Buying a home is often times, by many circles and numerous experts, the most important, the largest, and the wisest investment the average American will make in their lifetime. A home carries with it enormous responsibility, value, and equity. A home can become a primary saving account for retirement. It can be used as collateral for other investments. A home is more than just an investment; a home is a place of residence. Residents will sometimes spend there entirely life in the home they purchase. They will eat, sleep, party, love, fight, grow old, and bring new life into the world all while living in the number one monetary investment the resident has made in their life.

Because so much importance rests on the value of the home one invests in, the finding process is critical. The first thing most people should do is realize that even though they are a totally competent person, buying a home is intensely complex. Buying a home takes a lot of experience, and sometimes the only way to gain that experience is to hire out a professional to assist in all the stages of the search. Interviewing, looking for, and finally hiring a realtor is an important part of the process. Only a few percent of people in the world are able to pay cash for their home, a huge majority of buyers require financing. When an individual has to finance a home, there will often have to be numerous contracts, personal, and fine print that in some cases only a real estate agent will be able to assist with handling.

One of the greatest parts of the purchasing process a realtor will help with is finding THE home. The home that will help raise children, provide comfort, safety, shelter, or in other words, a life.

After the home is found, then comes buying the home. A home buyer will inevitably go through the tough process of getting the seller to sell the home to the buyer. Having pre-approval will help in this part more than any other single thing a buyer can do. Pre approval shows that they buyer does have good credit, is shopping within their price range and that a lender will give the buyer the loan to effectively buy the home. A realtor will assist incredibly when it comes to the negotiations. One of three things will happen, a seller will offer a price and the buyer will take the price. A seller will offer a price and the buyer will reject the price. Or a seller will offer a price, and the buyer will offer a counter offer and so on until an offer is finally accepted. A realtor is an incredible resource when it comes to offering and counter offering. The process can actually be tricky and it takes time, knowledge, familiarity, and experience to make the right offer.

The cardinal sin of buying a home is to offer too much, or to offer an amount that will not be financed by any financing institution. Make sure that the home that is chosen and purchased is within the price range of the bounds of the budget, or serious consequences could end up occurring in the way of foreclosure or loss of credit.

Author Bio: Juhlin writes about Fountain Hills AZ homes for sale and Tempe AZ homes for sale. If you are ready to buy a home you can opt to have the newest Phoenix AZ homes for sale or Tucson real estate sent to you.

Category: Real Estate
Keywords: homes, real estate, buying a home, selling a home, realtor, realtors, loan, mortgage, foreclosure, s