Pre-Search: Setting Your Budget Before you start your home search, understand what you can comfortably afford. Whether you’re financing your purchase or paying cash, being clear on your budget is crucial. For those financing, securing pre-approval from a lender is essential, as is having enough funds for a down payment, which could range from 5% to 20% of the home’s price.

Search: Finding the Perfect Neighborhood Identify your ideal home features, such as the number of bedrooms and bathrooms, and prioritize your top two or three preferred neighborhoods. This focus will streamline your search and help you find the best home for your needs.

Contract & Due Diligence Once you’ve found your home, a seller’s attorney will draft a contract for your review. With the guidance of your agent and attorney, conduct thorough due diligence. This includes home inspections, appraisals, and title searches to ensure there are no hidden issues with the property.

Mortgage & Approval If you’re pre-approved, you’re a step ahead! You’ll need a signed contract to proceed with your mortgage application, which will require detailed information about your employment, income, assets, debts, and the property you intend to buy.

Closing & Move-In Once your mortgage is approved, the closing date is set. Post-closing, you can celebrate the purchase of your new home and start planning your move-in!

Empower your home buying journey with our comprehensive guide, designed to help you every step of the way. Download now and take the first step towards your dream home.