8 Steps to Buy a House

8 Steps to Buy a House

8 Steps to Buy a House

Learn about the home-buying process and the steps it takes to buy a house.

  1. See how much you can afford
  2. Get pre-approved.
  3. Attend open houses.
  4. Search homes for sale.
  5. Find a real estate agent.
  6. Make an offer.
  7. Inspect the home.
  8. Get the keys.

Let’s take a closer look at each of the 8 Steps to Buy a Hous

1. See how much you can afford

The fastest way to get a sense of how much you can afford is with an online mortgage calculator. Find out how much you can afford with the Home Affordability Calculator.

2. Get pre-approved.

Getting pre-approved initiates, the mortgage process with a lender and tells you how much you can borrow. It also allows you to move faster when you’re ready to make an offer.

3. Attend open houses.

Go to open houses and get a feel for what you like and don’t like. Then create a list of what you want in a home, including the price range, number of bedrooms and bathrooms, and location.

4. Search homes for sale.

Use your wish list to inform your home search. Start browsing homes for sale in your area.

5. Find a real estate agent.

Choosing the right real estate agent can be the key to finding the right home and getting the best deal. Find a few agents that specialize in your area.

6. Make an offer.

Work with your real estate agent to make an offer. Discuss your offer strategy with your agent: Is the home priced fairly? What will make your offer stand out?

7. Inspect the home.

An inspection identifies existing structural, electrical, or plumbing issues with the home. After the inspection, you can try to negotiate repairs or a lower price with the seller.

8. Get the keys.

You will typically get the keys after 5 p.m. on your close date. If you work with a MandMSolutionProvider  staff member to buy your home and celebrate your success!

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