Let’s find a home you love.

The home buying process is one of the most exciting, and frequently stressful, experiences you’ll ever go through. This holds true whether you’ve bought many homes or you’re looking to buy your first, whether you’re in the market for a new primary residence, an investment property or that perfect vacation getaway.

A concise guide to buying a home

1. Define Your Goals and Plan

Buying a home is a significant step, so clarify your reasons for buying, the type of home you need, and your budget. Research housing and mortgage options, then create an action plan with timelines. Consulting a real estate professional early can be beneficial.

2. Contact a Real Estate Professional

Real estate transactions are complex, with no two homes or deals alike. A professional’s local market knowledge, experience, and track record are crucial for navigating the process effectively.

3. Get Pre-Approved for a Loan

Before viewing homes, get pre-approved for a loan by meeting with a lender to review your finances and credit. This provides a clear borrowing amount, helps you plan, and makes your offer more competitive. Explore lenders online or contact your bank.

4. View Homes and Select the Right One

Know your “must-haves” versus “like-to-haves.” Use websites like realtor.com® for virtual tours and details, but view homes in person with a professional who can provide expert insights. Most buyers search for 12 weeks, view 12 homes, and rely on agents (97%).

5. Make an Offer and Negotiate

Once you find the right home, make an offer using standard contracts from your local real estate association. Specify price, closing dates, and conditions, reviewing clauses with your professional. The seller may accept, reject, or counter your offer, leading to negotiations until an agreement is reached or talks break down.

6. Secure Financing

With a pending agreement, finalize your mortgage details, including down payment, interest rate, and payment schedule. Work with trusted professionals to fully understand your financing options and avoid pitfalls.

7. Close the Deal

Closing, or “settlement,” involves key steps:

Title Search and Insurance: Review property ownership records and purchase title insurance to protect against errors.

Final Walk-Through: Confirm the home’s condition before closing.

Settlement: Sign paperwork, pay closing costs, legal fees, and taxes, then receive the title and keys. The possession date typically follows within days, allowing you to move in.