: This is a letter from a lender saying they will definitely lend you $X amount. Most sellers won't even look at your offer without it. Follow the 30/30/3 Rule :
Spend no more than of your monthly income on the mortgage.
: Your agent will help you pick a price. You'll likely include "contingencies," which are "get out of jail free" cards if the inspection is bad or your loan falls through.
Buying a house is a marathon, not a sprint. To keep it simple, you need to focus on three phases: , finding the place , and closing the deal . 🏗️ Phase 1: The Money Foundation
: Be ruthless. You can change the paint, but you can’t change the location or the number of bedrooms easily.
: Never skip this. A pro will check the roof, foundation, and plumbing. If they find a $20,000 problem, you can ask the seller to fix it or lower the price.
: Compare at least three properties thoroughly before making a decision to ensure you aren't panic-buying. 🤝 Phase 3: The Offer & Closing This is where things get "legal."