A home is an important financial commitment and asset. However, ask anyone who has purchased a home or is looking to purchase, and they will tell you the same thing: the process is difficult to navigate. Terms, financing and negotiations are all complex and require consumers to be patient and knowledgeable to ensure that they buy the right home at a reasonable price. This is why the New York State Department of State Division of Consumer Protection has developed basic resources to assist first time and even experienced homebuyers in understanding and navigating the purchasing process.
Home Purchasing Roadmap: How Much?
Use this practical tool to figure out whether it is better to purchase than rent and how much you can afford to spend on a home.
Check Before Writing "The Check" List
Review this handy Division checklist before purchasing a home to help guard against falling victim to a predatory loan or subsequently becoming the subject of a foreclosure proceeding.