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Purchasing real estate can often feel unnerving. The real estate industry, however, is a lucrative one for many people. The below article provides some tips to assist you in beginning purchasing real estate, regardless of whether you are completely new to the world of real estate, or a pro. If you already have an approval letter, a seller will be more interested in your offer. Having to wait to be approved will also stretch out the buying process, which could end up costing you more. Make a list of questions you want to ask, and take it with you when you interview real estate agents. Ask them not only the number of homes they have sold in the past year, but also, how many were the type of home you are looking to buy. A good agent will have this information readily available. It is a good time to get invested in real estate. Due to the crash of the housing market, properties are available at record low prices. You won't find a better time to make that move from renting to owning. The housing market will eventually turn around and begin increasing again, which will make your investment more profitable. If a home is a real fixer and needs lots of work, you can probably get it for a good price. This can be a money-saver in purchasing the home, with the ability to make improvements as time allows. You can build equity in your home while making improvements that maximize its livability for you and your family. Try to envision what the house might look like once all the improvements are made rather than dwelling on its current condition. It's quite possible that behind that ugly, outdated paneling, your dream home is hiding. If you're looking to by a home and you will be the only person living there, it's still recommended that you bring an experienced home buyer with you. A second eye might be able to pick out flaws in the house that you yourself overlooked. Tell them they should ask questions to the realtor. Before you put an offer on a home, measure it yourself. Be sure that the square footage given by the owner is the same as the square footage of public record. The square footage recorded in both places should be no more than 100 square feet in difference. If they don't match, investigate further or reconsider the transaction. Buying a home may be the biggest financial transaction you will make in your lifetime, not to mention that it's a big decision overall. Hopefully, the tips that have been covered here, have given you some of the tools you need to be more prepared to make the decision to buy real estate.