Property Search

The first step is to get pre-approved for a mortgage. This process involves a lender evaluating your financial situation to determine how much you can borrow, which helps you understand your budget and shows sellers you’re a serious buyer.

Affordability depends on factors like your income, debts, credit score, and the current interest rates. A mortgage calculator can provide an estimate, but consulting with a financial advisor or lender gives a more accurate picture.

A buyer’s agent represents your interests in a real estate transaction, helping you find suitable properties, negotiate offers, and navigate the buying process. Having one can provide valuable expertise and guidance.

On average, it takes about 30 to 60 days from the time an offer is accepted to closing. However, the entire process, from starting your search to moving in, can take several months.

Closing costs are fees associated with finalizing a real estate transaction, including loan origination fees, title insurance, and appraisal fees. They typically range from 2% to 5% of the home’s purchase price.

Yes, a home inspection is crucial. It assesses the property’s condition, identifying potential issues that could affect your decision to purchase or negotiate repairs with the seller.

Pre-qualification is an initial assessment of your creditworthiness, while pre-approval involves a more in-depth review of your financial situation, providing a conditional commitment from a lender.

To make an offer, your real estate agent will submit a purchase agreement to the seller, outlining the proposed price and terms. The seller can accept, reject, or counter the offer, initiating negotiations.