What is the procedure to buy a house?

Question

What is the procedure to buy a house in United States?

Answer 1

you should start by getting a real estate agent. if you don't already have one there are tons of good ones on these directories: http://www.idxbroker.com/news/256_IDX,_Inc._Introduces.php
(just click on your state)

Answer 2

First, assemble the team of people you're going to need helping you. You'll want a Lawyer, a Lender, and a Realtor.

You want to know the lawyer is available to advise you on the contract you'll sign before you sign it, and it should be someone willing to walk you through the process in detail, and available to answer questions that arise.

You want to find out how much you can borrow to buy.

The realtor will help you find a house in your price range that meets your needs, and once you find it, you submit an offer. If they accept it, the process really begins. If they counteroffer, you start negotiating or find another house until you have an accepted contract.

Next you want to make sure the house is what you think it is, with inspections for the structure and such things, and the attorney makes sure the Seller really owns it and finds out who they owe money to. The lender starts working on getting the loan. You have to give them lots of information and documents.

All that generally takes 4 to 6 weeks.

At Closing, the Seller brings a Deed, the Buyer signs a Note and a Mortgage, everyone signs a settlement statement showing where all the money came from and goes, and there are a number of ancillary documents the attorneys need signed, and the buyer gets the keys and everyone goes away happy.

There may be specifics to your state that the attorney will fill in for you.

Answer 3

First off, you should get pre-qualified with a mortgage company. Find out how much you can afford. Then, start looking for the house. Either through the newspaper, or by driving around, or through a real estate agent. Find the house you like, make an offer on it, and the rest is handled by the professionals (mortgage comany, real estate agency, and title company).

Answer 4

get yourself a realiter, find the house you want, make an offer, wait to see if offer is accepted. Written agreement with terms signed by both parties, underwriter, loans and all of the legal rights need to be performed, closing.

Somewhat like that

Answer 5

get a bank to loan you the mortgage, find out how much your able to put a down payment on and what $$$ you can buy a house for.. Find a realtor, find a house, set up your escrow or tax info, sign some papers, get the title... the realtor does most to all the paperwork so.... its fairly simple if you can get qualified for a mortgage.

Answer 6

a; be age 18 or older b; be pre-qualified with the help of a lender or have a bucket of money c; discover quite a few actual sources customer'S brokers, and interview them for attitude and purported potential. d; for a million mo, employ one. provide him-her your 'specs' as to the place, what type homestead, length, fee, and so on. e; as you do "d", your lender ought to have you ever qualified to purchase a house of no greater suitable than 'y' money. f; discover one you quite like and walk via it and around it. g; make an grant from 15-35% below its indexed fee. h. wait to get a counter grant from the supplier's agent i; make certain what you will pay no greater suitable than and grant somewhat much less j. come to very final words on fee.....and placed up an "earnest money verify on your agent who will open ESCROW FOR YOU in case you reside in a escrow state. ok. wait a million mo to 4 mo to "close" escrow. once you're waiting, you employ an authorized inspector to flow into the homestead and make certain it is in acceptable undertaking OR that it is placed into acceptable undertaking. l. in case you and the supplier come to contract on the fee and who's to blame for putting x products into recommendations-blowing undertaking.......great. m. employ an appraiser--or the financial enterprise will. see in case your lender consents to the fee....it may journey or be larger than the advertising fee. n. purchase a house guarantee [for home equipment/roof, and so on] coverage o. Do an exceptionally final inspection walk via of the homestead [ideally do one inspection at evening too] p. have utilities grew to become on once you're useful while escrow will close. q close escrow--get keys, flow in. come back to me and deliver me an invitation to flow to you q.