What to Expect During the Home Buying Process
You’ve gotten pre-qualified and taken steps to strengthen your credit—now comes the exciting part: buying your home! Whether you’re a first-time buyer or simply need a refresher, here’s a simple breakdown of what to expect from start to finish.
1. Partner with the Right Realtor
The right real estate agent can make all the difference. They’ll listen to your goals, explain the market, and act as your advocate every step of the way—from showings to negotiations. A seasoned agent understands how to help you win in competitive markets and avoid common pitfalls.
2. Begin the House Hunt
Once you know your price range, it’s time to explore. Think about location, layout, schools, commute times, and resale potential. Make a list of must-haves vs. nice-to-haves so you can stay focused. Touring homes is exciting, but staying clear on your goals keeps things productive.
3. Submit an Offer
When you find “the one,” your agent will guide you through writing a strong, competitive offer. This includes not only the price, but contingencies such as inspection, appraisal, or financing. Depending on the market, you may be in a multiple-offer situation—your agent’s strategy is key here.
4. Schedule an Inspection and Appraisal
Once your offer is accepted, you’ll schedule a home inspection to assess the property’s condition. This is your chance to identify repairs or negotiate further. Meanwhile, your lender will order an appraisal to ensure the home is worth the purchase price.
5. Finalize the Loan and Prepare for Closing
Your lender will work with you to gather final documentation, lock in your interest rate, and finalize your mortgage approval. Title work and homeowner’s insurance also need to be secured. This phase can feel paperwork-heavy, but it means you’re getting close!
6. Closing Day: Welcome Home
On closing day, you’ll sign documents, pay your down payment and closing costs, and receive the keys to your new home. It’s official—you’re now a homeowner!
Written by: Amanda Eaton
Amanda Eaton is a Jonesboro, AR based secondary market lender serving customers in Arkansas and Tennessee as our Mortgage President. Whether you're a first-time homebuyer or long-term real estate investor, Amanda and her team offer simple, proven, reliable service for all your home loan needs. Apply online or call our mortgage team at (870) 215-4723 ext 1006.