8 Steps to Buying a House

Follow these 8 steps to educate yourself on the home buying process

- National Association of Realtors

For first-time buyers, the primary reason for purchasing a home was the desire to own a home of their own.

1

• Select a qualified lender • Calculate your payment • Get pre-qualified • Obtain a pre-approval   letter from your lender

How Much Can You Afford?

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2

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Define Wants & Needs

• Budget • Neighborhood • Size of House • School District • Amenities • Beds/Baths • Commute • View • Yard

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Using the Needs Assessment, work with your Realtor® to map out which homes are worth touring in person.

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3

Tour Homes

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Make an Offer

You and your Realtor® will create an offer with price, terms, closing date, and concessions and will submit it to the listing agent for acceptance.

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5

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Processing the Loan

3 days after your offer has been accepted, you will receive a Loan Estimate from the Lender. 

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6

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Inspection/ Appraisal 

• Select a certified inspector • Attend the inspection • Choose all inspections that    your Realtor® recommends • Do not be home during the    appraisal

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7

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Title Processing

• Work with your Realtor®  and inspect the title  documents • Be sure to read the HOA  requirements and  documents carefully

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8

• Do a final walkthrough • Check for completion of   repairs • Sign paperwork & receive   your keys

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Closing on Your Home

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