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
21,769,562 questions answered
Popular Conversations
Auburn system
Weegy: Auburn is a variety of red hair, most commonly described as reddish-brown in color. User: he Auburn ...
8/1/2015 4:44:03 PM| 2 Answers
What is the most common sleep disorder? User: A state of awareness ...
Weegy: A state of awareness of ourselves and the world around us is the definition of: Consciousness. User: ...
8/1/2015 5:21:13 PM| 2 Answers
Which of the following major rivers flow through ...
Weegy: The DANUBE is a major river which flows through Hungary. User: Czechoslovakia was one of the nations carved ...
8/1/2015 6:47:14 PM| 2 Answers
service business.
Weegy: what kind of service you are looking for? User: what is merchandising business.
8/2/2015 6:24:49 PM| 2 Answers
Weegy Stuff
S
P
C
L
P
L
1
P
P
1
P
1
P
L
P
R
Points 102 [Total 10455]| Ratings 0| Comments 102| Invitations 0|Offline
S
Points 60 [Total 286]| Ratings 0| Comments 60| Invitations 0|Offline
S
Points 52 [Total 367]| Ratings 0| Comments 52| Invitations 0|Offline
S
L
L
P
1
Points 28 [Total 8601]| Ratings 0| Comments 28| Invitations 0|Offline
S
1
L
L
Points 19 [Total 8487]| Ratings 0| Comments 19| Invitations 0|Online
S
Points 3 [Total 3]| Ratings 0| Comments 3| Invitations 0|Offline
S
Points 3 [Total 3]| Ratings 0| Comments 3| Invitations 0|Offline
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
S
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.