 When you find a realtor you look forward with him, to see what are the following steps.  He helps you to set up the following steps and requirements.

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Presentation transcript:

 When you find a realtor you look forward with him, to see what are the following steps.  He helps you to set up the following steps and requirements to buy your own house.

 The firsts requirement is to contact a broker, he looks at your financial records and sees if you are able to buy a house, once you are approve you continue with the sale.  The second requirement is that you need a down payment minimum of 5 percent of the total cost of the house. But you can also give more which ever fits better with your economy.  Third requirement, after the banks approves the sale, the realtor start to book open houses for us to see that are depending on the loan the bank let you borrow.

 When we visiting open houses and choosing between the house you look you decide to buy the one you like and the one that fits better with your economy.  After you decide which one you like, you make an offer and wait about 24 hours to hear a response.  once the offer is approved you write a check for about five thousand dollars.

 The deal is done and the realtor negotiates with the owner’s realtor to see on which day is the house is good to move in.  Contact a lawyer, sign all the sales contract and the lawyer sends all the documents to the bank.  Depending on which bank, the bank makes an appointment to sign the contract and to establish the payment of the mortgage, bi- weekly or monthly

 You have to find the insurance for the house in case of fire, flooding or robbery.  Tips:  Do not let a payments late because you get charge interest for every day.

 What is the first thing you do to buy a house?  What is the first requirement of buy a house?  What is the function of the broker on the sale?  How much is minimum percent of the down payment?

 How you know if the house is ready to live.  Who sends the contract to t  How do you get charge when your payment is late?  Does the house need obligatory and