Step-by-Step Guide to the Home-Buying Process

Ready to start your journey to homeownership? Here’s a simple guide to each stage of buying a home.

Assess Your Readiness and Budget

Evaluate your motivations for buying and check if you’re financially ready. Review your credit score, set a budget, and determine a realistic down payment and monthly payment plan.

Get Pre-Approved for a Mortgage

Contact lenders to get pre-approved. This step clarifies your price range and signals to sellers that you’re serious.

Select a Real Estate Agent

Find an experienced local agent who can guide you, negotiate effectively, and share access to exclusive property listings.

Start House Hunting

Define your needs and wants. Visit homes, attend open houses, and explore neighborhoods to ensure they fit your lifestyle.

Make an Offer and Negotiate

With your agent’s help, submit a competitive offer and include contingencies for appraisal, inspection, and final loan approval. Prepare for earnest money as part of your commitment.

Schedule Inspections and Appraisal

Arrange a home inspection to identify any issues and let your lender order a property appraisal to confirm the home’s value.

Secure Final Mortgage Approval

After a successful inspection and appraisal, proceed with your lender to finalize your loan.

Closing

Review and sign all required paperwork, complete payment of closing costs, and take possession of your new home with the keys.