Buy a House-Everything you ever wanted to know about becoming a homeowner

Considerations Before You Buy

The Buying Process

Special Terms for First-Time Homebuyers


Whether you've done it before or not, the challenge of buying a home can be incredibly daunting. It's tempting to either just go with the first place that falls in your price range or continue to rent. To help you demystify the process and get the most out of this purchase, let's examine what you'll need to consider before you buy, what you can expect from the buying process itself, and some handy tips to make life easier after you move into your home.
  • Before you begin home-hunting, ask yourself what sort of residence best suits your needs and wants, how much home you can actually afford, how much financing you can get, and who will help you in your search.
  • The actual homebuying process includes finding a place, securing financing, making an offer, obtaining a home inspection, and closing the deal.
  • As a new homeowner, you must maintain the residence, but also to keep on saving money—don't rely on selling a home to fund your retirement, no matter what the housing market does.

    Use this information—and the rest of the material in our Complete Homebuying Guide—to work through the complex process of getting started, budgeting for a home, finding one, checking it out, learning buying's key concepts, andgetting a mortgage.