Buying a house can be an exciting and rewarding experience but also a complex and challenging process. From finding the right property to securing financing, negotiating with the seller, and navigating the closing process, there are many steps involved in buying a home. Below we break down the steps. Feel free to print or screenshot and save it so you have it for future reference.


  1. Get pre-approved for a mortgage: Before you start house hunting, it’s a good idea to get pre-approved for a mortgage. This involves submitting an application to a lender and providing information about your income, debt, and assets.
  2. Find a real estate agent: A real estate agent can help you find homes that meet your needs and negotiate with the seller on your behalf.
  3. Start house hunting: Once you have a pre-approval letter and a real estate agent, you can start looking at homes that meet your needs and budget.
  4. Make an offer: If you find a home that you want to buy, you will make an offer to the seller, usually through your real estate agent. The offer will include the purchase price, any contingencies, and the closing date.
  5. Obtain a mortgage loan: If the seller accepts your offer, you will need to finalize your mortgage loan. This involves submitting additional documentation to the lender and completing a home appraisal and inspection.
  6. Open escrow: Once your offer has been accepted, you will open escrow with a neutral third-party company. This involves depositing an earnest money deposit, which is typically 1-2% of the purchase price, into an escrow account.
  7. Complete a home inspection: It’s important to have a professional inspection of the home to identify any potential issues or defects that could affect the value or safety of the property.
  8. Review and sign the closing documents: Once the inspection and appraisal are complete, and the lender has approved the loan, you will review and sign the closing documents, which include the loan agreement and other legal documents.
  9. Close escrow: The final step in the process is to close escrow, which involves transferring the funds from the mortgage lender to the seller and transferring ownership of the property to you.


In conclusion, the lending and escrow process are essential components of buying a home, and it’s important to understand each step involved. Obtaining a mortgage loan and buying a property require attention to detail, and collaboration with various professionals. By understanding these processes, homebuyers can make informed decisions and navigate the home buying process with confidence.

Remember, whether you are a first-time homebuyer or an experienced investor, it’s always a good idea to work with qualified professionals who can guide you through each step of the process and help you achieve your goals of homeownership.

If you have any questions, don’t hesitate to book a call with us. We’re here to support you.


Your Trusted Lending Partner,
Keith McLaurin
The Zion Group