What Is Needed To Buy A Home -

The seller may counter your price or terms until both parties sign a purchase agreement. Phase 4: Due Diligence

You submit a price along with "contingencies" (conditions that must be met for the deal to go through). what is needed to buy a home

You provide a "good faith" deposit (usually 1-2% of the price) to show you're committed. The seller may counter your price or terms

Once you are "under contract," the clock starts ticking on your protection period: what is needed to buy a home

Lenders look at your credit score to determine your interest rate. A higher score means lower monthly payments.