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Steps to a Successful Home Purchase

by Jessica Wormeck November 1, 2010

Buying a home is a big deal, and ranks among the most important decisions that a person makes in their lifetime. While they occur millions of times a year, real estate transactions can be complex. That's why it is wise to become educated and to surround oneself with skilled experts prior to purchasing a home.

By following these important steps, you can help ensure a successful purchase of your dream home:

  • Work with the Pros: Rely on the expertise of a real estate professional, lender and attorney who are familiar with the area in which you would like to buy a home. Make sure you are confident in the abilities of the people you choose for your team, and that you are comfortable asking questions and sharing information with them.
  • Ready, Set Go: Once you start looking at homes, the process can move rather quickly and you may have to make critical decisions on a moment's notice. Before you begin looking at homes, be sure you have a clear idea of what your wants and needs are, as well as the price you are willing (and able) to pay.
  • Think Long Term: You probably won't live in your new home forever, so carefully consider each home's resale value to make sure its features will appeal to a broad range of future buyers.
  • Be Reasonable: Everyone wants to get the most house for the best price, but be careful not to insult the seller with a starting bid that is unreasonably low. Not only can this start negotiations off on the wrong foot, but you could wind up missing out on the home altogether.