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How to Adult: Home Buying Edition
A step-by-step guide breaking down the process.
Previously, I have given you beginner’s guides to doing your taxes and freelancer taxes and what the different forms are and what you need to do them yourself, as well as on personal finances and building credit. I hope they have helped you!
Now, I want to focus on a huge milestone in many people’s lives: Buying their first home.
Buying a house, apartment, co-op, duplex, townhouse, any property at all is a huge deal and you should be extremely excited about it.
However, there are a lot of details. I am going to break them down here:
- Negotiating a price and getting an accepted offer
- Signing the contract
- Getting a mortgage
- Inspections, appraisals, and insurance
- Closing
These are the 5 main pieces of buying a home. Now, let’s dive into each of them.
Negotiating Price & Accepted Offer
Once you find a home you like, you need to make an official offer. Sometimes it can be an informal offer via email to the seller’s real estate broker, but the broker will then follow up with a form you need to fill out. The official…
