Five Things Every Home Buyer Should Know Before Signing a Contract (Article)

De: Tom Sheppard

Narrado por: Virtual Voice

At least half of all purchase and sale contracts to buy a home fall apart before closing. When that happens there are usually a lot of frustrated people. Most of that pain and frustration can be avoided. If you ever think you may want to buy a home, you need to read this. And, you need to read it before you call a real estate agent. Even if you are an experienced home buyer, this article can help you to make sure that when you make that move to buy your dream home, you will know what you need to succeed. If you want to live the rest of your life renting, then don't read this article. Before you sign a contract to buy a home, there are 5 things you must know: How much can you really afford to pay? Unfortunately, the answers the bank or finance company and the real estate agent may give are not right. They may be putting you on the fast track for a credit rating train wreck. Find out what you can really afford to pay, without forcing yourself into a position where you are one paycheck away from being thrown out of your new home. How much is the house actually worth? The real estate agent and home owner may overstate the value because the higher offer gets them more money. The bank may want the value to be understated. The same house in another neighborhood may have a very different value than they one you are looking at. Find out how to get to the real value. Did you know that they home buyer often does things that destroys their chance for a house, after they got an offer accepted? Learn what NOT to do. Learn all this and more in a few minutes. This short article (3,500 words) provides valuable information helping those who want to buy a home to avoid having an already daunting experience become a nightmare and a series of unrelenting disappointments. Without this information, you are likely to experience delays and frustration that could result in leaving you stuck renting when you could otherwise buy a home.