: Your agent will help you pick a price. You'll likely include "contingencies," which are "get out of jail free" cards if the inspection is bad or your loan falls through.
: A buyer鈥檚 agent is usually free for you (the seller pays them) and they handle the heavy lifting of scheduling and paperwork. how to buy a house for dummies
: This is a letter from a lender saying they will definitely lend you $X amount. Most sellers won't even look at your offer without it. Follow the 30/30/3 Rule : : Your agent will help you pick a price
: Your bank will hire someone to make sure the house is actually worth what you're paying. If it's not, you may have to cover the "appraisal gap" in cash. : This is a letter from a lender
馃挕 : Use a Home Affordability Calculator to see how your current salary translates to a monthly payment. How to Buy a House for Dummies : r/PersonalFinanceCanada
Once you have your "spending limit," it鈥檚 time to start shopping.
: You鈥檒l sign a mountain of paper, wire your down payment, and finally get the keys.
