How to start buying a house: Basic steps

by Jennifer Li, GREEN,SRS, SRES, RENE, RCS-D 06/26/2022

With myriad steps involved, the question of how to start buying a house might feel difficult to answer. Buying a home is one of the most significant purchases you’re likely to make, and you want to make sure you make the appropriate choices along the way.

To help make the process more manageable, it’s helpful to break the process down into simple steps. Here is a basic guide for getting started buying a house:

Get mortgage preapproval

Getting preapproved for a mortgage can benefit you in several ways. First, it helps you determine how much you can afford to borrow from a lender and spend on your new home. You can decide on a purchase price range based on down payment and interest rates. This can focus your home search and make you feel more confident in your decision.

Additionally, mortgage preapproval makes a good impression on sellers. Because your financials are examined carefully by a mortgage lender before getting preapproval, sellers know that you’re a qualified and motivated buyer.

Hire a real estate agent

While it’s possible to buy a house without a real estate agent, you don’t want to miss out on the knowledge and expertise an agent can provide. Real estate agents know the ins-and-outs of every real estate transaction and the local market.

Not only can a real estate agent find listings that match your criteria, they can coordinate and advise you on every step of the process. Your real estate agent can serve as your professional representation in negotiating with sellers and managing paperwork and logistics.

Start your home search

Work with your real estate agent to find listings that match your wants and needs. Begin with a list of priorities for your new home, such as price range, location and must-have features. While it’s important to keep an open mind in your search, a list of priorities can help you determine what you’re willing to compromise on.

If you intend to become a homeowner, keep these basic steps in mind before you begin your home buying process. The more prepared you are, the more comfortable and effective you’ll be in finding your dream home.

About the Author
Author

Jennifer Li, GREEN,SRS, SRES, RENE, RCS-D

Thank you for visiting my website. With 17+ years experience in fixer uppers and investment properties. I can help sellers to get top dollars and help buyers transform their house into their dream home, to be unique and green. 

To Sellers: 

I don't like to chase lots of listings like most of agents, I only work for few listings at the same time and make sure sellers get their top dollars as they deserved after all efforts. Also buyers get the house proud for years to come. Then, that's how I break the record every time. I love and enjoy everyone is a winner for their own.

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To buyers:

Please call 510.375.8986 to find out if you can qualified for $5000 first time home buyer credit toward to closing cost.