While 20% is the gold standard to avoid Private Mortgage Insurance (PMI), many programs (like FHA) allow for as little as 3.5% or even 0% down.
Hire a professional to find the hidden "skeletons" in the walls. This is your chance to back out if there are major structural or safety issues. home buying guide pdf
You'll meet at a title company or attorney's office to sign a mountain of documents and wire your down payment. While 20% is the gold standard to avoid
A pre-approval letter tells sellers you’re a serious buyer with backed funding. In a competitive market, you can't win without one. Phase 2: Building Your Team You'll meet at a title company or attorney's
Usually 24 hours before closing, you'll visit the house one last time to ensure it’s in the agreed-upon condition.
Distinguish between "needs" (3 bedrooms, good school district) and "wants" (granite countertops, hardwood floors). Phase 3: The Search & The Offer
As a buyer, having a Realtor is usually free (the seller pays the commission). They handle the paperwork, negotiations, and scheduling.