Tag: First time homebuyer

The home search can be one of the most exciting and overwhelming stages of the homebuying process, especially for first-time homebuyers. From location and price to structural concerns and potential red flags, there’s a lot to consider. Understanding what to look for when buying a house can help you avoid costly surprises and choose a home that fits your needs.

In this Redfin Real Estate article, we’ll highlight what to look for when buying a house so that you know what questions to ask as you begin the homebuying process. Whether you’re buying a home in Irvine, CA, or a house in Denver, CO, read on to find out the top features and red flags to consider along the way.

1. Foundation and structure issues to look for when buying a house

One of the most critical things to look for when buying a house is the condition of the foundation and structure. If it isn’t solid, even the most beautiful kitchen or spacious backyard won’t matter. Structural issues can affect everything from safety to resale value, and repairs can run into the tens of thousands of dollars. When touring a home, pay close attention to subtle signs of movement or water damage that could signal foundation trouble.

What to look for:

• Cracks in walls or floors: Hairline cracks are usually cosmetic, but wide, stair-step, or horizontal cracks may indicate serious issues.
  
• Uneven floors: Drop a marble or small ball and see if it rolls across the room. Sloping floors often signal settling.
  
• Doors and windows that don’t close properly: If they stick or won’t latch, the home may be shifting unevenly.
  
• Water pooling around the foundation: Standing water near the base of the home suggests poor drainage, which can eventually lead to structural damage.

2. Roof condition

Another essential thing to look for when buying a house is the condition and age of the roof. A failing roof doesn’t just mean costly replacement – it can lead to leaks, mold growth, and damage to ceilings and walls inside the home. Since roofs are expensive to replace, it’s important to get a sense of their age and condition early in your search and know what to look for when buying a house.

Buyer’s checklist:

• Age of the roof: Asphalt shingles typically last 20–25 years. Tile, slate, and metal can last much longer but still need inspections.
  
• Visible wear: Look for curling edges, missing shingles, or bald patches.
  
• Signs of leaks: Check attic ceilings for water stains, damp insulation, or mold
  
• Gutters and flashing: Rust, sagging gutters, or missing flashing can allow water to seep inside.

Tip: Ask for maintenance or warranty records – some modern roofing systems come with transferable warranties that may save you thousands if replacement is needed.

3. Plumbing issues to look for when buying a house

Plumbing is one of those hidden systems buyers rarely notice until there’s a problem. Leaks, corrosion, and outdated pipes can lead to water damage and expensive repairs. Even during a short house viewing, there are ways to test whether a home’s plumbing is in good condition.

What to test during a showing:

• Water pressure: Turn on faucets and showers to check for steady, strong flow.
  
• Leaks and moisture: Look under sinks, around toilets, and near the water heater for signs of dampness or mold.
  
• Pipe materials: Copper and PEX are the standard today; galvanized steel is outdated and prone to corrosion.
  
• Water heater age: Most last 8–12 years. Rust, loud popping noises, or inconsistent heating are red flags.
  
• Sewer lines: In homes built before 1980, consider a sewer scope to check for tree root intrusion or collapsed pipes.

4. Electrical systems

Electrical systems are a major safety concern and should be part of your house hunting checklist. An outdated electrical system can be both a safety hazard and an insurance issue. Electrical fires remain one of the most common causes of home damage, so it’s important to confirm the home’s wiring is up to code.

What to look for when buying a house:

• Breaker panel condition: A modern, labeled breaker panel is ideal. Fuse boxes may not meet current safety standards.
  
• Grounded outlets: Two-prong outlets indicate older wiring. Use an outlet tester to confirm grounding.
  
• Signs of overloading: Flickering lights, buzzing switches, or warm outlets may indicate overloaded circuits.
  
• Wiring type: Aluminum or knob-and-tube wiring, common in mid-20th-century homes, can be a fire risk and limit insurance coverage.

Tip: If the home hasn’t had an electrical update in decades, budget for a professional inspection and possible rewiring – often costing $8,000–$15,000.

5. HVAC and major systems to look for when buying a house

Heating and cooling systems have a major impact on your comfort and your budget. They’re also one of the most expensive systems to repair or replace. Knowing the condition of the furnace, air conditioner, and ductwork before you buy can save you from costly surprises.

