The Home-Buying Process in 10 Simple Steps | realtor.com®
Wouldn’t it be great if buying a home were as simple as it is in a game of Monopoly? All you’d have to do is find a desirable neighborhood, hand the bank a few bucks, and you’d receive a house. Of course, the home-buying process is a bit more complicated in real life (especially for first-time home buyers), but it’s not impossible. Competition among buyers in many markets has gotten intense, so if you’re serious about homeownership, you’d better get your act together. To point you in the right direction, we’ve prepared a road map of the home-buying process. From choosing the right professionals to signing that final contract, here are the typical steps you need to be aware of.
Step No. 1: Chose an agent
Step No. 2: Find a lender
Step No. 3: Clean up your credit
Step No. 4: Apply for mortgage pre-approval
Step No. 5: Create a home wish list
Step No. 6: Search the listings
Step No. 7: Make an offer
Step No. 8: Get final mortgage approval
Step No. 9: Do your due diligence
Step No. 10: Attend the closing