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Congratulations on your decision to
purchase a new home! Your first step toward buying your new home will be
to analyze your needs. Your real estate agent can assist in analyzing your
needs so that you will be able to get a clear picture of exactly what you
want your new home to look like and how it should function for you and
your family.
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First, you should write down why you are
looking for a new home. For example, are you currently renting and would
like to have a home where you can begin building equity? Maybe you
recently married and have outgrown your current residence. Or, maybe you
have just gotten a promotion, which requires you to move to a new city.
These factors will all have a bearing on how you approach your home
search.
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Second, establish a time frame that you
would like to stay within for buying your home. Depending on your reasons
for wanting a new home and the current state of the market in the area you
are looking to buy, you should be able to come up with a rough guideline,
which you can finalize at a later time.
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Last, you most likely have a mental
picture of what you would like your house to look like and what features
it should have. It's very important to write these ideas down to avoid any
ambiguity later in your home search. You should make at least two lists:
one should be a list describing your dream home and the other should list
the features of the home that are an absolute must have in order to buy
it. In a perfect world, your new home would fulfill both lists 100
percent. It is more likely that you will end up blending the two lists
into a schedule of prioritized items as you progress through the buying
process. This is a natural and evolutionary process as you get clearer
about what you want and what is available.
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