Key questions for sellers:

• How old is the furnace and AC? (15+ years is nearing end-of-life.)
• When was the last professional service performed?
• Does the home heat and cool evenly?
• Are ducts sealed and insulated properly?
• What’s the home’s average energy bill?

Don’t forget to ask about major appliances included in the sale. Energy-efficient models not only reduce bills but may also qualify for tax credits or rebates.

6. Windows, doors, and insulation

Drafty windows and poor insulation can dramatically impact energy bills, making them important features to look for when buying a house. Energy efficiency is more important than ever as utility costs rise. 

What to check:

• Window quality: Double- or triple-pane glass provides better insulation. Condensation between panes signals failed seals.
  
• Door fit: Exterior doors should close tightly without gaps or drafts.
  
• Insulation: Attics should have at least 12 inches of insulation. Check crawlspaces and basements, too.
  
• Weather stripping: Worn or missing seals around windows and doors are easy fixes but worth noting.

Tip: Ask for 12 months of utility bills. Spikes in heating or cooling costs can indicate poor insulation or inefficient systems.

7. Signs of water damage and mold to look for when buying a house

Water damage is one of the most expensive issues a homeowner can face, and mold poses health risks that are often hidden behind fresh paint or cosmetic updates.

Red flags:

• Musty odors: Especially in basements, crawlspaces, or bathrooms.
  
• Ceiling or wall stains: Brown or yellow marks usually point to past or ongoing leaks.
  
• Warped or soft floors: Moisture trapped beneath flooring can cause wood to buckle.
  
• Visible mold: Often appears around windows, in corners, or near HVAC vents.

If you notice any of these signs, a professional inspection is strongly recommended. As flooding becomes more common, it’s crucial to understand if your home is in a flood zone. Homes in high-risk flood zones require flood insurance that is not typically included in homeowners insurance. They may also cost more upfront, depending on the flood risk.

8. Pest and rodent problems

Pests like termites, carpenter ants, and rodents can cause serious damage before you even realize they’re there. They can also make the home unsafe and unsanitary.

What to look for when buying a house:

• Termite signs: Mud tubes along foundation walls, hollow-sounding wood, or sagging floors.
• Rodents: Droppings in basements, attics, or pantries.
• Carpenter ants: Small piles of sawdust-like debris near wood trim.
• Entry points: Gaps in siding, vents, or rooflines that allow pests to enter.

Tip: In termite-prone areas, always request a wood-destroying insect inspection as part of your purchase agreement.

9. Neighborhood and location factors

A home is more than four walls. The surrounding neighborhood plays a huge role in your quality of life, commute, and even the property’s future value.

“The most important things buyers should focus on are location and interior square footage.” says Joanna Jimenez, realtor with The Opes Group at Compass in Miami, FL. “Construction costs keep rising, so buying more square footage in the best location you can afford will go further than updated kitchens or bathrooms. Many buyers skip homes that look like they need work, but if the location and layout fit your needs, it’s worth touring the home. Aesthetics are the easiest thing to change later.”

Factors to consider when buying a house:

• Noise: Visit at different times of day to check for traffic, train, or nightlife noise.
  
• Commute: Test your daily route during rush hour. Check the walk score to get a sense of how pedestrian-friendly the neighborhood is.
  
• Schools: Even without children, good schools boost resale value.
  
• HOA rules and fees: Check for restrictions on pets, landscaping, or short-term rentals.
  
• Future development: Research city zoning maps and planned projects – an empty lot could soon become a busy retail center.
  
• Climate risk: Homes in floodplains, wildfire zones, or extreme heat areas may face higher insurance premiums – or limited coverage availability.

10. Hidden costs: Insurance and climate risk

One of the most overlooked things to look for when buying a house is the hidden cost of ownership, especially rising insurance premiums. In 2025, insurance premiums have risen dramatically in many states due to climate-related risks.

What to investigate:

• Flood insurance: Required in designated flood zones and often expensive.
• Wildfire coverage: Some insurers are pulling out of high-risk regions altogether.
• Extreme heat: Increases cooling costs and puts stress on HVAC systems.
• Storm damage: Hail and wind-prone regions may see higher premiums.

