The home buying process starts with a pre-qualification with a qualified lender. The process is FREE and takes place on the phone. Usually taking no more than 15 minutes. We at Gratitude Realty have lenders we have worked with for over 20 years, and would be happy to refer you
The home buying process typically involves several key stages that can take anywhere from 30-60 days once you find a property, though preparation can start months earlier.
Financial Preparation Start by checking your credit score and getting pre-approved for a mortgage. This involves gathering financial documents like pay stubs, tax returns, and bank statements. Pre-approval gives you a clear budget and shows sellers you’re a serious buyer.
House Hunting Work with a real estate agent to search for properties that meet your criteria and budget. Once you find a home you want, you’ll make an offer that includes the purchase price, earnest money deposit, and any contingencies.
Under Contract After your offer is accepted, you’ll typically have 7-10 days for a home inspection to identify any potential issues. You’ll also need to finalize your mortgage application and get a home appraisal ordered by your lender. This period often includes negotiating repairs or credits based on inspection findings.
Closing Process Your lender will order a title search and require homeowner’s insurance. You’ll receive loan documents to review, and a final walk-through happens 24-48 hours before closing. At closing, you’ll sign all paperwork, transfer funds, and receive the keys.
Additional Considerations Factor in closing costs (typically 2-5% of the purchase price), moving expenses, and immediate home needs. Consider the neighborhood, schools, commute times, and future resale potential when evaluating properties.
The process can feel overwhelming, but having a good real estate agent and lender can help guide you through each step and timeline.
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