The first step to obtaining a mortgage. Your lender analyzes income, debt, and credit to determine how much you can borrow. Required before making a serious offer.

A preliminary agreement to purchase a home, including proposed price and any conditions. Sets the stage for negotiation.

A condition that must be met before the sale moves forward — such as a satisfactory inspection or mortgage approval.

Funds placed in escrow to show the buyer is serious about the purchase. Demonstrates financial commitment to the seller.

An official review of the property's current condition, identifying any repairs needed to bring it to normal working order.

A professional assessment of the property's market value, based on condition, neighborhood, and comparable sales.

Confirms the property being sold legally belongs to the seller and is free of liens or encumbrances.

Everything the sellers are required to reveal about the property, including known issues or areas needing repair.

Fees paid in addition to the purchase price, including taxes, insurance, legal fees, and lender expenses.

The final step — when documents are signed, funds are transferred, and keys are exchanged. You're officially a homeowner.