Updated over 5 years ago on . Most recent reply
The Home Buying Process (Newbie Question)
This is somewhat of an embarrassing question, but what are the exact steps in the home buying process? A simple timeline would be very beneficial to help me gain some clarity on what exactly I need to do at various stages.
I have binged almost 200 episodes of the BP podcast and I still do not understand the process that goes into buying a home. When do you put in earnest money? What is earnest money? When do you get the inspection? Are you supposed to have your own appraiser? What the heck is escrow?
I want to buy a rental property out of state, but I still don’t know what I don’t know.
Thank you to anyone that can help fill in the gaps.
Most Popular Reply
@Rickie Camarato
What @Brandon Rush said! Not sure I you are going to get a more detailed expiation than that. But, yes, finding a lender first would be a good start. We can usually get the process going to tell you exactly what you can and should be looking for based on your qualifications. Can also refer you to a quality agent as well. Let me know if you have any questions, I’d be happy to help. Feel free to DM if you need. You’re in the right place that for sure.