Buying a home may be complicated, but it's easier if potential buyers take it just one step at a time. Use this short guide to get a better idea of how the next few weeks (or months) will look.
Finances First
Before buyers even look at an Open House sign, it helps to know what they can afford first. To avoid frustration, talk to your bank about available loans. (For a quick calculation, it's recommended that buyers spend about a third of their income on a mortgage payment.) Remember that pre-approval is not a guarantee by any means. Just because a bank states that a buyer is eligible for a loan of $500,000 doesn't mean that the loan always goes through. Pre-approval is generally a good way to determine financial security, but the reality is
…