Home Buying Guide Pdf Review

Don't be afraid to ask for closing cost credits or repairs if the house needs work. Phase 4: Due Diligence Once an offer is accepted, you enter "Escrow."

Your agent will help you determine a fair price based on "Comps" (recent sales of similar homes nearby).

Usually 24 hours before closing, you'll visit the house one last time to ensure it’s in the agreed-upon condition. home buying guide pdf

Once the deed is recorded, the house is officially yours.

A pre-approval letter tells sellers you’re a serious buyer with backed funding. In a competitive market, you can't win without one. Phase 2: Building Your Team Don't be afraid to ask for closing cost

Your bank will send an appraiser to ensure the home is actually worth what you’re paying.

You'll meet at a title company or attorney's office to sign a mountain of documents and wire your down payment. Once the deed is recorded, the house is officially yours

While 20% is the gold standard to avoid Private Mortgage Insurance (PMI), many programs (like FHA) allow for as little as 3.5% or even 0% down.