Tip: Request a home insurance quote on the specific property before making an offer. Rising premiums can quickly turn an “affordable” home into a stretch for your budget.

11. Make sure you’re not buying more house than you can afford

It’s easy to get swept up in square footage, extra bedrooms, or that dream kitchen, but stretching your budget too far can create long-term financial stress. Beyond the purchase price, you’ll need to cover closing costs, moving expenses, and ongoing maintenance. Rising property taxes and insurance premiums in 2025 make this an especially important consideration. Keep in mind that real estate taxes and property taxes aren’t always the same — understanding the difference can help you budget more accurately.

How to stay within budget:

• Factor in monthly costs beyond the mortgage, including utilities, HOA fees, and insurance.
  
• Leave room in your budget for unexpected repairs and maintenance (a good rule of thumb is 1–3% of your home’s value per year).
  
• Use Redfin’s affordability calculator to get a clear sense of how much house you can comfortably afford before you start touring.

Tip: Just because you’re preapproved for a certain amount doesn’t mean you should spend it all. Aim for a home that fits both your needs and your financial comfort zone.

What to look for when buying a house FAQs

What are the biggest red flags when buying a house?

Major foundation cracks, mold, outdated wiring, pest infestations, and homes located in high-risk climate zones that are difficult or impossible to insure.

Should I buy a home that needs repairs?

Cosmetic fixes are usually fine, but major structural issues or system overhauls can quickly outweigh any savings on the purchase price.

How do I know if a house has hidden problems?

Hire a licensed home inspector, and consider specialists for areas like foundations, sewers, or roofs if you see warning signs.

What’s the number one thing to check?

The foundation and roof. They’re the most expensive components to repair and protect everything else in the home.

Key takeaways

• On average, closing on a home can take anywhere from 30 to 60 days. 
• The closing process includes mortgage approval, title checks, home inspections, and gathering required documents.
• Closing day involves reading through and signing paperwork before the title is finally transferred to you.

After the seller has accepted your offer on a home, you’ll begin the closing process. From submitting your mortgage application and ordering the appraisal to completing the final walkthrough and signing paperwork, there are several steps between offer and ownership.

In this Redfin article, we’ll outline 10 steps to closing on a house and what you can expect during the process. Whether you’re buying a house in Durham, NC, or a condo in Long Beach, CA, here’s what you need to know about closing on a home.

Documents you’ll need for closing on a house

There are four key documents you’ll encounter during the closing process. Here’s an overview of what you can expect from each:

1. Closing disclosure: Summarizes your final loan terms, interest rate, monthly payments, and a full breakdown of closing costs. You must receive this at least three business days before closing, and you’ll need to bring this document on closing day.

2. Seller’s disclosure: Also called a property disclosure, a seller’s disclosure outlines any undisclosed details about the home that may negatively impact its value. If the disclosure shows any major issues with the property, you may be able to back out of the deal without losing your earnest money. 

3. Title documents: The title documents verify the home’s owner and show if there are any claims or liens against the home.

4. Loan application: You’ll receive a copy of your loan application, which you can review. 

10 steps to closing on a house

The closing process finalizes the sales contract between you, the buyer, and the home seller. There are several steps to closing on a house, and knowing what to expect along the way can help prevent any delays. Let’s take a look through them.

1. Deposit earnest money

One or two days after the seller accepts your offer, you’ll need to deliver your earnest money to a title or escrow company. They will hold it, typically in an escrow account, while the home sale is in progress. 

Earnest money is usually 1%–3% of the home’s sale price and is a deposit you pay to show the seller you’re committed to buying the home. If you back out of the deal for a reason that’s not covered in the contract, you’ll lose your earnest money. Your earnest money is applied to closing costs, down payment, or other fees at closing. 

2. Complete your mortgage application

Once your offer is accepted, you’ll need to apply for your mortgage. If you decide to go with the same lender that issued your pre-approval, they’ll already have some of the documents you need for the application. You’ll likely only need to provide updated financial statements. 

