The Home Buying Process in 10 steps, Part 1!

The home buying process doesn’t have to be complicated or stressful. In fact, if you know what to expect and break down the process into manageable steps, buying a home can be a breeze. This article will outline the first 4 of 10 major steps involved in purchasing a home, so you can know what to expect every step of the way. It’s important to know that when you’re thinking about buying a home, the groundwork gets laid months if not years in advance.

Step 1 is saving for a down payment.

While down payments can be as low as 3.5% of the purchase price, you also need to factor in closing costs and moving expenses as well. Down payment assistance programs are usually available for various types of buyers, so shoot me a message if you want more info on that!

Step 2 is knowing your credit score.

This will determine a variety of things, most importantly your interest rate on the mortgage. You can also use the time you’re saving for the down payment to improve your credit if that ends up being beneficial to your purchase plans.

Step 3 is finding yourself an agent.

Make sure you interview a few agents and don’t simply use the first one that was recommended to you by a friend or family member. We all have different strengths and weaknesses, so make sure you find one that works for your situation.

Step 4 is getting pre-approved.

The last thing you want to do is find that perfect house on Zillow, just to realize that your pre-approval came up tens of thousands of dollars short. Get pre-approved so you know exactly what you’re working with.

Buying a home is a process that takes time and should not be rushed. By following these steps, you can be sure that you are making the best decision for you and your family. With careful planning and execution, buying a home can be a smooth and stress-free experience.

Make sure to check out parts 2 and 3 of this series!