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Home Buying Guide

Updated January 2009

The process of buying a home is quite simple, if you consider every little step of the process individually, but complicated by the fact that there are many, many steps.  Also, when you agree to buy a home you sign a contract of sale with the owner.  In real estate contracts, time is of the essence, meaning you have certain lengths of time (deadlines) to do certain things (for example, arranging financing or the closing date).  Knowledge of the home buying process is essential to negotiating the terms and conditions of the sale and purchase and becoming the happy owner of a home, while avoiding the aggravations that may come up.

Home Buying Guide
 
  • The process of buying a home (chart)
  • Summary for the buyer
  • The loan process
    • What you need for a loan application
    • How much can you afford
    • Estimating your monthly payment
  • Other contingencies
  • Settlement (closing)

Bonus

How not to buy a home: a humorous guide to avoid costly mistakes (included with the Home Buying Guide CD)

 

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