In a competitive market, a pre-approval letter is your golden ticket. It tells sellers you’re a serious buyer with the financial backing to close the deal. Shop around with at least three lenders to compare interest rates and loan terms. 3. Build Your Squad You don't have to do this alone.
Once your offer is accepted, you’ll enter "escrow." This is a 30-to-45-day whirlwind of inspections, appraisals, and final mortgage processing. Stay patient, don't make any large purchases (like a new car) that could spook your lender, and keep your documents organized.
A good realtor is your advocate. They spot red flags in a house, handle the aggressive negotiations, and—best of all—their commission is typically paid by the seller, not you.
Commute time, school districts, and neighborhood vibe.
Budget for "closing costs" (usually 2–5% of the home price) and an emergency fund for that inevitable first-week plumbing issue. 2. Get Pre-Approved (Not Just Pre-Qualified)
Buy a house you can afford to live in, not just the most expensive one the bank will let you borrow for. Your future self will thank you.