If it’s your first time entering the real estate market, or if you haven’t been in the market for a while, you might be wondering what the steps are in order to buy a home. Since the process can be complicated, we’ve outlined the main things you need to know when making an offer.
Unless you are paying for your home in cash, the first thing you will want to do is get a mortgage preapproval. Although you won't need the mortgage until you purchase a home, getting preapproved will allow you to know exactly how much you can afford and offers the seller reassurance that you will not back out of the deal based on financing.
Be prepared to negotiate when you’re ready to make an offer. Your negotiating power will depend on a…