If you move forward with a different lender for your mortgage, they’ll let you know what they need. It will likely be a lot of the same documentation you provided during the pre-approval process. All of this information will be reviewed by an underwriter to ensure you qualify for the loan you’re seeking.

Avoid making big financial changes during this period. Opening new credit cards, financing a car, or making large purchases can affect your credit and delay or deny your approval.

3. Conduct a title search and order title insurance

A title is a legal document that shows the history of ownership of a home. After the seller has accepted your offer, an attorney or title company will review the home’s title to look for any problems that might prevent the home from being legally sold. Most importantly, they want to find out if anyone other than the owner has a claim on the home. Then they’ll produce a title report with their findings.

Once you get your title report, read it immediately. You only have a few days after receiving it to review it. If you have a title contingency and you find problems on the title report that can’t be cleared up, you can use that contingency to back out of the deal.

If the title search is returned “clear of defects,” the title company or attorney will order a title insurance policy. This protects against financial losses if a problem arises with the title after you buy the home.

4. Schedule a home inspection

Most buyers choose to have a home professionally inspected before they buy it. An inspector looks for any problems that could be expensive to fix or make the home unsafe, such as structural defects, electrical or plumbing problems, pest damage, or non-working appliances. 

A home inspection can also give you a heads-up about problems to keep an eye on after you buy the home. A standard inspection can cost $300–$400 or more, and you’ll need to pay this upfront.

Work with your agent to schedule your inspection. Depending on the home’s location and condition, you may want additional inspections, such as sewer, termite, or roof inspections. You can usually attend these and ask the inspectors any questions that come to mind.

The inspection report helps you decide whether to request repairs, negotiate credits, or proceed as is. Your real estate agent can guide you on the next steps based on the findings.

5. Pay for an appraisal

A home appraisal is an unbiased professional opinion of a home’s value. It can help ensure that you’re not overpaying for the home. Your lender will likely require a satisfactory appraisal before approving your loan. They want to ensure the loan isn’t worth more than the home’s value. Some lenders will get an appraisal waiver, which can save you money and time.

If the appraiser decides the home is worth at least the purchase price – the amount you’ve agreed to pay in the contract – you’re good to go. If the appraisal comes back too low, meaning the home isn’t worth what you’ve agreed to pay, you probably have a couple of options. Your agent can explain your options based on what’s outlined in your contract. 

6. Buy homeowners insurance

A homeowners insurance policy protects the value of your home and personal property against fire, theft, and other damage. At closing, most mortgage companies will require you to show proof of an insurance policy already in place. This policy must be active before closing so coverage begins the moment you officially own the home.

Your lender can typically walk you through your homeowners insurance options. You can also shop around for insurance yourself to find a plan that best fits your needs. If you live in an area prone to flooding or fires, now is the time to purchase flood insurance and/or a fire insurance plan. 

Do I need a home warranty? A home warranty covers the repair or replacement costs for major home systems and certain appliances. It’s not required, but it can be helpful to offset the cost of unexpected repairs.

7. Finalize the loan with your lender

Loan approval can take a month or longer when closing on a house, so it typically comes through toward the end of the closing process. This is the last major piece that needs to fall into place for your closing to wrap up as scheduled. While your loan is being approved, it’s important to avoid any major changes to your finances. Once your loan is approved, you can begin the final steps of closing on your home. 

8. Do a final walkthrough

A final walkthrough ensures the home is in the condition in which you agreed to buy it. The walkthrough should happen a few days before closing, after the seller’s possessions have been completely moved out. If you and the seller agreed upon repairs, you’ll want to make sure these were completed.

Additionally, if appliances like the refrigerator, stove, etc., were to remain in the home, check that they’re still there. Finally, make sure the home looks like it’s in the same condition as when you last looked at it. You can use a final walkthrough checklist to make sure you don’t miss anything.

9. Gather your documents for closing on a house

The closing process is long, so you may be wondering when the actual closing happens. Closing on a house, the process of transferring money and signing the final contract, typically takes place the day before the closing date set in the contract.

What does that mean for you? You’ll need to have the money for your down payment and closing costs ready a day or two before your official closing date. Be sure to ask ahead of time if you should wire transfer the payment or bring a certified or cashier’s check. You typically cannot pay with a personal check.

