Money Monday: Your 10-Step Plan for Buying a Home

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  • Explore Homebuyer Programs
  • Find a Reputable Realtor
  • Review the Selection
  • Order a Home Inspection
  • See Things Through to the End
  • Take Your Seat at the Closing Table
  • Step One
  • Set Yourself Up for Success
  • Figure Out What You Can Afford
  • Make Wise Financial Choices
  • Get Pre-Approved for a Mortgage

Review the Selection

As a buyer right now, the world will literally be your oyster in most geographic markets. You’ll probably see a number of foreclosure, short sale, and “traditional” options on the market. Talk to your Realtor about the selection and come up with a buying plan that works best for you. A foreclosure, for example, could take longer to close but may present a much better deal for you. A traditional sale, on the other hand, may get to the closing table faster for a slightly higher price.

 

(Photo: Joe Raedle/Getty Images)