Home: Buying Guide Pdf

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.

This is the final deep dive into your finances by the lender. Pro tip: Do not make any large purchases (like a new car) or open new credit cards during this time! Phase 5: Closing Day home buying guide pdf

Before you hit Zillow, you need to know what you can actually afford.

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. You'll meet at a title company or attorney's

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."

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 Pro tip: Do not make any large purchases

As a buyer, having a Realtor is usually free (the seller pays the commission). They handle the paperwork, negotiations, and scheduling.