The House Buying Process Step By Step Apr 2026

Attend open houses and go on private tours with your agent. Take notes and photos on every property to reference later.

Compare rates and loan terms across multiple banks, credit unions, and online brokers. the house buying process step by step

Hire an independent home inspector to examine the structural integrity, roof, plumbing, and electrical systems of the house. Attend open houses and go on private tours with your agent

Submit your official financial documents (like pay stubs, W-2s, and bank statements) to a lender. This letter dictates your official purchasing power and proves to sellers that you are a serious buyer. 3. Assemble Your Real Estate Team (2–3 months out) Hire an independent home inspector to examine the

If the inspector finds structural or mechanical issues, use the report to ask the seller to pay for repairs or reduce the home price.

Closely read through this breakdown of your final loan terms and itemized fees at least 3 days before signing.

You will need cash for a down payment (which can range from 3% to 20% of the home's value) as well as an additional 2% to 5% of the loan amount to cover closing costs. 2. Mortgage Pre-Approval (3–6 months out)