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.

TRANSCRIPT

Page 1: The process of Buying a Home

Contents

Introduction....…......…............……1

For How Long do You Plan to

Keep the Property?..........................2

Seek the Advice of an

Acknowledged Expert.....................2

The process of Buying a HomeBuying a home is a major decision. This is

equally true, whether you are purchasing it as an

investment, as a vacation home or as your

primary residence. It will in most likelihood also

be your largest single purchase, and you need to

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.

Page 2: The process of Buying a Home

2

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.

There are many pitfalls along to road towards a successful

residential property investment. However, when these are avoided,

it is possible to make good money from real estate. When you find

a home on ForeclosureDataBank.com, it is our hope that you

make the right decisions, and this is why we not only sell

foreclosure real estate, but also offer valuable information on

foreclosure investing.

Foreclosure DataBank1602 Alton Road #432Miami Beach, FL 33139

1-888-596-9279

contact@ foreclosuredatabank.com

The biggest foreclosures database on the web

Find us on the Web:www.ForeclosureDataBank.com

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.

For How Long do You Plan to Keep the Property?