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The process of Buying a Home

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Buying a home is likely to be the largest investment that an American family ever makes.This presentation from ForeclosureDataBank.com provides important tips on how to get this right.

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									The process of
Buying a
Home
                                                     Contents
Buying a home is a major decision. This is
                                                     Introduction....…......…............……1
equally true, whether you are purchasing it as an
                                                     For How Long do You Plan to
investment, as a vacation home or as your
                                                     Keep the Property?..........................2
primary residence. It will in most likelihood also
                                                     Seek the Advice of an
be your largest single purchase, and you need to     Acknowledged Expert.....................2

make sure you get your money back with interest.
For this reason, you must make the right
decisions, especially as you could be taking out a
housing loan or mortgage. The first key factor is,
therefore, how much you can afford to pay a
month / how much passive income you can forgo.
                                          2

                                              For How Long do You Plan to Keep the
                                              Property?

                                              Every speculator’s dream is to pick up a house in a hot spot for
                                              next to nothing, fix it up and make good money. Unfortunately this is
                                              the exception, not the rule and most times we have to wait a while
                                              for the market to catch up. This is why experts say that the potential
                                              growth in equity (excluding further investment) is largely set the day
                                              you sign the deal.


  Seek the Advice of an Acknowledged Expert

  We all tend to listen to what we want to hear, and to discount information that does not sit comfortably
  in our paradigms. To avoid making bad decisions it is therefore best to seek advice from a local
  property specialist, who is ten-to-one a realty firm. They will be able to asses the extent of essential
  repairs that may be needed. These must be factored into the price that you offer, failing which you
  could end up with a loss.



Foreclosure DataBank                           There are many pitfalls along to road towards a successful
1602 Alton R oad #432                          residential property investment. However, when these are avoided,
Miami Beach, FL 33139
1-888-596-9279                                 it is possible to make good money from real estate. When you find

contact@ foreclos uredatabank.com              a home on ForeclosureDataBank.com, it is our hope that you
The bigges t foreclos ures databas e on        make the right decisions, and this is why we not only sell
the web
                                               foreclosure real estate, but also offer valuable information on
Find us on the W eb:
www.Foreclos ureDataBank.com                   foreclosure investing.

								
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