The Step-by-Step Process of Purchasing a Home
Buying a home is one of the biggest milestones in life—it’s exciting, but it can also feel overwhelming if you don’t know what to expect. The good news? With the right preparation and support, the process can be smooth and even enjoyable. Here’s a step-by-step guide to help you understand how it all works.
1. Find the Right Realtor
The first step is finding a trusted real estate agent who knows your local market and understands your needs. A great realtor will not only help you find the right home but also guide you through every step of the process, from writing offers to negotiating terms. Look for someone who listens, communicates clearly, and makes you feel comfortable—buying a home is a team effort.
2. Get Pre-Approved for a Mortgage
Before you start shopping, it’s important to know your budget. Getting pre-approved means a lender has reviewed your financials (income, credit score, and debt) and confirmed how much they’re willing to lend you. This step helps narrow down your search to homes within your price range and shows sellers you’re a serious buyer.
3. Start House Hunting
Now the fun part begins! With your realtor’s help, you’ll tour properties that fit your budget and wish list. Think about location, layout, and lifestyle—does the home work for your daily routine? Be open-minded, but also keep your non-negotiables in mind.
4. Writing an Offer and Contract
Once you’ve found “the one,” your realtor will help you write up an offer. This includes:
Price – what you’re willing to pay.
Deposit – a show of good faith that you’re committed.
Subjects/Conditions – such as financing, home inspection, or reviewing property documents.
Typically, you’ll have 5–10 business days to work through these conditions. This is known as the subject removal period—your chance to make sure everything checks out before committing.
5. Budget Beyond the Price Tag
It’s easy to focus only on the purchase price, but don’t forget the extra costs of buying a home. These may include:
Closing costs (legal fees, property transfer tax, inspections)
Moving expenses
Immediate home improvements or furnishings
Having a financial cushion helps you feel confident and prepared when move-in day comes.
6. Subject Removal and Firming Up the Deal
If everything looks good—your financing is confirmed, the inspection goes smoothly, and you’re happy with the details—you’ll remove subjects. At this point, your offer becomes firm and binding, and you can celebrate officially buying your home!
7. Closing and Moving In
Between subject removal and closing day, your lawyer or notary will handle the final paperwork and ensure the funds are transferred properly. Once everything is signed and sealed, you’ll get the keys to your new home. Time to pop the bubbly and start decorating!
Quick Reference Home-Buying Checklist
Find the right realtor
Get pre-approved for a mortgage
Start house hunting
Write an offer (price, deposit, subjects/conditions)
Work through subject removal (5–10 days to confirm financing, inspections, documents)
Budget for closing costs and moving expenses
Firm up the deal by removing subjects
Complete closing paperwork with your lawyer/notary
Get the keys and move into your new home 🎉
