Step 9: Get a Home Appraisal

Step-by-Step Home Buyer’s Guide

Step 1: Start Your Research

Step 2: Set Your Budget

Step 3: Get Prequalified for a Mortgage

Step 4: Find a Real Estate Agent

Step 5: Tour Properties and Find the Right Home

Step 6: Make an Offer

Step 7: Schedule a Home Inspection

Step 8: Choose Your Loan

Step 9: Get a Home Appraisal

Step 10: Complete the Paperwork and Close the Deal

Your lender will arrange for an independent appraisal to confirm that the property’s value aligns with the purchase price. This step ensures that the bank is making a sound investment and that you’re paying a fair price for your new home.

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Step 9: Get a Home Appraisal

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