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21 Dos and Don’ts When Buying a Home

HomeLight

You also want to check your FICO score, as this is what the majority of lenders use ; you can often get your FICO score for free if your banking institution provides it, but otherwise you might have to pay for this service. Be sure to do your research to find a reputable lender who can guide you through financing your first home purchase.

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Trying to Find That Perfect Home? They Aren’t Always on the MLS

HomeLight

We’ve heard the stories about people who managed to make an offer on a house before it officially went up for sale, beating out all the other would-be buyers and scoring the home of their dreams. Most importantly, how can your real estate agent help you facilitate buying a house before it’s listed for sale?

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Stop and Ask These 23 Questions When Buying New Home Construction

HomeLight

Their insight and experiences can help you avoid costly problems, prevent unpleasant surprises, and make a smarter purchase. It may be helpful and provide peace of mind to have someone in your corner whose primary obligation is to serve your needs, especially if you’ve never purchased a new construction home before.

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How to Buy a House without a Real Estate Agent, Just Like a Professional

HomeLight

When you find a neighborhood you love, the next step is finding a home that’s for sale and in your price range. If you decide that you are not willing to proceed with the sale because of the scope of the problems, then this will be your first chance to walk away. Find a home. Examples include a hot tub, appliances, or furniture.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. ” If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met. Active contingent. Call option.