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Are you thinking about buying a house? Many people are familiar with looking at houses on line now days. Many people like to spend nice Sunday afternoons going to open houses, even if they are not really in the market. If you are in the market, it is important to work with a Realtor. You might say, “I don’t need to do that”, like some people say “I don’t need to ask for directions” or “I don’t need to read the instructions”. But just like those people, you will find yourself at a place where you had wished you had worked with a Realtor. Realtor’s make their living working with buyers and sellers. That should suggest to you that they have information important to you. Agency law governs the relationship between a relator and the customer or client. In the District of Columbia, if a realtor does not represent you, the buyer, then he represents the seller. It is important if you are a buyer that you get a buyer agent, someone who will represent your interests. A realtor can write a contract for you and not represent you. Always clarify by asking, who do you represent?
The first thing you need to do though is get your money in order. Here are the important steps of the buying process:
Step 1: Are you ready? Are your finances in order?
Step 2: Get Loan Pre-approval
Step 3: Get a Realtor
Step 4: Search for Homes
Step 5: Choose a Home
Step 6: Make an Offer
Step 7: Get Inspection and Insurance
Step 8: Get Funding Approval from Mortgage Lender
Step 9: Close the Loan
Step 10: Move In!