Once you find the right house, your agent will check historical local property sales to help you determine a competitive bid.

Attend open houses and go on private tours with your agent. Take notes and photos on every property to reference later.

Your lender will independently hire an appraiser to ensure the home's market value accurately matches the amount of money you agreed to pay.

Hire an independent home inspector to examine the structural integrity, roof, plumbing, and electrical systems of the house.

Calculate your monthly debt-to-income (DTI) ratio. Most lenders prefer your total monthly debts (including your future mortgage) to remain under 43% of your gross monthly income.

If the inspector finds structural or mechanical issues, use the report to ask the seller to pay for repairs or reduce the home price.