Steps To Buying Home For First Time Site

Once your offer is accepted, you are "under contract," but the deal isn't done yet.

Set aside an extra 2% to 5% of the home’s purchase price for taxes, lender fees, and title insurance. 2. Get Pre-Approved steps to buying home for first time

Your lender will hire an appraiser to ensure the house is actually worth what you’re paying. 7. The Closing Once your offer is accepted, you are "under

A higher score gets you better interest rates. Get Pre-Approved Your lender will hire an appraiser

If the inspection and appraisal pass, you’ll head to the finish line. You'll do a "final walkthrough" to ensure the house is in the agreed-upon condition. At the closing meeting, you’ll sign a mountain of paperwork, pay your closing costs and down payment, and finally receive your keys.

Hire a pro to check for hidden issues like mold, outdated wiring, or foundation cracks. If they find big problems, you can ask the seller to fix them or lower the price.

You can change a wall color easily, but you can’t change the layout or the neighborhood. 5. Make an Offer and Negotiate