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10 Steps to
Buying a Home
[ Back to Buyer Resource Library ]
Buy Steps:
| Step 1 |
Step 2 |
Step 3 | Step 4 | Step 5 |
Step 6 | Step 7 | Step 8 |
Step 9 | Step 10 |
STEP 1 - DEFINE
NEEDS FOR YOUR NEW HOME
Congratulations on your decision to purchase a new home! Your
first step toward buying your new home will be to analyze your
needs. Your real estate agent can help you determine exactly
what you want your new home to look like and how it should
function for you and your family.
First, write down why you are looking for a new home. For
example, are you currently renting and would like to begin
building equity? Maybe you recently married and have outgrown
your current residence. Or, maybe you received promotion that
requires you to move to a new city. These factors will all have
a bearing on how you approach your home search.
Second, establish a time frame for buying your home. Depending
on your reasons for wanting a new property and the current state
of the market in the area you are looking to buy, you should be
able to come up with a rough guideline.
Finally, you probably have a mental picture of what your dream
house looks like. Turn these ideas into two lists: one should
describe your dream home and the other should list features that
are absolute must haves. In a perfect world, your new home would
fulfill both lists 100 percent, but it is more likely the two
lists will turn into a list of priorities, as you get clearer
about what you want and what is available.
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