Step 9 – Close

If the seller accepts your offer, you will enter contract before closing, and the deal will be contingent upon you securing a loan with your lender, getting the home inspected, and doing a walk-through inspection 24 hours before closing.

Be prepared for closing costs such as appraisal fees, attorney fees, title insurance, property transfer taxes, and inspection fees, which can add up to be about 5% of the mortgage amount.

Closing customs will vary depending on the state you’re buying in, which your real estate agent or lawyer will be able to explain to you.