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Here's what to look for when buying a home. The Location. They say the three most important things to think about when buying a home are location, location, location. ... The Site. ... The Neighborhood. ... The Home's Curb Appeal. ... The Size and the Floor Plan. ... The Bedrooms and Bathrooms. ... The Kitchen. ... The Closets and Storage.
The final walk-through is the buyer's opportunity to make sure the home is in the condition it should be and that there aren't any remaining issues that the seller failed to address. Once the closing moves forward and the buyer moves into the home, it's likely too late to bring any problems forward.
Buying A House: The Checklist Do a Financial Checkup. ... Set a Budget. ... Talk to Mortgage Lenders and Get a Mortgage Pre-Approval. ... Find a Realtor or Real Estate Agent You Trust. ... Shop for Your Dream House. ... Gather the Documentation You'll Need. ... Hire a Lawyer (If Necessary) ... Make an Offer and Negotiate.
Let's look at some of the requirements to buy a house as well as factors that lenders and homeowners alike should consider. Income And Employment Status. Your lender won't just want to see how much money you make. ... Debt-To-Income Ratio. ... Liquid Assets. ... Credit Health. ... Willingness To Live In One Place. ... Timing.
10 Tips for New Home-Buyers Know where and why you want to buy. ... Give yourself a financial health checkup. ... Research neighborhoods, prices, real estate agents, and mortgage lenders. ... Plan your budget and downpayment. ... Understand how the mortgage and home-buying process works. ... Get pre-approved.