A Step-by-Step Guide To Buying A Home


How do I know if I’m ready to buy a home?

How do I begin the process of buying a home?

How does purchasing a home compare with renting?

How does the lender decide the maximum loan that I can afford?

How do I select the right real estate agent?

How can I determine my housing needs before I begin the search?



What should I look for when deciding on a community?

How can I find out about local schools?

How can I find out about community resources?

How can I find about how much homes are selling for in certain communities?

How can I find information on the property liability?

What other tax issues should I take into consideration?

Is an older home a better value than a new home?

What should I look for when walking through a home?

What questions should I ask when looking at homes?

How can I keep track of all the homes I see?

How many homes should I consider before choosing one?



What about a Home Inspection?

Do I need to be there for the inspection?

Are other types of inspections required?

How can I protect my family from lead in the home?

Are power lines a health hazard?

Do I need a lawyer to buy a home?

Do I really need Homeowner’s Insurance?

What steps could I take to lower my Homeowner’s Insurance costs?

Is the home located in a flood plain?

What other issues should I consider before I buy the home?

How do I make an offer?

How do I structure the initial offer?

What about the earnest money?

What are Home Warranties & should I consider them?



What is a mortgage?

What is a Loan to Value (LTV)?                

What types of loans are available & what are the advantages of each?

When do ARMs make sense?

What are the advantages of 15 & 30 year loan terms?

Can I pay off my loan ahead of schedule?

Are there special mortgages for First-Time Home Buyers?

How large of a down payment do I need?

What is included in a monthly mortgage payment?

What factors affect mortgage payments?

How does the interest rate factor in securing a mortgage loan?

What happens if interest rates decrease and I have a fixed rate loan?

What are discount points?

What is an escrow account & do I need one?




What steps need to be taken to secure a loan?

How do I choose the right lender for me?

How are pre-qualifying and pre-approval different?

How can I find information about my credit history?

What if I find a mistake on my credit history?

What is a credit bureau score & how do lenders use it?

How can I improve my score?



How do I choose the best loan and program for me?

What is the best way to compare loan terms between lenders?

Are there any costs or fees associated with the loan origination process?

What is RESPA?

What is a Good Faith Estimate & how does it help me?

Besides RESPA, does the lender have any additional responsibilities?

What responsibilities do I have during the lending process?



What happens after I’ve applied for my loan?

What should I look out for during the final walk-through?

What makes up closing costs?

What can I expect to happen on closing day?

What do I get at closing?




For more information contact
Tracy O'Kane
Cell: (952) 956-2420 - Fax: (612) 767-5784

Keller Williams Realty Integrity Lakes
1350 Lagoon Ave, Suite 900 Minneapolis, Minnesota 55408

Each office is independently owned & operated.

Tracy O'Kane is a licensed REALTOR in the state of Minnesota with Keller Williams Realty Integrity Lakes

Copyright 2006 Keller Williams Realty Integrity Lakes, All Rights Reserved.

The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied.



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