Buying a Home
Buying a home can often times seem like an overwhelming and confusing process with no clear starting point, we have created this resource page for potential home buyers to learn more about the real estate process and necessary steps to complete. Buying a home can be an excellent investment for your future and provides you with immediate housing benefits.
The first step in the home buying process, is to have a better understanding of your credit report. It is important to know your credit score and check from time to time for inaccurate or unauthorized entries. To obtain copies of your credit reports from the three major credit reporting bureaus, visit the following links:
Trans Union http://www.transunion.com/
Free Credit Report
Once every 12 months, you may request a free copy of your credit report from all three credit bureau’s. For more information on how to request your copy, visit:
Annual Credit Report https://www.annualcreditreport.com/cra/index.jsp
Repairing Your Credit
There are steps you can take to begin repairing your less than ideal credit score. If there are errors within your credit report, take the necessary steps to have these entries removed. The following is a link to a sample letter you can use to write to credit reporting agencies: http://new2uhomes.com/pdf/creditors-sample-letter.pdf
Paying Off Judgments
If you discover there are judgments against you, it is important to pay these off.
Not all realtors are created equal, discover why at:
Buy vs Rent
Many first time home buyers address the age old question, should I buy or rent? The following articles provide insight about the buy vs rent debate.
Why It Is Smart to Buy: http://moneycentral.msn.com/content/Banking/Homebuyingguide/P72655.asp
Buying vs. Renting: http://www.nytimes.com/interactive/business/buy-rent-calculator.html
Information on how buyers agents work.
How Buying A House Works: http://home.howstuffworks.com/real-estate/house-buying11.htm
Definition of a Buyers Agent: http://homebuying.about.com/library/glossary/bldef5.htm
Information on the sellers agent.
Fiduciary Responsibilities: http://www.lajuett.com/buyers/fiduciaryresp.htm
Resources for Soon-to-Be Homeowners
The Housing Council
Avoid Predatory Lending
Frequently Asked Questions
Common questions answered by HUD