Build a complete budget
Start with a comfortable monthly payment, not just a purchase price. Include property taxes, homeowners insurance, maintenance, HOA dues when applicable, and utilities. Your lender can help compare financing options and estimated closing costs.
Get ready before you tour
Discuss preapproval with a lender and collect the documents they request. Decide which location, home features, and timing fit your needs. Preapproval is not a guarantee of a loan; final approval depends on the lender’s review and the property.
Understand the offer and inspection
Review price, deadlines, financing terms, and contingencies with your agent before signing. An independent inspection helps identify condition concerns; discuss findings and any repair negotiations before applicable deadlines.
Prepare for closing
Review your Closing Disclosure, confirm funds and identification requirements, and verify wiring instructions directly with the title company using a trusted phone number. Complete a final walkthrough before closing.
General educational information, not legal, tax, lending, or appraisal advice. Terms and property conditions vary; consult the appropriate professionals for your transaction.
Further reading from a consumer resource ↗