The first step in buying a home is to get pre-approved for a mortgage. This involves meeting with a lender to determine how much you can borrow based on your financial situation. Getting pre-approved helps you understand your budget, strengthens your offer when you find a property, and shows sellers that you are a serious buyer.

A real estate agent evaluates recent sales of similar properties in the area. A professional appraiser assesses the property’s value based on its condition, location, and comparable sales. Websites provide estimated values based on algorithms and recent market data, but these should be used with caution as they may not account for unique property features.

Check for issues with the foundation, walls, and roof. Ensure there are no leaks, and that electrical systems are up to code. Verify that heating, ventilation, and air conditioning systems are functioning properly. Look for signs of infestations or mold that could indicate underlying problems.

Check for issues with the foundation, walls, and roof. Ensure there are no leaks, and that electrical systems are up to code. Verify that heating, ventilation, and air conditioning systems are functioning properly. Look for signs of infestations or mold that could indicate underlying problems.

Closing costs are expenses associated with finalizing a real estate transaction and can include fees for loan origination, appraisal, title insurance, escrow services, and more. On average, closing costs range from 2% to 5% of the home's purchase price. It's important to review the Closing Disclosure form provided by your lender to understand these costs in detail.