Due Diligence for Home Buyers

Quick Takeaways

  • Understand what you can afford
  • Down payments and PMI
  • Find your team
  • Find the right home
  • Work with your lender
  • Make your offer
  • Inspection and appraisal

Source: Buying a Home (FreddieMac, 2021)

There are many financial obligations beyond the down payment when buying a house. Acquaint yourself with the fees associated with the process, as well as the state of the housing market in your area.

Take proactive steps to build and protect your credit. Determine your budget ahead of time using tools such as online calculators and balance sheets. Evaluate your need for a real estate attorney depending on the situation and state in which you live. Learn the value of enlisting a real estate professional to help you through the process.

See References for more information.

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