first time buyer looking to spend around 70,000 dollars on a home somewhere in the u.s. looking to set up my finances and also go threw the steps of buying a house but have no idea on what to do first...and basically all the steps to buying and closing and owning
2007-03-08 05:37:43 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
You need to talk to a realtor and they will tell you everything you need to know but you first have to find a place and where you are or wanna live.
2007-03-08 05:42:09 · answer #1 · answered by Mary O 6 · 1⤊ 0⤋
Well unless you plan on paying with all cash I would get in contact with a lender and get yourself prequalified first. Then after you get prequalified I would begin to look at what it is you can afford and want to afford. You need to have cash to pay the down payment, closing costs, and moving costs so you might want to estimate those as well so you don't find yourself short at some point during the process. Then depending on whether you are buying a single family detached home or whatever, I would get in contact with a real estate agent, yes you will have to pay them but they are worth the money especially if you've never done this before.
2007-03-08 05:48:32 · answer #2 · answered by nickhawkins21 3 · 0⤊ 1⤋
some steps: in case you pick a private loan; be sure you get a pre-authorized very own loan so which you be attentive to ways plenty $$$ you're working with... stumble on a realtor you have confidence and or initiate procuring for residences on line; those days, maximum residing house listings could be got here upon on some type of on line database.. discover the residences your are attracted to finding at and then pass examine them out... each state has diverse expenses; some require you to have a criminal expert, regardless final expenses could be as much as hefty counting on residing house... materials tax could be escrowed or no longer, it is as much as you. yet till now you're taking everyone's advice; talk with a expert who can take a seem at your cash pass and notice while you're financially set to arise with the money for a house (loan, coverage, tax, and so on...)
2016-11-23 15:31:45 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Nickhawk is wrong. You don't pay the agent if you are the buyer. We get paid by the seller's agent at closing. we split the commission. Get a local agent to go over the procedures with you. It is too lengthy to go into detail here.
2007-03-08 06:02:46 · answer #4 · answered by Anonymous · 0⤊ 0⤋
The best tip I would give you is:
Find a good Real Estate Agent, someone with experience and you can trust.
He/she will guide you through the purchase process with the least amount of headaches.
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Your Creative Real Estate Investing Forum
2007-03-12 06:39:07 · answer #5 · answered by Anonymous · 0⤊ 0⤋