Flow Chart — Real Estate Buying Process

The real estate buying process typically follows a structured journey from financial preparation to receiving the keys, often spanning six weeks to several months.

: Calculate what you can afford using rules like the 30/30/3 rule (30% of income on mortgage, 30% of savings for down payment, 3x annual income for home price). real estate buying process flow chart

: This formal letter from a lender confirms your borrowing power and makes you a serious buyer in the eyes of sellers. The real estate buying process typically follows a

: Check your credit score (typically 620+ for most lenders) and save for a down payment (3% to 20%). 30% of savings for down payment