Fully Prepare To Buy A House (Step By Step Guide)

In this step-by-step guide, we'll walk through the foundation you need to prepare to buy a home. Buying a home doesn't have to be stressful if you have a solid plan that's going to set you up for success.

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First, we're going to cover the budget you need to have when purchasing a house. If you're asking yourself "how much house can I afford?" or "should I buy or rent?" then you're in the right place.

Then, we're going to talk about what credit you need to buy a home. When you get pre-qualified, you'll want to have 1 of 3 credit scores listed in this video.

Third, what kind of down payment do you need to buy a house? What closing costs are involved with purchasing your home? We're going to cover the minimum down payments to purchase along with the average closing costs you'll run into.

Next, you'll learn why you need to get pre-qualified to purchase a home before you start shopping for houses. If you skip out on this, you'll set yourself up for disappointment.

Fifth, should you use a real estate agent? If you follow this step and the fourth step, you'll be better off than 95% of the buyers in your market.

Finally, we're going to cover your timeline and answer questions like "how long does it take to find a house?", "how long does it take to close a mortgage?", and "how do you buy and sell a home at the same time?".

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--- Legal ---

Kyle Seagraves
NMLS# 1701021
Motto Mortgage Alliance
8900 N. Dixie Dr.
Dayton, OH 45414
Equal Housing Opportunity

[seriouslysarcastic]

Another great and very informative video. Quickly turning into one of my favorite real estate channels!

[osmaragonzalez]

My Gosh!!! His voice is so calming!
The way he talks is so clear.
I can listen at him for hours.
Great information. Thank you

[morgantarr]

This honestly calmed my nerves tremendously!! Such great information, and I can tell you truly care about the people you are helping!

[ariahromeliawarner]

Honestly, you are one of the best YouTubers ever. Thank you for getting straight to the point in all of your videos and not bombarded the information with mundane details that has nothing to do with the title. I've learned and I am learning so much from your channel. Being 27 and making the move to invest in a primary residence is no easy fit especially in NYC.

[melissalopez]

I was just approved for my first home mortgage. So excited because this was a goal for my husband and i wanted this as our Christmas gift.

[donishaflynn]

He is so right about everything he said. There is no easy way out for cleaning up credit. When my home buying credit coach told me I will be ready in about two years I wanted to cry but she was right. After two long stressful years of paying off debt she finally gave me the okay once my score got above 640!

[beautylovesnature]

You're an angel from heaven. Thank you for all of your professional advice. Love your channel!

[giptiff]

Your voice is so calming. I can listen to you talk numbers all day❤

[grim_]

this was like Real Estate ASMR!! such a calm and soothing presence discussing something so complicated and stressful! Thank you for the helpful videos!

[TysShoeDesign]

OK, was starting to stress out a bit. This video reminded me to take a breather. Definitely adding this one to my first time buyer Playlist. THANK YOU!!! 👍

[SeanColey]

You need more subscribers. Thank you for the valuable content!

[chelseabray]

YNAB is literally the best budgeting tool!! Has completely changed my life and has put me in a position to buy a house this spring!!

[anjunatuna]

Subscribed because your voice is so therapeutic it's unreal. Also thanks for all the tips!

[bearallison]

You have a heart of a teacher. I have learned so much from your teaching. My stress level in purchasing a home has been around a 15 in a 1 out of 10 scale. I just never thought I'd be able to buy my own home. I'm 58 years old. I lived the majority of my life with this lie. I can't even begin to tell you how truly grateful I am for busting that lie and teaching me what to do based on facts. Much love and respect for you. God bless.

[منبلادالعمسام]

Let me say this:

This is the best video I have ever seen about buying a home! Wow. Really amzing.

[taydanni]

I’m in the process of looking for a home and I wish you were my loan advisor 😭😭😭 your voice is so calming and you break everything down. The loan advisor I have was just like “you’re preapproved, congrats. Let me know when you find a house” 😬

[larissawhitt]

I wish I had seen this video before I had attempted to go through the house buying process this past month! We ended up walking away from the process after finding the house in the neighborhood we wanted. We might have been able to make it work BUT we didn’t want to become house poor. So we ended up taking the money we saved, paid off our two car loans and our one personal loan. Now that money that we were paying for those bills will go back into savings and we will be able to purchase what we want within 2-3 years. The only debt left is student loans! Plus side going through the process is I learned A LOT.

[mycustompaintedlife]

Thank you so much for this. You have NO idea how much I needed to hear the last part of what you said! I have been struggling to find my way to the life I have always wanted but have been held back from for many years, always making me feel like I missed the bus on life. In so many ways, I have, but what I'm trying to do is to put the past behind me because that life that I was living was not my own. If I went into a more detailed explanation of that, it would be a blog post or 20.
My point is that I am trying so hard to cram a lifetime of learning, building, recreating into each and every day, that at the end of the day, I feel like a complete loser because I feel like I haven't accomplished a single thing.
Your calm demeanor along with your clear and concise detailed explanations and planning guides were easy to listen to, not anxiety provoking like every other video telling me to stop doing nothing because doing nothing is the only way to fail. I may not be taking huge steps but I'm trying, In the past 4 months, I've raised my credit score by 100 pts! Currently, I am living off of UI and PUA because my furniture business has ceased, otherwise I'd be looking to buy now, My apartment is ridiculously unhealthy in every way and finding an apartment now is impossible.
I know this is a lot but, really, I just wanted to tell you that what you said at the end, it broke some kind of dam inside of me and I cried, not out of frustration or anxiety but because, finally, I felt like someone was telling me that it's ok to be where I am right now. Thank you so much and I would LOVE to work with you. I'm in between Boston Ma and Cape Cod...If not, I honestly don't have a clue how to find a broker who'd be willing to guide me through this process.

[ashleylatson]

I give props to you and Umortage. Both are informative. Umortage have good turn around time with dealing with clients questions and they are willing to point me in the right direction. Being informative with good communication skills are something these people understand. Thanks again.

[qeshawndahaynes]

I really appreciate all you videos I have learned so much in the past 2 weeks watching your videos than I have in the past 2 years. I started my journey a couple years ago & since then my financial situation changed drastically and I have to start over. It will take me about 2 years to be in the right financial place. It was 2 things you said that really spoke to me and made me have a new outlook:

1. Follow my own time-line and it's ok if that time line is longer than originally anticipated.

2. Paying rent is buying patience 😊

Also, you voice is very calming 😌

Thank you for all you do!