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August 7, 2014

Home Buying Tips to Keep Buyers Focused

The process of buying a home greatly varies in length. It can take as short as three months or as long as three years. Once a buyer is in this process, it is important to stay focused and know what his or her wants and needs are in a home. A buyer should know when to compromise and when stay firm. This list may change along the way, but it is important to establish it from the beginning.

There are three phases to this process:

1. Dreaming: This is the searching process. Homebuyers are online researching what is available in order to start to develop a more realistic list of must-haves and compromises.

2. Getting in the game: This is when homebuyers get serious and determine price and location. At the end of the day, price trumps location, because renovations are always a future possibility.

3. Compromising: At this stage the buyer needs to consider the size of the home he or she wants based on the price he or she can afford. This is the most important time to firmly establish must-haves and want-to-haves.

Homeowner’s can save valuable time and money when they follow these three steps to purchasing a home. In the end it will cut down on stress and lead to a happy and informed decision.

To read more, visit: http://www.foxbusiness.com/personal-finance/2014/08/05/how-to-determine-what-want-in-home/ 

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