3. Purchasing a Home

Home_PlanningYou’ve found a home that you like—and it fits your needs and budget. It’s time to make an offer. But are you ready? Before you fill in the blanks on your buyer’s offer to purchase form, you need to carefully consider what terms and contingencies to include. Although your buyer’s agent can help you with these (if you are working with one), having a basic understanding of some of these considerations is a must.

After you make your offer on a home, the seller typically will make a counter offer. It’s time to negotiate. What are some aspects of negotiating successfully? Again, your buyer’s agent can help, but you can’t beat some basic preparation on your part.

Then, once the seller and you’ve agreed on the price and contract, there are the home inspection, obtaining a mortgage, the property appraisal, and fulfilling any other terms or contingencies of the contract leading up to closing.

This section provides a brief overview of these various aspects of purchasing the home you’ve found.

  • Making an Offer for the Property You Wish to Buy
  • What is a Good Initial Offer for the House?
  • Negotiating the Sale
  • What Steps are Needed to Prepare for Closing on Your New Home?
  • Time for the Closing

©2010, FoolProof Financial Education Systems, Inc. All rights reserved.

Powered by FoolProof

This website is powered by FoolProof.

FoolProof is endorsed by the National Association of Consumer Advocates and the Consumer Federation of America.


Online Education

Educate yourself, your kids, your students or your employees.

Our online education programs will teach anyone the core financial literacy skills one needs in life.

All programs are turnkey, highly educational, online, interactive, video driven, self paced & fun!

Learn more »


Receive an overview of the latest posts in your inbox, every two weeks:

Enter your email address

Sample an archived e-alert.