Advice for Home Buyers - The HBI Research Library

Welcome to the Home Buying Institute research library. On this page, you'll find a collection of home buying tips from across our website. The articles and tutorials will help you make smarter decisions during the purchase process. We add new tips and advice on a regular basis, so be sure to bookmark the page.

Featured Advice for Home Buyers

We have more than 500 home buying articles on this website. But you don't have to sort through it all. On this page, we have compiled some of the most useful tutorials from our library. Call it "required reading" for home buyers.

10 stepsThe 10 Basic Steps to Buying a House
Looking for a quick overview of the home buying process? Look no further. This article walks you through the process one step at a time, from budgeting all the way through closing.


10 stepsHow Long Does it Take to Buy a House
This process can take anywhere from six weeks to six months, or longer in some cases. Buyers who put in more time and effort typically finish sooner. Mortgage approval is another big variable.


affordabilityHow Much House Can I Afford to Buy?
You should have a firm budget in mind before you start shopping for a house. It's not the lender's job to figure this out. It's yours. In this lesson, you'll learn how to go about it.


real estate offerHow Much Should I Offer on a House?
You find a house that checks all of your boxes, and you're ready to buy it. But how much do you offer? The first step is to pull up a list of comparable sales in the area, and evaluate them.


below asking priceMaking an Offer Below the Asking Price
It might be tempting to make a 'low-ball' offer well below the asking price. But it can hurt your chances of getting the house. This tutorial will help you make a sensible offer based on sales data.


closing costsHow Much Are Closing Costs?
If you're using a mortgage loan to buy a house, you will have to pay closing costs. These fees can add up to thousands of dollars. So it's important to prepare for them. Here's how to do it.

Our Latest Articles

We publish new information daily to keep you informed. Here are the latest articles.

Making a Down Payment Less Than 20%
You don't necessarily have to make a down payment of 20% when buying a home. But there are some advantages to doing so. Among other things, it could help you avoid the added cost of private mortgage insurance.

Appraised, Assessed and Fair Market Values
Did you know a single house could have several different "values" assigned to it? It's true, and it can be incredibly confusing to a first-time buyer. This article explains the difference between the appraisal price, the fair market value, and the property assessment.

Contingencies in Purchase Contracts
A contingency is a legal way to back out of a real estate sales contract, should a certain event or condition arise. For instance, you might make the sale "contingent" on a successful home inspection. But don't get carried away with them. They are best used sparingly.

The articles above have been carefully selected by the editor's of this website. They will give you a good introduction to the world of home buying process. This website contains hundreds of additional lessons that are not shown above. You can find more home buying tips and advice by using the search box at the top of this page.