Home Buying Steps

A Step-By-Step Guide To The HomeBuying Process


Getting Started

You’ve decided to purchase a home!  Buying a home is an exciting and smart investment.  Homeownership brings a sense of security and the freedom of having your own space.  Financially it can provide a tax shelter and the opportunity to build equity.

How much can you afford? 

Before you begin searching for a new home, you need to determine a realistic budget that takes into consideration your current debt (credit cards, loans, etc.)  as well as homeowner expenses, such as taxes, insurance utilities, and maintenance.

Getting Pre-approved

A lender will loan you money if they are sure your credit is strong and if they are confident you can pay them back.

Decide on a Mortgage

After you are pre-approved for a mortgage, it’s time to decide on a mortgage type.  There are many types of mortgages, and choosing the right one for you is an important decision.

Fine Tune Your Budget

Down Payment is how much you pay upfront.

Monthly Mortgage costs include the mortgage, homeowner’s insurance, mortgage insurance, and escrow deposits which can be combined with the monthly mortgage payment.

Closing Costs include appraisals, title insurance, inspections, attorneys, title transfers and additional fees.

The Fun Begins!

“One of the many advantages of working with a real estate agent is having the access to multiple listings. Your agent can provide a detailed description of any property that interests you. “  ~ Brenda Potts

brenda-potts-3The home buying basics guide along with a Realtor is the roadmap to your new home.  Contact me and let me show you the way home.

Brenda Potts
(425) 577-0351


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