Here’s a comprehensive checklist for buying a home – start to finish – by Alden Wicker at LearnVest. Not only is the advice super valuable, but the accordion format of the article let’s you take in and absorb each step before moving on to the next.
Purchasing a home is a major milestone that tops many people’s lifetime to-do lists—and maybe their list of financial fears too.
Because while house hunting for the first time can be exciting, tales of regretful home-buying mistakes and the not-so-distant housing market meltdown have also given it a bad rap for being a stressful and confusing process.
But it certainly doesn’t have to be.
That’s why we created this handy nine-step checklist, which helps explain how to prepare to buy a house—and help safeguard your finances in the process.
1. Determine what you can truly afford.
2. Figure out which mortgage is the right fit for you—and get pre-approved.
3. Consider a financial trial run.
4. Decide which house features are must-haves vs. nice-to-haves.
5. Start house hunting, and determine whether you’ll work with a real estate agent.
6. Research homeowner’s insurance.
7. Put in an offer.
8. Review the contract carefully, and submit your mortgage application paperwork.
9. Sign the papers!