Home buying is a process that begins with answering a lot of questions. Are you ready to buy a home? How much of a mortgage can you afford? How’s your credit? What type of home would you like and where?
Your agent will be familiar with market values and will help you arrive at a price that gives your offer the best chance of being accepted. Once Your Offer Is Accepted: You’ll be asked to submit an earnest money deposit that usually isn’t refundable. Begin making moving arrangements. Have the property professionally inspected. If necessary, request repairs. Obtain homeowner’s insurance. Contact utilities (phone, water, power, etc.). A few days before closing, stage a walk-through. Obtain a cashier’s check for the down payment and closing costs. At Closing: Make sure the terms and conditions of the loan statement are correct. Carefully read everything before you sign.