Realtor.com presents the Home-Buying Process in Plain English with Elizabeth Banks
Step 1: Knowing When You’re Ready
Buying a home is so grown-up and impressive, but there are a few things you should think about before you start telling everyone how grown up and impressive you are.
Step 2: Mortgage Lending 101
Unless you have a boatload of cash under your mattress, buying a home usually costs more money than you currently have
Step 3: The Search
You’re really doing it! You know what you can afford and you’ve got your pre-approval letter. But before you buy the home of your dreams, you’ve gotta find it first.
Step 4: The Offer
Here you are, ready to make an offer on your first home! And since you’re about to part with an insane amount of money, it’s time to get close to your REALTOR®.
Step 5: Closing the Sale
There is nothing more awesome than taking ownership of your new dream home. But before you do that, you better loosen up your writing hand. Did someone say paperwork?