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Consider your budget, desired location, size of the home, amenities, and future resale value.
Evaluate your financial stability, including your credit score, debt-to-income ratio, and savings for a down payment and closing costs.
The first step is usually getting pre-approved for a mortgage to determine your budget and increase your credibility as a buyer.
Down payment requirements vary depending on the type of mortgage and your lender, but typically range from 3% to 20% of the home's purchase price.
The timeline varies depending on factors such as market conditions, financing, and the complexity of the transaction, but it typically takes 30 to 45 days from accepted offer to closing.
Earnest money is a deposit made to the seller to demonstrate your seriousness about buying the home. The amount varies but is typically 1% to 3% of the purchase price.
A home inspection is a thorough examination of the property's condition. It's highly recommended to uncover any potential issues before closing.
Working with a real estate agent can provide valuable expertise and guidance throughout the home-buying process, from searching for properties to negotiating terms, closing the deal and much more!
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