1: Apply For A Mortgage
When you buy a home, especially without a REALTOR®, the first thing you’ll need to do is get preapproved. A mortgage preapproval is a way to find out what you can afford so you don’t shop for homes outside your budget. It’s also a way to show sellers you’re serious when you’re making an offer; preapproval indicates that your financing is much less likely to fall through.
You can use Rocket Mortgage® to get approved online and see how much home you can afford. Just answer some questions and share documentation about your income, assets and the home you want to buy. Then, we’ll check your credit to give you real interest rate and payment information, so you know your budget.
2: Research The Neighborhood
Look into the area you’re considering. Learn the average selling price in the area and think about what you value in a neighborhood.
Do you need easy access to public transportation? Would you prefer to buy in an area with highly rated public schools? Narrow your search by neighborhood and then start looking at homes for sale.
3: Find A Property
Once you’ve settled on a neighborhood, it’s time to start looking for homes on the market. Look for homes in your budget and keep a running list of properties that might be right for you.
When you find a home you like online, you can visit it virtually or in person, if conditions allow. Online listings typically include either the owner’s or the agent’s phone number, or a list of upcoming open houses. If there are no open houses scheduled, contact the agent to request a tour.
