Appraisal: An estimation of a home’s market value by a licensed appraiser based on comparable recent sales of nearby homes.
Thinking of Becoming a Home Buyer?
We'll walk you through the steps!
When it comes to buying a home there's a lot that needs to get done. It can be overwhelming and if it's your first time you might not even know where to start. Many different professionals are involved in the home buying process: real estate agents, lenders, inspectors, and escrow. All these will play a role in your home purchase. You will find out what each of their roles are in the steps bellow.
If you're new to real estate you might be asking, "What are the qualifications to buy a house?"
Well, there are many ways to buy a home. One way is to make a cash purchase. Give the seller the lump sum price he's asking for his home and now you own it. If you don't have the bank account to purchase $220k - $280k of real estate right off the bat, don't worry.