Home Buying Process Checklist
Pre-Approval or Proof of Funds
- Gather financial documents (income, debt, assets, tax returns).
- Apply for mortgage pre-approval with a lender.
- Obtain proof of funds if paying cash.
- Review your budget and determine your price range.
Property Research
- Identify preferred neighborhoods and school districts.
- Research market trends and property values.
- Review online listings and attend open houses virtually.
- Narrow down your must-have features.
Property Viewings
- Schedule viewings with a real estate agent.
- Take notes and photos during showings.
- Evaluate condition, layout, and location suitability.
- Compare top options based on criteria and budget.
Make an Offer
- Review comparable sales with your agent.
- Decide on the offer price, terms, and contingencies.
- Submit the purchase offer and earnest money deposit.
Negotiate
- Respond to counteroffers if necessary.
- Adjust offer details until both parties agree.
- Secure a signed purchase agreement.
Hire an Attorney (if applicable)
- Select a real estate attorney to review the contract.
- Ensure all legal terms protect your interests.
- Coordinate with the attorney for closing documents.
Under Contract
- Deliver the earnest money deposit by the due date.
- Track contingency deadlines and required actions.
- Notify your lender immediately.
Inspections
- Schedule home, pest, septic, & radon inspections
- Attend inspections and review reports thoroughly.
- Identify repair needs or major issues.
Post-Inspection Negotiations
- Request repairs or credits based on inspection results.
- Negotiate terms with the seller if problems arise.
- Sign any inspection addenda.
Appraisal
- The lender schedules an appraisal.
- Cooperate with appraiser access requests.
- Review appraisal results and address valuation issues.
Loan Process / Rate Lock
- Submit any additional lender-required documents.
- Lock your mortgage interest rate.
- Receive conditional loan approval.
Clear to Close
- Review final loan approval conditions.
- Provide outstanding documents to the lender.
- Receive official “clear to close” notification.
Schedule Closing
- Coordinate a closing date with the lender, attorney, and title company.
- Review the final closing disclosure at least 3 days before closing.
- Arrange for a funds transfer or a cashier’s check for closing costs.
Final Walk-Through
- Inspect the property to confirm agreed repairs are done.
- Verify the condition is unchanged since the contract signing.
- Ensure all included items remain in the home.
Closing
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Bring identification and required documents.
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Review and sign all closing paperwork.
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Transfer funds for closing.
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Receive keys and celebrate your new home.
