gong?
5/5/2016 7:07:26 AM| 2 Answers
What was the main source of conflict between Native Americans and the ...
Weegy: The main source of conflict between Native Americans and the U.S. government is land rights.
5/5/2016 3:49:55 PM| 2 Answers
The talk test can be used to measure the __________. A. knowledge ...
Weegy: The talk test can be used to measure intensity of an activity.
5/5/2016 12:29:35 AM| 1 Answers
Forms of money in the United States consist of paper money, coins, ...
Weegy: Forms of money in the United States consist of paper money and coins only.
5/5/2016 1:05:37 AM| 1 Answers
Weegy Stuff
S
Points 210 [Total 210] Ratings 8 Comments 130 Invitations 0 Offline
S
Points 170 [Total 170] Ratings 2 Comments 130 Invitations 2 Offline
S
1
L
L
P
R
P
L
P
P
R
Points 144 [Total 12396] Ratings 2 Comments 124 Invitations 0 Online
S
L
P
P
P
Points 45 [Total 3422] Ratings 0 Comments 45 Invitations 0 Offline
S
Points 38 [Total 107] Ratings 0 Comments 38 Invitations 0 Offline
S
Points 18 [Total 18] Ratings 0 Comments 18 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 1 [Total 48] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.