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Buying A Home Online

More and more home buyers are using Internet when searching for a home. According to the National Association of Realtor Profile of Home Buyers and Sellers, 77% of home buyers use the web as a resource to buy a house online and there are about half a million websites hawking dream homes.

Bidding for a Home at an Online Auction. If the incremental is set, for example, at $10,000, it means if the first bid is $100,000, the second and subsequent bids must be increased by at least $10,000, so a second offer of $100,001 will not be accepted. Under this scenario, the second bid must be at least $110,000 with a third bid set at $120,000, and so forth.

Fully digital. Zero-pressure. When you buy your home with Open Listings, you get back 50% of your buying agent fees. On average, it’s $9,604.

Should you buy a home by looking online for homes, without hiring an agent to represent you? Read the pros and cons of home buying on the Internet.

Your home is only going to go up in value as much as the other houses around you. If you pay $500,000 for a home and your neighbors pay $250,000 to $300,000, your appreciation is going to be limited. Sometimes it is best to is buy the worst house on the block, because the worst house per square foot always trades for more than the biggest house.

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Buying a home doesn’t need to be overwhelming. NerdWallet’s home buying checklist breaks down the process to make it manageable.

Steps To Prepare For Buying A House You’re ready to buy a home but don’t know where to start. Our real estate expert shares a high-level overview that will help you understand the steps, from establishing goals and assembling a team of real estate professionals to house hunting and securing a mortgage.

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Thinking about buying a home? We have information that can help! Got questions? Talk to one of our housing counselors! Need Help? 1. Figure out how much you can afford. What you can afford depends on your income, credit rating, current monthly expenses, downpayment and the interest rate. Home economics; homebuying programs in your state

Online house buying is especially convenient if you are shopping for a property a great distance from your current home or your shopping time is limited. It’s possible to do a virtual home tour of a prospective property online through sites, such as Realtor.com or HomeGain.com.

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