naples florida coveredpool houseBuying a Home is one of the largest financial transactions most people will ever make, and knowing a few basic principles when buying a home can save you much pain and many thousands of dollars over the life of your mortgage.

The First Step is to select a real estate agent who will help you find the home that fits your needs and budget. It is important that you feel comfortable with your agent and that you are able to communicate what type of house you want. The better informed your agent is of your desires, the better job he can doing locating the house that meets your needs.

The Second Step is deciding where you want to live. Consider the schools in the area, if you have children, and how far are you and your spouse willing to drive to work.

The Third Step in the process is selecting the mortgage lender who will finance your home. Your real estate agent may have a recommendation, or you can check with the financial institution where you currently do your banking. Many experienced in real estate recommend selecting your mortgage lender prior to beginning the hunt for a house; that way you can get a pre-approval from your lender and will know how much you can borrow and thus the price range of the house that you can afford.

Financial contracts can be very confusing. Before signing yourself to a major long term commitment when buying a home, have an attorney, familiar with buying a home, financing and taxes, examine and explain the details (where the Devil is). A good tax finance attorney can save you many times his fee over the years, not to mention possible legal problems.

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