What Is The Home Buying - Process Step By Step

: Your agent will help you draft an offer agreement that includes your proposed price, earnest money deposit (typically 1%–2%), and contingencies (e.g., for inspection or financing). Phase 4: Underwriting & Due Diligence (Month 6)

Community sources and experts highlight the importance of staying disciplined throughout the process. what is the home buying process step by step

: Most lenders require proof of insurance before they will finalize your loan. Phase 5: Closing : Your agent will help you draft an

: You will need liquid cash for a down payment (3.5% for FHA to 20% for conventional) and closing costs, which typically range from 2% to 5% of the purchase price. Phase 2: Building Your Team & Pre-Approval (Month 3) earnest money deposit (typically 1%–2%)