What is the order of operations for buy a home?

[Ryan Tiglao]

I am a complete newbie here. I have seen a few videos and watched a few webinars which have been extremely valuable, but when it comes to the granular process in purchasing a property. I'm still not sure what comes first in terms of offer to a new house or finding a loan if I've already established a budget. Do i just need a pre-approval and start sending out offers? Also uncertain how far down the chain can we go before backing out of a deal if we realize it's a bad one (eg inspection, appraisal, etc.). Lastly, when does the appraisal and inspection actually happen? What is done during these functions of the process?

I appreciate the help and really enjoy learning from the BP Team and the community!

Thank you!