Chapter Three offers suggestions on shopping for a home, choosing and working with a real estate sales professional, and completing certain steps before making an offer on a house. The chapter explains the sales contract in detail, and discusses guardianship and state certification requirements. The importance of a home inspection and home accessibility are also highlighted. Finally, the chapter describes how to negotiate the final purchase price of a home. Chapter Four is dedicated to obtaining a mortgage.
Related terminology is defined, and a description of various types of loans is presented.
The chapter discusses the process of completing a loan application, preparing for the loan interview, and how a loan is processed. It offers advice about long-range planning and how to take advantage of the experiences of team members and other home buyers. The chapter ends with a discussion about what you can do if you are denied a loan, including strategies to overcome this obstacle. Chapter Five helps you prepare for the closing, which is the meeting that finalizes your home purchase. It includes a final review to be completed before the closing meeting is held.