And Selling A House Work: How Does Buying

: Assess "home affordability" by calculating your debt-to-income (DTI) ratio; ideally, total debt should not exceed 36% of monthly income.

: After offer acceptance, the "under contract" period begins. This includes a professional home inspection to identify defects and an appraisal to ensure the home's value matches the loan amount. how does buying and selling a house work

: On closing day, you sign final loan documents and pay closing costs (typically 2%–5% of the purchase price). The Home Selling Cycle how does buying and selling a house work