Keys being handed over on the doorstep of a new home

Buying

BUYER

Your comprehensive resource for navigating the home buying process in Greater Boston, from pre-approval to closing.

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Brokerage: Keller Williams Realty
Licensed: MA Broker
Towns covered: 17
Languages: English · Tiếng Việt

8 steps

YOUR BUYING ROADMAP

1
Step 1 of 8
Preparation & Financial Readiness
Check your credit score – Aim for 620+ for conventional loans (higher score = better terms).
- Set a budget – Use online calculators or speak with a lender to determine how much you can afford (including taxes, insurance, and HOA fees if applicable).
- Save for upfront costs – Down payment (3–20%), closing costs (2–5%), inspections, and moving expenses.
- Get pre-approved – A lender issues a pre-approval letter showing sellers you're financially qualified.
- Identify must-haves vs. nice-to-haves – Location, size, layout, amenities, commute, school district.
2
Step 2 of 8
Hiring Professionals
Choose a buyer's agent – They represent your interests, negotiate on your behalf, and guide you through the process (paid from seller's commission in most cases).
- Select a lender/mortgage broker – Compare rates, fees, and programs (FHA, VA, USDA, conventional).
- Optional specialists – Real estate attorney (common in some states), financial advisor, inspector.
3
Step 3 of 8
House Hunting
Search online & tour properties – MLS, Zillow, Redfin, open houses.
- Narrow your search – Consider market trends, property taxes, neighborhood safety, and future resale value.
- Track comparable sales – Understand what similar homes sell for to avoid overpaying.
4
Step 4 of 8
Making an Offer
Review comparable sales – Helps determine a fair and competitive price.
- Set terms – Price, deposit amount (earnest money), contingencies (inspection, financing, appraisal), closing date.
- Submit offer – Your agent delivers it to the seller's agent.
- Negotiate – Counteroffers may go back and forth until an agreement is reached.
5
Step 5 of 8
Under Contract
Deposit earnest money – Usually 1–3% of purchase price; held in escrow.
- Schedule inspections – General home inspection, plus specialized ones (radon, mold, septic, pests) if needed.
- Negotiate repairs or credits – Based on inspection results.
- Lender orders appraisal – Ensures the property is worth the agreed price.
6
Step 6 of 8
Financing & Due Diligence
Provide documents to lender – Pay stubs, tax returns, bank statements.
- Secure homeowner's insurance – Required by lenders before closing.
- Review title & HOA docs – Ensure no liens, unpaid fees, or restrictions that impact your plans.
- Get final loan approval – Known as 'clear to close.'
7
Step 7 of 8
Closing
Do final walkthrough – Confirm repairs are complete and home is in agreed condition.
- Sign closing documents – Mortgage, deed, disclosures.
- Pay closing costs & down payment – Usually via cashier's check or wire transfer.
- Receive keys – Congratulations, you officially own the home!
8
Step 8 of 8
Post-Closing
Change locks & update security – Safety first.
- Transfer utilities – Gas, electric, water, internet.
- File homestead exemption – In states where it lowers property taxes.
- Set a maintenance schedule – Protect your investment.

Important Notice: Every home buying situation is unique, and this roadmap serves as a general guideline only. Your specific circumstances may require additional steps, different timing, or alternative approaches not covered here. This information is provided for educational purposes and should not be considered as legal, financial, or professional advice. We strongly recommend consulting with qualified professionals including real estate agents, lenders, attorneys, and other specialists who can provide guidance tailored to your specific situation and local market conditions.