Home Buying in 6 Steps
Clear, calm guidance from first look to closing. Expand each step for practical to-dos and trusted partners.
1. Prepare for Homeownership
- Build and maintain a strong credit history.
- Get pre-approved and understand which mortgage options you qualify for.
- Save for a down payment — typically 10–20% of the property’s value (sometimes less).
- Budget for closing costs, including taxes, legal fees, utilities, and monthly expenses.
2. Find a Real Estate Professional
- Ask for referrals from friends, family, or search online.
- Interview agents and review buyer representation agreements before signing.
- Clearly communicate your goals and expectations with your chosen agent.
3. Identify the Right Property
- Define your priorities: schools, neighborhood, transportation, walkability, etc.
- Calculate your total monthly cost: mortgage, insurance, taxes, and utilities.
4. Make an Offer
- Place a competitive bid and be prepared to negotiate.
- Review all contract terms thoroughly — ask questions before signing.
- Hire a licensed inspector to evaluate the property.
- Retain an attorney to conduct a title search and obtain title insurance.
5. Finance the Property
- Finalize your loan with your lender once the offer is accepted.
- Ask questions about financing terms — make sure you fully understand them.
- Keep your credit score stable by avoiding large purchases before closing.
6. Closing on Your Home
- Secure homeowner’s insurance.
- Transfer utilities into your name.
- Plan your move — hire movers or organize a move party.
- Store all closing documents in a safe place.
- Keep digital or print copies of warranties, insurance, and legal documents.
- Make any updates like painting or flooring.
- Get to know your new neighbors and explore the area.
- If you had a great experience, refer your agent to others!
