Buying a house is a major decision that requires careful consideration. Here are some things to know before buying a house:

1. Determine why you want to buy a house: Before starting your search, define your personal and financial goals. Think about when you intend on moving, what you want in a home, and how long it could take you to save for a down payment.

2. Get your finances in order: Check your credit score, figure out how much you can set aside for a down payment, and determine the maximum loan you qualify for. Getting preapproved can help.

3. Make a plan for ongoing expenses: Be sure you’re prepared for the ongoing expenses of maintaining a home.

4. Create a wish list: Make a list of what’s important to you in a home. Is location the top priority? Any must-have amenities? .

5. Find the right mortgage for you: Research and compare different mortgage options to find the one that best suits your needs.

6. Get preapproved for a mortgage: This can help you avoid wasting time viewing homes that are more expensive than what you’re able to qualify for.

7. Find a trusted real estate agent: A good real estate agent can help you navigate the homebuying process and find the right home for you.

8. Go shopping! Once you have your finances in order and a wish list, start looking at potential homes.

9. Make an offer: When you find a home you love, make an offer.

10. Get a mortgage: Once your offer is accepted, youll need to finalize your mortgage.

11. Get homeowners insurance: Protect your investment by getting homeowners insurance.

12. Schedule a home inspection: A home inspection can help you identify any potential issues with the home before you buy it.

13. Have the home appraised: A home appraisal can help you determine the fair market value of the home.

14. Understand the contract: A house purchase involves a contract, so make sure you understand the terms before signing.

15. Consider your lifestyle needs: Think about your other goals for the next few years. Are you buying with a partner, and if yes, are you on the same page when it comes to money? Is there any chance youd need to relocate for work? Are you thinking of starting a family? These big-picture questions can add to the pros (or cons) of whether this is the right time to buy a house[[6]](https://www.investopedia.com/updates/firs...