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Whether you are buying a home in your area or looking for
homes to buy in a new location, 
RealBiz5 can help you find the right location, cost and agent to assist you
with all the home buying details. Use RealBiz5 to help you find real estate
agents who will make the process of buying a new home in your neighborhood as
easy and as successful as possible. Whether it is your first home or your retirement
home, buying a home should be an enjoyable and successful experience and finding
the right agent is important. Use this link to find agents to help you with
buying a home. The homebuying process can seem complicated, but if you take
things step-by-step, you will soon be holding the keys to your own
home!
Nine steps to buying a home
- Figure
out how much you can afford
- Know your
rights
- Shop for a
loan
- Learn
about homebuying programs
- Shop for a
home
- Make an
offer
- Get a
home inspection
- Shop
for homeowners insurance
- Sign
papers
Step 1: Figure out how much you can afford
What you can afford depends on your income, credit rating,
current monthly expenses, downpayment and the interest rate. The
calculators below can help, but it is best to visit a lender to find
out for sure.
Need help with your downpayment and/or closing costs?
A housing counselor can help you figure out how to manage and pay
off your debt, and start saving for that downpayment!
Step 2: Know your rights
Step 3: Shop for a loan
Save money by doing your homework. Talk to several lenders,
compare costs and interest rates, negotiate to get a better deal.
Consider getting pre-approved for a loan.
Step 4: Learn about homebuying programs
FHA loan programs offer lower downpayments and are a good option
for first-time homebuyers.
Step 5: Shop for a home
If you choose a home in a neighborhood with a Home Owners
Association (HOA), be sure to request a copy of the HOA packet, so
you can review before closing.
Step 6: Make an offer
Discuss the process with your real estate agent. If the seller
counters your offer, you may need to negotiate until you both agree
to the terms of the sale.
Step 7: Get a home inspection
Make your offer contingent on a home inspection. An inspection
will tell you about the condition of the home, and can help you
avoid buying a home that needs major repairs.
Step 8: Shop for homeowners insurance
Lenders require that you have homeowners insurance. Be sure to
shop around.
Step 9: Sign papers
You're finally ready to go to "settlement" or "closing." Be sure to read everything
before you sign!
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