Once the financial parameters are set, the checklist shifts to the physical property. It is easy to be charmed by a "lipstick on a pig" flip—where fresh paint masks deeper issues. A meticulous initial walkthrough should focus on the "big-ticket" items that are costly to repair: 10 Red Flags to Look for When Buying a House - Window World
Before stepping foot into an open house, the checklist must begin with a rigorous assessment of financial health. This stage is not merely about what a lender will give you, but what you can comfortably afford.
: Obtaining a mortgage pre-approval letter is a non-negotiable step that demonstrates serious intent to sellers and establishes a realistic search range. Structural Integrity: Looking Beyond the Surface
: Beyond the down payment—which can range from 3% to 20%—buyers must account for closing costs (typically 2% to 5% of the home's price), property taxes, and homeowners insurance.