Steps To Buying And Selling A Home May 2026

Even if you’ve owned a home for years, lending standards change. A fresh pre-approval letter proves to sellers that you are a serious buyer who can perform once your current house sells.

Your lender will hire an appraiser to ensure the home is worth the loan amount. If the appraisal comes in low, you may need to bridge the gap with cash or renegotiate the price. Phase 5: The Double Closing steps to buying and selling a home

Work with an agent to analyze "comps" (comparable homes recently sold in your area). Pricing competitively often generates multiple offers, which gives you more leverage regarding your closing date. Phase 3: The Search and the "Contingency" Even if you’ve owned a home for years,

Most buyers find their homes online first. High-quality photos and a staged layout make your home stand out in a crowded market. If the appraisal comes in low, you may

Before listing your current home or touring new ones, you need a clear financial picture.