what is the process in buying a home&what pros &cons to look for.?

Answer 1

That's a lot of information. My website has information that might interest you. .Also, check out the buyer's reports.

Regards

Answer 2

Yes, I agree that you have to consult a real estate agent for this matter. However here are few tips you could use when spotting a good home:

1. Always consider your surroundings:
- consider your possible neighbors
- is the house near a school, hospital, convenience store, church, police station etc?
- is the location safe?

**** The thing here is that you have to be aware of the overall environment of your target house. It may be helpful if you have your own set of preferences.

2. Consider too the year when the house was built and the possible costs of repairs and renovations (if any).

3. You could also use the Internet to widen your choices. Sometimes, the Internet provides you a cheaper and affordable choice.


Mary
http://onlinepr.gbwatch.com/

Answer 3

Want to buy, what to look for?

As housing market continues to slump, if you don't plan to delay your plan, please interview several and pick a good realtor or agent.

Bad ones will talk you into buying the largest property at your credit limit. Good ones will find you a good deal (Sellers are offering discount and incentives now).

Try to stay away from Adjustable Mortgage, because 30 year fix mortgage rate is very low right now. There is no reason to use Adjustable loans except fatter commission for loan agents.

Interests only loans are not good iether. Mortgage payment consists of two parts: interests and principal. Interests are like rent, which doesn't add to the equity to your house. It simply disappear as your pay it. If you want to use interests only loans, might as well rent, especially during market downturn, because housing price won't appreciate.

Finally, for tax benefits, talk to your CPA or tax accountant. Do not consult finance with realtors or agents. They get commissions when you sign the check!

Good luck!

This article gives you tips on negotiation:
http://biz.yahoo.com/brn/060909/19463.html

Articles about current market:
http://money.cnn.com/2006/09/25/news/economy/homesales2/index.htm?postversion=2006092513
http://money.cnn.com/2006/09/08/real_estate/caught_in_the_bubble/index.htm?postversion=2006090814

Answer 4

Talk to an real estate agent ask for a buyers agent.

Ask the questions. Tell them to explain. Big cities have real estate schools look them up in yellow pages. Community colleges have them too(adult education evening classes).

Answer 5

you should probably start by getting a good real estate agent. try going to http://www.idxbroker.com/news/256_IDX,_Inc._Introduces.php

and clicking on your state. there are tons of good agents on this site ;)