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homebuying process
Homebuying Process

Steps To Buying A House

Purchasing a home as a first-time home buyer is no party. There are many steps to buying a home. While it may be intimidating to the first-time buyer, having a great realtor will be an asset to you during the home buying process. Here’s a complete homebuying process of the most important things you should know about buying a home. Be sure to check out our home buying checklist to get an idea of the steps you need to take prior to this process.

Connect With A Realtor and Lender

Buying or selling a home is no small feat, and it’s one of the biggest financial decisions of your life. That’s why finding a real estate agent with experience to guide you through the process is key.  Go with an agent you trust and will feel comfortable with. When it comes to finding lenders, many home buyers would trust and depend on their agent’s recommendation. Communicate with a number of different lenders before deciding on one. See if friends, family, or even internet reviews can recommend a quality lender. If you have any questions, don’t hesitate to ask during this process. Once you find a realtor and lender you are comfortable with, move ahead with the pre-approval process. Getting an approval will make a buyer more competitive, dramatically shortening the sales cycle.

Look For Your Future Home

Ready to buy a home you can call your own? Congratulations! This means you’re done saving and securing funds for your dream house. Now it’s time to get your eye on the prize and nail the deal. When looking for homes, make a list of amenities you would like to have. Categorize them as “must haves” and “nice to haves.” Consider the number of bedroom and bathrooms you need, as well as storage space, yard size, etc. With your list in mind, consider the neighborhood, schools, and distance from work. Keep notes on each property you visit. Working with a good realtor will also help you identify areas with a favorable amount of home appreciation. You may check out the latest property listings on our site.

Submit An Offer

Once you’ve identified a house that aligns with your desires, submit an offer. With your realtor’s advice, price your offer according to comparable homes in the area. Sellers are often prepared to receive offers below selling price, so don’t be intimidated by the asking price. Don’t be surprised by counter offers from the seller. While you are free to make counter offers in kind, you want to avoid too much back and forth. Once the price is finalized, you’ll need to make an earnest money deposit in order to show the buyer you are committed to purchasing the home. This money will go towards your down payment once escrow is closed.

Get A Mortgage

At this point, you’ll want to consult with your lender again to determine which loan you’ll ultimately apply for. There are many different types of mortgages, but the most common are adjustable rate and fixed rate. Each kind of loan has its pros and cons, which can be beneficial for different situations. Discussing options with a lender will help you determine which loan is right for you.

Close Your Home

Get a home inspection before you close your home. This will ensure that the property is in good condition and has a  sound foundation. After you have had the home inspected, agree on a closing date. This can sometimes be a challenge as both seller and buyer may have some time constraints that need to be considered. Lastly, talk to your mortgage banker in order to anticipate any additional closing costs.

Move In

Once you’re done with the homebuying process, get the keys to your new home!


Preparing to buy a home is a process.  We can help you and tell you if you’re in the right place financially to buy a new home!

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