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Buying Your First House - A First Time Home Buyer's Checklist

If you are thinking of buying your first home there are many things you need to know during the whole process, we will discuss most of the more important things that many house buyers may not take into consideration. You need to be sure you qualify for a property so getting pre-qualified by the good lender is the first place to start. If you have a good agent and want a good lender they can likely refer you one they have worked with many times in earlier times.

Do not change work opportunities, during the loan process it's going to create a very real problem and will keep you from qualifying for a home. Keep your money where you now have it, do not change banks or move your cash around. It is important for your lender so as to verify funds and moving it makes it more difficult. Even after you have a home in contract it is vital you don't make any large purchases that may have an impact on your qualification to get a loan.

Have a good real estate agent, one that has experience in the entire process. Using a friend or family member or an agent that dabbles in the business is not a good option if they are loads of cash experienced in the buying and selling process, it can wind up costing you money or your home you really want. Your agent should assist you with advise but not push you into a purchase that doesn't suit you or is more than you are comfortable paying.

Your real estate solution should be one that you are comfortable with, one that will play your needs and be able to answer questions of concerns or any advice you may need. Your real estate agent should know the area and ways to negotiate and prepare all the paperwork. An agent that does not work the business full-time can probably not match all the changes our real estate market has seen in days gone by several years.

Your real estate agent will customarily be paid by the seller of the property you are buying, this should supply you with a sigh of relief that you not have additional fees. Respect the fact that your agent works for you without the need of getting paid until a close of a property so use only one agent, do not use multiple agents - you could learn yourself owing a commission using some situations to one of many other agents that exhibited you homes.

Learning about the different kinds of loans and different categories of ways to take title proceeds from your lender and from the title company. These are subjects to be discussed in future article content. Learn how to be one of the wise home buyers.