: Your agent will help you draft an offer agreement that includes your proposed price, earnest money deposit (typically 1%–2%), and contingencies (e.g., for inspection or financing). Phase 4: Underwriting & Due Diligence (Month 6)
“Avoid making any large purchases (like a new car or furniture) or opening new credit lines until after your loan has officially closed, as this can jeopardize your final approval.” Georgia United Credit Union what is the home buying process step by step
: You will review the Closing Disclosure three days before the meeting. On closing day, you'll sign the final mortgage documents, pay your closing costs, and receive the keys. Expert Advice on Avoiding Common Pitfalls : Your agent will help you draft an
Community sources and experts highlight the importance of staying disciplined throughout the process. Expert Advice on Avoiding Common Pitfalls Community sources
: Separate "must-haves" (bedrooms, location) from "nice-to-haves" (fenced yard, specific paint colors) to avoid emotional decisions.
The home buying process is a multi-stage journey that typically takes about six months from initial preparation to receiving the keys. As of early 2026, the process emphasizes extreme financial readiness before viewing properties to handle a competitive market. Phase 1: Financial Preparation (Months 1–3)
: Most lenders require proof of insurance before they will finalize your loan. Phase 5: Closing