While 20% is the gold standard to avoid private mortgage insurance (PMI), many first-time programs allow as little as 3% or 3.5% down.
Don’t just buy for your life today; think about where you’ll be in five years.
Once your offer is accepted, you are "under contract," but the deal isn't done yet.
Now for the fun part. Make a list of "Must-Haves" (number of bedrooms, school district) and "Nice-to-Haves" (granite countertops, hardwood floors).
When you find "the one," your agent will help you determine a fair offer price based on "comps" (what similar homes nearby sold for recently). You’ll submit an offer with an —a small sum that shows you’re acting in good faith. Be prepared for a counter-offer or a bidding war. 6. Inspection and Appraisal
You can change a wall color easily, but you can’t change the layout or the neighborhood. 5. Make an Offer and Negotiate