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Step 10: Closing

In order to complete your home sale, you will need to go through a closing procedure.

Step 1: Checking Your Credit

When buying a home, one of the first things you should do is check your credit report and score.

Step 2: What Price Home Can You Afford?

Before you start looking for your new home, you need to know what your price range is. But how do you determine what you can afford?

Step 3: Mortgage Pre-Approval

Getting pre-approved by a lender before shopping for a home helps you in two ways.

Step 4: Finding a Real Estate Agent

When buying a home, it's helpful to have a real estate agent who will keep the process running smoothly.

Step 5: Finding Your Home

To avoid wasting time looking at homes that aren't right for your family, first set aside time to determine what you need in a home.

Step 6: Making an Offer

Once you've found the right home, the next step is to make an offer to the seller.

Step 7: Choosing the Right Mortgage

One of the most critical steps in buying a home is finding the right mortgage.

Step 8: Locking in Your Rate and Points

Since weeks, and sometimes months, can go by between having your offer accepted and closing on your new home, it's a good idea to lock in your interest rate and points.

Step 9: Home Inspection and Appraisal

Before you finalize the sale of a home, you should hire a third party to do an inspection of the property.
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