Starting The Home Buying Process Official
An checks for structural issues, leaks, or electrical hazards.
Visit as many homes as possible to get a feel for different neighborhoods and what your money buys in the current market . Phase 3: The Offer and Closing starting the home buying process
Nice-to-haves like a fenced yard or a specific kitchen finish. An checks for structural issues, leaks, or electrical
Unlike pre-qualification, a pre-approval requires verified documentation (pay stubs, tax returns) and is essential for making a serious offer. Phase 2: Building Your Team and House Hunting An checks for structural issues
While 20% is ideal to avoid Private Mortgage Insurance (PMI) , some programs like FHA only require 3.5%.
Once you know what you can afford, it’s time to start the search.
The final stretch takes approximately 30 to 45 days on average.
