Steps in Buying a Home
How much can you afford – will depend on your income, credit rating, current monthly expenses, downpayment and interest rate.
Know your rights
Shop for a loan – Talk to several lenders, compare costs and interest rates
Learn about homebuying programs
Shop for a home – Choose a real estate agent; create a wish list
Make an offer – If seller counters your offer, negotiate until you both agree to the terms of the sale
Get a home inspection – Your offer would be conditional on a home inspection
Shop for homeowners insurance
Sign papers – Be sure to read everything before you sign