ABA Family Legal Guide

Buying and Selling a Home

Introduction to Buying and Selling a Home

Imagine you've found the home of your dreams. It's in the right neighborhood, has the right kitchen, and it's at the right price. You contact the seller, put your own house on the market, and start packing in preparation for the big move.

But wait a minute. Are you sure you can afford to buy this dream home? Have you done some homework to check that it's really as good a deal as it looks? Do you know what steps you have to go through to buy a home, and how long it takes

This section will help you answer those questions.

1. Why is the purchase or sale of a home more complicated than buying or selling some other object, such as an expensive car?
2. What is a home?
3. Why should I buy a home?
4. What does title mean?
5. What is a buyer's market?
6. What is a seller's market?