oral contract - an agreement that is not in writing and is not signed by the parties but is a real existing contract that lacks only the formal requirement of a memorandum to render it enforceable in litigation.
A buyer's representative has the same access to homes for sale that a seller's agent does, but his or her allegiance is supposed to be only to you. 5. Search for a home. Your first step here is to figure out what city or neighborhood you want to live in.
Considerations Before You Buy. The first thing you'll need to determine is what your long-term goals are and then how home ownership fits in with those plans. It could be that you're simply looking to transform all those wasted rent payments into mortgage payments that actually give you something tangible.