Get An Understanding of Your Finances Check your credit score and understand the components that make up that score. Once you have an idea of how your score will stand against more professional scrutiny, you can begin researching lenders to find one that fits you best. When you've decided that you're ready to commit to finding your home, begin the pre-approval process as soon as possible. This will give you a more precise idea of what homes you can afford before you fall in love with them. In today's lightning-fast market, this is very important. Find a REALTOR® Seasoned Brokers will be able to offer professional expertise such as market insights and identifying home value trends, they'll be able to assist in developing the best and most competitive offer price according to what each specific situation calls for, and they'll be able to perform critical negotiations for your benefit. A professional real estate agent will also offer an awareness of the local cultural, geographical, and economic landscape, as well as quality professional recommendations for the various facets of the home purchase and ownership process. Finally, they offer a smooth streamlining of the buying process that alleviates much of the stress and uncertainty for their clients. Start the Home Search and Submit an Offer Your broker will be able to assist in every aspect of your home search, from finding viable potential homes to setting up viewings and scheduling. Once you've found the home that calls to you, you and your agent will hammer out the details for an offer. If the sellers are receptive to the proffered conditions, they accept and you're under contract! Inspections Though this varies based on specific circumstances, most lenders require home inspections and appraisals in order to finance a home purchase. We begin with the Home Inspection, which gives detailed professional recommendations as to the condition of the home and whether or not additional inspections by the respective licensed professionals is recommended. The other important occurrence is the home appraisal. This is another intensive inspection that results in a professional opinion of value of the home in question. Appraisals are usually handled by the lenders as you finalize your financing. Shop for the Best Home Insurance Policy for Your Needs You will need to have proof of your Homeowner's insurance before closing. Walk Throughs, Closing, And Moving You will perform a walk through of the home usually a few days before closing to ensure that any negotiated repairs have been completed to satisfaction and the condition of the home is as agreed upon. Closing day! Expect to spend a good amount of time completing closing paperwork at the Title company, and come prepared with closing costs. When signing is complete and the sale is recorded, you're a homeowner! Immediately transfer necessary utilities into your name, and then there's nothing left but to move in and make your new home your haven.