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New Year - New Home! 5 Basic Home Buying Steps (Part II)
So, you've moved passed Steps 1 and 2 - you've picked your lender and found the Realtor® that is going to help you find that perfect home....... What? You missed Steps 1 and 2? No worries - you can catch up at "The 5 Steps to Buying a House". Go ahead, catch up, I'll wait! (hint: click the link)
The next 3 Steps in Buying a House are very time sensitive and will take careful coordination. ** It is important to note that Steps 3 - 5 may differ from state to state and what I am outlining here is specific to North Carolina.
Step 3: The Offer To Purchase
Congratulations! You have found "the" home and are ready for the next step - Making an Offer. Don't be scared! The lender and Realtor® that you chose in Steps 1 and 2 are there to help guide your through this process. Your Realtor® will prepare a CMA (Comparative Market Analysis) that will "show the story" of the homes that have recently sold in the neighborhood you are interested in as well as other homes that are currently for sale in the neighborhood. This CMA will assist you ... more
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