If you haven't started saving, do so now! Experts advise to deposit approximately 5-10% of the house price.
Review your current financial situation Get a credit report.
Research your mortgage and financing options.
Meet with a financial/mortgage advisor.
Reduce or eliminate your debt Consider rolling your debt into your mortgage.
Be aware of the extra costs associated with buying a home, such as bank fees, loan fees, property valuation, pest inspection, etc.
If you are a first time home owner, investigate government grants and financial aid.
Set a budget.
Get homeowner's insurance if you are a first-time buyer.
Read all documents carefully before signing Keep all papers in a secure location.
Choosing a House
Research locations by reviewing newspapers, websites, real estate publications, making visits and discussing with friends and family.
Research various neighborhoods (city council, schools, crime rates, parks and public spaces, transportation, shops, banks, leisure and cultural activities, nightlife, etc ).
Research property values and trends.
Make a list of criteria for your new house Be aware that 'the perfect house' might not exist; prioritize your demands and desires.
Find a real estate agent to help you search for properties.
Make appointments to view as many houses as you can.
Attend Open House days.
Find a home inspector you are comfortable with and can trust.
Have the residence inspected Pay special attention to flood and fire history, insect/pest infestation, foundations, a leaky roof, etc.
Seek legal advice if buying in another country.
If buying in another country, consider transportation routes, cultural differences, year-round weather, etc.
And after it is all done, don't forget to:
Find a moving company (see our 'Moving' checklist for related tasks and deadlines).
Find storage options for items you won't move immediately and may need to store temporarily.
Buy appliances and furniture as needed.