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Jan 1, 2009

12 Steps to Buying an Affordable Home


So I just finished reading this book called "How to Buy a Home When You Can't Afford It" by Robert Irwin. They had a lot of good tips on how to get into a home. One of the most helpful sections was just knowing the steps to buying a home.

Here's the 12 Steps they list to buying an affordable home.

1. Get Pre-Approved
2. Get an Agent.
3. Find the Property
4. Make an offer - negotiate.
5. Open Escrow.
6. Put your deposit in escrow.
7. Get your financing.
8. Inspect the property.
9. Do a final walk through.
10. Deposit money into escrow.
11. Sign the papers.
12. Get the key.

I'd recommend the book as a good reference - even though some it may not be relevant due to recent changes in real estate market including Fannie May and Freddie Mac.

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