Lloyd Kagin have accomplished advisor to commercial real estate owners and small market companies. Buying a home can be a very intimidating process, especially if you've never done it before. Lloyd Kagin shared Essential steps in the home buying process.

1. LLoYd Kagin - EssEntiaL
stEps in thE homE buYing
procEss

2. start thE rEsEarch EarLY
Once you can, start reading Sites,
newspaper publishers, and
magazines that contain real estate
listings.
Take note of particular homes you
are considering and see how long
they stay on the market. Also, note
any changes in asking prices. This
will give you a sense of the housing
trends in specific areas.

3. dEtErminE how much housE You can
afford
Loan providers generally recommend
that individuals look for homes that
cost no more than 3 to five times
their total annual household income if
the home buyers intend to make a
20% down payment and have a
modest amount of other personal
debt.
However, you should make this
determination based upon your own
financial situation. Use our
Affordability Calculator to see how
much house you can afford.

4. Find the best real estate
agent
Real estate agents are essential
companions when you're buying or
selling a home. True estate agents
provides you with helpful information
on homes and neighborhoods that
isn't readily accessible to the public.
Their understanding of the home
buying process, settling skills, and
familiarity with the region you want
to reside in can be extremely
valuable. And on top of that, it
doesn't cost you whatever to how to
use agent - they're paid out from the
commission paid by the seller of the
house

5. have a home inspection
Typically, purchase offers are
contingent on the home inspection of
the house to check for signals of
structural damage or things which
may need fixing.
Your agent usually will help you set
up to obtain this inspection conducted
in a few times of your offer being
accepted by the supplier. This
contingency protects you by giving
you a chance to renegotiate your
offer or withdraw it without penalty if
the inspection reveals significant
materials damage.

6. put together the paperwork
Obviously, there is a lot of paperwork involved in buying a
house. Your lender will arrange for a title company to manage
all the paperwork and make sure that the seller is the rightful
owner of the house you are buying.

7. Close someone buy
By closing, you will indication all of
the paperwork needed to complete
the purchase, together with your loan
documents.
It often calls for a couple of days and
nights for your loan to be funded
following the paperwork is returned
to the lender. Once the check is
delivered to the seller, you are ready
to increase your new home!

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