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10 Steps to Home Ownership

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  2. Get a REALTORĀ®
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  5. Choose a home
  6. Get Funding
  7. Make an Offer
  8. Get Insurance
  9. Closing
  10. What's Next

The Bottom Line on Contract Negotiation


Ask these questions before you decide to go ahead with a contract.
Copyright 2008. Marcie Geffner. All rights reserved. Used by permission of copyright owner

The natural focal point of a real estate purchase contract is the selling price of the home, but the price isn't the only factor that determines the net bottom line for both the buyer and the seller. Is a bargain for the buyer really a bargain if he or she is paying all the transaction costs? Is a top price for the seller really a top price if the buyer wants all the furniture to be included in the purchase price? Or if the buyer they can't come up with the downpayment or qualify for a mortgage?

Before you decide to go ahead with a great price, here are five other bottom-line points to consider:

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Wait! are you buying the right Home?


Anyone who has ever bought a home remembers the wonderful feeling of finding the right property and falling in love with it. It's an indescribable mixture of comfort, excitement and dreams about to come true. "Can we afford it? Will the sellers accept our offer? How soon can we pick up the keys?" the excited buyers ask. Great vibes are undoubtedly a good sign in deciding to purchase a home. But you shouldn't let your emotions overrule a reasonable assessment of whether a particular home really meets your needs. Here are a few of the many rational questions you'll want to ask yourself before you rush into a commitment to buy.


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