Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

How to Buy a House?

By Seolncr Subscribe to RSS | May 25th 2012 | Views:
loading
 
  



Having one own desired home is dream of every man or women but there is a need to a homework and give considerable effort so that the process is completely hassle free. Please read thoroughly to get an idea how to buy a house by following a few easy steps

Steps

Step 1:

Strengthen one’s credit: Higher FICO score well it is for one. The score ranges from 300 till 850 and one will qualify for a better rate. It is the first step of How to buy a house

Step 2

One has to determine that how they can afford for a house and what amount they will have to borrow

o One is expected to show off 10-20% of home’s appraised value

o One should also find out the ratios which the lender is using to ascertain whether one qualifies for the loan or not. One’s outstanding debt should not exceed three hundred dollar either they will be disqualified.

o Calculate ones expected expenses for housing.

o Determine on the fact that whether one needs to sell off the present home to buy a new one.

Step 3

One to get a pre approved loan, don’t confused with pre qualified one to know what is the exact amount one can pay. To get that one will have to apply for loans to different lenders within a period of two weeks so that the injury does not affect one’s credit report.

Step 4

Now when one knows exactly how much one can afford then one must look for houses. One should look out for as many options as you can

o Get enlisted to Multiple Listing Service (MLS) so that one gets to know the available property option in the area one wants to buy a house.

o Get oneself a good agent for real estate that will search and negotiate housing deals for you. The agent should be open, amiable, interested, confident, relaxed, and qualified as well.

o One must define the specific area where they are willing to buy a home.

o One should themselves visit a couple of open house till gauge to know what the market has to offer and what actually one is willing to buy

o If one likes a property but is unsure about its price then one must get it appraised by the local appraiser. This is an important step how to buy a house.

Step 5

This is an offer stage

o When one signs an offer they are obliged to by the property otherwise one will lose the deposit.

o The final acceptance depends on the well suited house inspection.

Step 6

One must get the house energy audit done for the new home to ensure that offered contract has contingency on its outcome. This another important step of how to buy a home

Step 7

Close escrow.

Close escrow is a basically done in the escrow office which involves signing of the documents which are related to property and the mortgagearrangements done.

Seolncr - About Author:

Home experts worked for Orlando and Central Florida new homebuilders. Now, it's our honor to take care of the buyer's needs. For more info about How to buy a house and How to buy a house in florida visit jwpnewhomes.com.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/business-articles/how-to-buy-a-house.htm

Related Business Articles Subscribe to RSS

Importance of internet for buying destin florida homes for vacations
Published by Dany on May 11th 2012 | Business
Whenever we talk about beauty apart from other factors Destin Florida is best the place which strike...
 
What interior house painters can do for your home
Published by Daniel Painting Service on May 25th 2012 | Business
A fresh coat of paint can instantly change the feel of the rooms in your house. Whether you’re a f...
 
Guest house Provence is luxurious
Published by Meghnath Kumar on February 3rd 2012 | Business
The difference shown by the hotel Provence is simply amazing, and the people will love those changes...
 
Accounting Services are Provided by Either Outsourced Firms or In-house Accountants
Published by Amitaabh Saboo on May 9th 2012 | Business
Accountancy refers to a process of disseminating financial information about a corporation to shareh...
 
The Benefits of Third Party PR Consultants in Comparison to In-house Professionals
Published by Julia Roger on April 26th 2012 | Business
An experienced PR will always be better in providing the best of support and guidance in the marketi...
 
The lighting in your house gives a pleasant atmosphere
Published by Emiley Brethern on December 30th 2011 | Business
Home decoration is a great way to make immediate changes in the space of a person. Even small change...
 
Own a house in Sunny Enclave
Published by Deepti on March 27th 2012 | Business
The property of Mohali is flourishing and touching new heights like never before. if you are looking...
 
Give your house a brand-new makeover with wood flooring NJ
Published by Floor Expo on November 25th 2011 | Business
Wood Flooring NJ offer different types of hardwood flooring solutions to customers, depending on the...
 
Why destin florida homes are best and great choice for buying property
Published by Dany on May 11th 2012 | Business
If person wants to buy any property in Destin Florida then person should read this informative and w...
 
A complete guide to own a waterfront house in Naples, Florida
Published by Seolncr on May 7th 2012 | Business
If you are looking for waterfront homes for sale in Naples, Florida, you are on the right lookout, w...
 
Stress Reducers to keep at hand for the next house or office move in Kuwait
Published by Simon Dcruz on March 2nd 2012 | Business
Storage Kuwait, a leading operator of moving services in Bahrain often uses innovative tactics like ...
 
Get a home in houses in naples florida for sale golf Naples
Published by Harry on July 4th 2012 | Business
An excellent agent will be able to demonstrate you top quality qualities Naples and settle as your r...
 
Naples florida best place to buy beautiful home.
Published by Harry on May 22nd 2012 | Business
If you plan to sell your property, you can find best deal with the help of Naples Florida Realtors. ...
 
Why Outsourcing Bookkeeping Work is Better Than Hiring a Full-time In-house Bookkeepers
Published by Amitaabh Saboo on May 11th 2012 | Business
Bookkeeping is a fundamental part of any business. It involves the tasks performed by a bookkeeper s...
 
Tips to impress potential house buyers
Published by Melissa Welsh on January 3rd 2012 | Business
If you have gone through the process of house hunting, then you are probably well aware of being dis...
 
Residential Window Cleaning in London will transform your house.
Published by James Blee on June 16th 2012 | Business
Many of us are so busy in the capital that it is hard just to keep of the regular housework, let alo...
 
Naples florida: nice place to get a dream house
Published by Harry on April 30th 2012 | Business
You can find potential buyers through the Naples Florida real estate dealer, or you can directly sel...
 
Get the best house deal in Mississauga with reliable real estate agents
Published by MySquare on January 24th 2012 | Business
The economic condition in Canada has advanced a lot and people from all over the globe is finding th...
 
Dream house with unique designs looks perfect for today’s life style
Published by Jake Hecht on January 13th 2012 | Business
The world’s best luxurious home at dream estate can build unique home in a reasonable cost. We are...
 
GET YOUR BEST HOUSE AT new homes for sale in naples florida
Published by Harry on March 5th 2012 | Business
There are plenty of homes in real estate in florida naples. You may go about choosing in two ways. T...