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Big cities in expensive states like California and Massachusetts are all but off limits to hopeful homebuyers.
If youre ready to buy a home, then you oughta know whats next in your homebuying journey.
If you work from home, you may want a room that can be solely a home office.
Look, we all want a spacious abode, but can you afford it?
Know the bang out of house you’ve got the option to afford as well as the location.
Theres a pretty simple formula to follow here.
Anything more than that and you risk being house poor.
First, get preapproved for a mortgage loan.
But it pays off when you start your home search because a preapproval letter shows youre a serious buyer.
Youll determine whether it makes sense to go for a 15-year mortgage or a 30-year mortgage.
Askfriends and familyfor references and then read reviews online.
Your agent will help you set realistic expectations and target your search toareas and homesyou can afford.
Time to make an offer another process your realtor can help you handle.
Your real estate agent will work with you to submit a solid offer, Cruze said.
Being preapproved with your lender and having aflexible closing datecan make your offer stand out.
You still need to ensure that the home is as good as you think it is.
This means paying for a professional inspector to come in and check everything out in person.
Step 9: Wait Out Final Loan Approval And Close Escrow!
Prepare to be patient for this part, Cruze said.
Once youre finally done withall the financial fine printand are happy with the home youre buying post-inspection, congrats!
you’re free to safely proceed to close escrow.
This means signing a ton of paperwork.
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