# Home Buying Step-by-Step Checklist

*Buying a home is a major milestone. This checklist walks you through every phase—from getting financially ready to moving in—so you stay organized, avoid costly mistakes, and enjoy a smoother transaction.*

---

## 1️⃣ Pre‑Purchase Preparation  

- [ ] Review your credit report for errors and dispute any inaccuracies.  
- [ ] Pay down high‑interest credit cards to improve your debt‑to‑income ratio.  
- [ ] Calculate your ideal budget using the 28/36 rule (max 28 % of gross income on housing, 36 % on total debt).  
- [ ] Get pre‑approved for a mortgage (not just pre‑qualified).  
- [ ] Research local market trends (median price, inventory days, appreciation rates).  
- [ ] Identify must‑have home features and create a priority list (e.g., number of bedrooms, school district).  
- [ ] Set aside 2‑3 % of the purchase price for closing costs and an additional 1‑3 % for moving expenses.  
> 💡 **Tip:** Use a mortgage calculator to model different loan amounts, interest rates, and loan terms before you start house hunting.

---

## 2️⃣ House Hunting  

- [ ] Choose a reputable real estate agent experienced in your target neighborhood.  
- [ ] Attend open houses and schedule private showings for homes that meet your criteria.  
- [ ] Take photos and notes for each property to compare later.  
- [ ] Verify the property’s zoning, HOA rules, and any community restrictions.  
- [ ] Research the school district, commute times, and local amenities.  
- [ ] Request a Comparative Market Analysis (CMA) from your agent to gauge fair market value.  
- [ ] Narrow down to 3–5 top choices and revisit them for a second look.  
> 💡 **Tip:** Bring a checklist of “deal‑breakers” vs. “nice‑to‑haves” to keep your search focused.

---

## 3️⃣ Offer & Negotiation  

- [ ] Review the seller’s disclosure statement for known defects.  
- [ ] Determine an appropriate offer price based on CMA, condition, and market demand.  
- [ ] Decide on contingencies (inspection, appraisal, financing, sale of current home).  
- [ ] Submit a written offer with earnest money deposit (typically 1‑2 % of purchase price).  
- [ ] Negotiate repairs or credits after the home inspection (if needed).  
- [ ] Obtain written acceptance or counter‑offer and sign the purchase agreement.  
- [ ] Notify your lender of the signed contract to lock in your rate (if applicable).  
> 💡 **Tip:** In a competitive market, consider an escalation clause or a larger earnest deposit to strengthen your offer.

---

## 4️⃣ Due Diligence & Financing  

- [ ] Schedule a professional home inspection within the contingency period.  
- [ ] Review the inspection report; request repairs or price adjustments as needed.  
- [ ] Order a home appraisal through your lender.  
- [ ] Secure homeowner’s insurance and provide proof to the lender.  
- [ ] Finalize loan application and submit all required documentation (pay stubs, tax returns, bank statements).  
- [ ] Review and sign the Loan Estimate and Closing Disclosure (receive at least 3 days before closing).  
- [ ] Conduct a final walk‑through 24‑48 hours before closing to confirm condition.  
> 💡 **Tip:** Keep a dedicated folder (digital or physical) for all loan documents to avoid last‑minute delays.

---

## 5️⃣ Closing & Moving In  

- [ ] Review the Closing Disclosure for any last‑minute changes in fees or loan terms.  
- [ ] Arrange a wire transfer or certified check for down payment and closing costs.  
- [ ] Attend the closing meeting; sign the deed, mortgage, and other legal documents.  
- [ ] Receive the keys, deed, and any warranties or manuals for appliances.  
- [ ] Change address with USPS, banks, utilities, and subscription services.  
- [ ] Set up utilities (electric, water, gas, internet) for move‑in day.  
- [ ] Conduct a deep clean or hire a cleaning service before unpacking.  
> 💡 **Tip:** Bring a “first‑night” box with essentials (toilet paper, snacks, toiletries, basic tools) to avoid scrambling after you arrive.

---

## 6️⃣ Post‑Purchase Follow‑Up  

- [ ] File the deed and settlement statement in a safe, fire‑proof location.  
- [ ] Register your home with the local tax assessor to ensure correct property tax billing.  
- [ ] Schedule any immediate maintenance (HVAC service, gutter cleaning, pest control).  
- [ ] Review your homeowner’s insurance policy annually and adjust coverage as needed.  
- [ ] Set up an emergency fund for unexpected repairs (aim for 1‑3 % of home value per year).  
- [ ] Update your will or trust to include the new property.  
> 💡 **Tip:** Create a home maintenance calendar (quarterly, semi‑annual, annual tasks) to protect your investment long‑term.

---

## How to use this checklist  

1. **Print or save** a copy where you can easily check items off.  
2. **Customize** any step to fit your local market or personal timeline (add or remove items as needed).  
3. **Mark each box** as you complete the task; the visual progress helps keep momentum.  
4. **Review the “💡 Tips”** for extra guidance and to avoid common pitfalls.  
5. **Revisit the checklist** after closing to ensure post‑purchase tasks aren’t forgotten.  

Stay organized, stay informed, and enjoy the journey to your new home!