Buying a home can be an intimidating process. Whether it is your first time or you have owned several properties, you likely have many questions about the process. Because many people spend a great deal of time in between purchases of homes, they might be unsure about how things have changed since they last used the market. While I will not be able to cover everything here, this small list might help you to get a better idea of how a home purchase goes in general.

  1. Find your Budget. Your absolute first priority should be establishing your budget for the new property. Before you even start looking, figure out things like how much you will be able to put into a home each month, what down payments will be required, and how much money you can get approved to borrow from your lender. Homeowners frequently leave these details until later than they should, and sometimes pay the price. Make sure that you budget for everything, from fees during the transaction to costs associated with the move to proper maintenance and upkeep of your future property.
  2. Talk with your creditor, and get as much as you can from them. Being prequalified or preapproved for credit will help you to establish trust with potential sellers, and will help you feel peace of mind knowing what you have to work with.
  3. Find an agent, and start the search. When buying a house, you want to find an agent to work for you. Their financial responsibility will be towards you, and so they can look out for you rinterests during the transaction. Additionally, their experience will allow them to smoothly guide you through the entire process. By this point, you should have a clear idea of what type of property you want.
  4. Inspect the Home. Once you find a prospective property, make sure you don’t rush into a deal. Take your time and make sure you really understand the value of the property before you make any offer.
  5. Fill Out Paperwork. Work with your creditor and agent to ensure that all paperwork is done promptly and completely.
  6. Buy the Property. When the sale closes, you will take ownership of the property. Be prepared to make a smooth transition, and make sure that you are completely ready to take this final irreversible step.