How To Buy Your First Home: A Step-By-Step Tutorial
AAA
  1. Buying A Home: Introduction
  2. Buying A Home: Choosing Your Location
  3. Buying A Home: Determine What Kind Of Home Suits Your Needs
  4. Buying A Home: Calculate How Much Home You Can Afford
  5. Buying A Home: Get Preapproved For A Loan
  6. Buying A Home: Find An Agent
  7. Buying A Home: Find A Home
  8. Buying A Home: Write An Offer
  9. Buying A Home: Go Through The Escrow Process
  10. Buying A Home: Get Properly Insured
  11. Buying A Home: Close And Become A Homeowner
  12. Buying A Home: Conclusion

Buying A Home: Introduction

By Amy Fontinelle

Many people go through life thinking that they could never buy a home. Maybe they think they can't afford it, or they think that their credit isn't good enough. Perhaps the whole process of buying a home is just so daunting and complicated that they wouldn't even think of dreaming of home ownership.

The unknowns of buying a home shouldn't be a deterrent to you getting your dream home. Research and diligence can unlock the mysteries of the process and enable you to buy a home without feeling too lost or overwhelmed. Fortunately, there are plenty of resources to explain the procedure to you. This tutorial will take you through the entire process of buying a home - from the "simple" stuff, like finding a place that you like, and the complicated stuff, like applying for a loan.

With this chronological, step-by-step explanation of the home buying process, you will know everything you should be thinking about and doing at each point of the process. Sure, the process can still be difficult, stressful and draining, but at least you'll know what to expect and understand what's happening at every step along the way. You don't have to rent forever if you don't want to. Reading the detailed explanations, advice and suggestions here will prepare you to tackle buying a home without fear. (For resources on how to decide if you're ready to be a homeowner, see To Rent Or Buy? The Financial Issues and To Rent Or Buy? There's More To It Than Money.)

Buying A Home: Choosing Your Location

  1. Buying A Home: Introduction
  2. Buying A Home: Choosing Your Location
  3. Buying A Home: Determine What Kind Of Home Suits Your Needs
  4. Buying A Home: Calculate How Much Home You Can Afford
  5. Buying A Home: Get Preapproved For A Loan
  6. Buying A Home: Find An Agent
  7. Buying A Home: Find A Home
  8. Buying A Home: Write An Offer
  9. Buying A Home: Go Through The Escrow Process
  10. Buying A Home: Get Properly Insured
  11. Buying A Home: Close And Become A Homeowner
  12. Buying A Home: Conclusion
RELATED TERMS
  1. Fair Housing Act

    This law (Title VIII of the Civil Rights Act of 1968) forbids ...
  2. Attractive Nuisances

    An item, located on a property, that is appealing but potentially ...
  3. Distribution Clause

    An insurance policy provision which determines how the coverage ...
  4. Construction Loan

    A short-term loan used to finance the building of a home or another ...
  5. COPE Insurance

    A set of risks that property insurance underwriters review when ...
  6. Aircraft Insurance

    Insurance that provides liability and property coverage of aircraft.
  1. What does the American Dream mean to different generations?

    Find out what has caused the American Dream to change radically from the Baby Boom generation to the members of Generation ...
  2. Why should value investors consider the insurance sector?

    Discover why value investors should consider the insurance sector. Value investors look for extremes in valuation and sentiment ...
  3. Why was the accountant responsible for auditing ZZZZ Best unable to determine that ...

    Find out why the accountant responsible for auditing ZZZZ Best couldn't determine that the company was engaged in a Ponzi ...
  4. How much do changes in interest rates affect the profitability of the insurance sector?

    Learn about the relationship between interest rates and insurance company profitability, and how interest rates can affect ...

You May Also Like

Related Tutorials
  1. Home & Auto

    Homebuyers' Walkthrough

  2. Budgeting

    The Complete Guide To Vacation Properties

  3. Home & Auto

    The Complete Guide To Real Estate Renting

  4. Home & Auto

    Introduction To Insurance

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!