The ins and outs of BUYING A HOME

Calling the real estate agent, checking out the property (location, schools, neighborhood, commute), making an offer, a counter-offer, inspection, mortage, closing costs... whew! There is a lot to know about buying a home. First things first. How much house can you afford? According to a general rule take your salary (before taxes) X3 minus any outstanding debt and there is a rough estimate of how much you can afford. I made a list of pros and cons about the home we are looking at to make sure it was still a good deal. Also talk to the neighbors find out as much as you can about the house (how long has it been on the market, any bids, etc.) I was able to find out that the owner has been relocated, and no one has lived in the home since March. This is called leverage and puts pressure on the seller, as for me, I don't need to move at this time, but will not pass on such a great deal. MSN Money recently had a good article that talks about 8 signs you're ready to buy your first home

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