Here’s a simple 5-step guide to purchasing a home:

1. Determine Your Budget

• Evaluate your finances to figure out how much you can afford for a down payment and monthly mortgage payments. Consider your income, debt, and other expenses. Use an online mortgage calculator to get an estimate.

2. Get Pre-approved for a Mortgage

• Contact a lender or bank to get pre-approved for a loan. This will help you understand how much you can borrow and give you a competitive edge when making offers. You’ll need to provide financial documents like income, savings, and credit history.

3. Start House Hunting

• Find an estate agent who knows your desired area or start browsing online listings. Visit homes that fit your budget and preferences. Keep in mind the location, size, amenities, and condition of the homes.

4. Make an Offer

• Once you find a home you like, your estate agent will help you make an offer. This includes deciding on a price and terms. If the seller accepts, you’ll move to the next step; if not, you may negotiate or move on to other homes.

5. Close the Deal

• After the offer is accepted, you’ll go through inspections, appraisals, and finalising your mortgage. Once everything checks out, you’ll sign the paperwork, pay your down payment and closing costs, and officially become the owner of your new home!

Each step is a bit of a process, but this breakdown helps you stay organised and on track!