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Buy A House

Posted by  on Apr 16, 2009
 
Buying a house can be one of the most frustrating tasks in the world. In fact, the stress level of buying or selling a home is equivalent to the stress level of a death of a spouse or a divorce. Buying a house is a wonderful idea, but it is important to look at a few things before you take on this task!

Results will be worth you while, but it is a good idea to be well prepared. There is even more paperwork today than there ever was back then along with more choices when it comes to loans. Nothing is more emotional and more highly charged than purchasing the place where you are going to raise your family, put down roots in the community, become involved in schools and other civic organizations. To make that decision without having an advocate is nothing short of foolhardy. It is in your best interests to be adequately represented in this because it is the most important of all financial investments for your family's well being.

A time will come in the not too distant future where no knowledgeable consumer would even consider buying a home without this important representation. Be happy that you are at the forefront this time and that you have the vision to protect your family's interests in this way. These are very important things to keep in mind when you are looking for a house.

There has been an increase in disclosure that allows the buyer to make a more informed decision. This has been of great benefit to the average buyer. If people know what is going on from the very beginning and can make an informed judgment of their own, then they readily accept responsibility for the events that follow. What they do not like is not being told something that would have made a difference in how they saw things and how they approached the decision-making process.

That is partly why being an exclusive buyers' agent has so much appeal. The listing agents cannot do that. They are obligated through the laws of agency to represent the sellers. What this means in reality is that it is their job to get the most money and best terms from you as they can for their sellers. There is nothing wrong with this. It is the way real estate has been conducted for years.

When buying a house, make sure that you find a Realtor to guide you through the process. The best way to do this is to have realtors compete for your business to see which one is best for you. Find a house that meets your needs and desires. Find out the Fair Market Value of the house and receive a free comparative market analysis plus neighborhood comps for the house you want. Make an offer to the seller. Negotiate a sales contract. Apply for a loan to get the money to buy the house. You can use online services to get rate information from up to four lenders at once. Have a house inspection done. Get the loan commitment from the bank. Go to the "closing" to complete the purchase of the house. Then go to your new home!

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