Definition: A real estate purchase contract is a binding agreement (between two or more parties with legal capacity) to purchase real property. It is based on legal considerations.

The Key Steps:

✓ Organize – Set a goal to save a certain amount of money each month—then stick to it.
Watch Spending and Savings – Prioritize your family’s spending needs so that saving becomes second-nature.
✓ Negotiate – Communicate early and often with companies or banks you owe money to so you can work out problems before they grow larger.
✓ Elevate Your Credit Score – Know your credit score and what it means to banks and credit card companies and your future.
✓ Read (and Understand) the Fine Print – Consider all the options, educate yourself, and be informed before you sign on the dotted line.