In some states, a real estate attorney will conduct the closing process. The closing agent or real estate attorney will send you a list of everything you need to bring to the closing. Often this includes:

• Government-issued photo ID
• Closing disclosure to compare to the final documents
• Copy of your homeowners insurance policy
• Copy of your contract with the seller
• Home inspection reports
• Anything else the bank requires to approve your loan
• Cashier’s check for down payment and closing costs (unless you’ll pay by wire transfer)
• Checkbook (to cover any miscellaneous costs)

10. Sign the paperwork and get your keys

You’ve made it to the last step in the house closing process – signing the final paperwork. Closings usually take place at a title company with a closing agent and any co-borrower(s). If required, your real estate agent, real estate attorney, and the sellers may be present. There are also options now that allow you to do all of this online, called eClosings.

Take as much time as you need to read and understand everything before you sign. Some closing documents are written in complicated language, so ask your attorney or real estate agent if you’re not clear on anything. Many homebuyers take the day off work to ensure they have enough time to read through the documents.

Once all the documents are signed and the payments are exchanged, the home is yours. You may be able to get your keys that day or the next day. 

FAQs about the house closing process

How long does it take to close on a house?

If you have a mortgage, then closing on a home typically takes 30 to 60 days. Sometimes, closing can be as quick as two weeks, but this varies. 

What can cause delays in a house closing?

Missing, incorrect, or late paperwork can cause delays in closing. Other common roadblocks during the closing process include low appraisals, credit issues, and problems verifying income and assets. 

How much are closing costs?

Closing costs are typically 2 to 5% of the home’s purchase price. It covers various fees, like taxes, insurance, and processing fees. 

What is cash to close?

Cash to close is the total amount you’ll pay on closing day. This includes your down payment, closing costs, prepaid expenses, and any funds required to set up your escrow account. Your earnest money is applied to these costs, including any seller or lender credits. 

What is an escrow account?

An escrow account is typically opened by a title or escrow company to hold your earnest money until closing. After closing, your lender may also set up a separate escrow account to collect funds for property taxes and homeowners insurance.

How long does closing day take?

Closing day takes approximately two hours to complete. You shouldn’t feel pressured to hurry, as you have plenty of documents to review and sign. 

One of the biggest hurdles of buying a home is saving up for one. From down payment to closing costs and moving expenses, it can be expensive to buy a home. If you’re just beginning to think about buying a house then you may need to take some time to save for a house. 

In this Redfin article, we’ll outline how to save for a house in nine steps. Whether you’re buying a home in Cleveland, OH, or a condo in Richmond, VA, there are plenty of small and big ways to help you save for a house – and become a homeowner. 

How much should you save for a house?

First, it’s important to determine how much house you can afford. How much you need to save for a house is going to vary depending on your finances, goals, and where you live. Before you start saving, it’s important to set a clear goal by considering these three major costs:

1. Down payment

The down payment is one of the biggest upfront costs when buying a home. While some loan programs allow down payments as low as 3%, saving more has long-term benefits.

• Lower monthly payments: The more you put down, the less you borrow, which reduces your monthly mortgage cost. Even increasing your down payment from 3% to 10% can lower your payment by a few hundred dollars per month.
• Avoid private mortgage insurance (PMI): If you put down 20% or more, you won’t have to pay PMI, which can add $100–$300 to your monthly mortgage.
• Better loan terms and interest rates: Lenders often offer better interest rates for buyers who make larger down payments, saving you thousands over the life of the loan.

If saving 20% isn’t realistic, putting down at least 5–10% can still provide meaningful long-term savings. The key is balancing buying sooner with a smaller down payment versus waiting to save more and reducing future costs.

2. Closing costs

Closing costs range anywhere from 2-5% of the home’s purchase price. These fees cover everything from the inspection and appraisal to insurance and lender fees. Some buyers can negotiate with sellers to cover part of these costs, but it’s best to plan ahead.

3. Moving and ongoing costs

Depending on how far you’re moving and how much you own, will determine how much it costs to move. Moving costs can range from $883 – $2,569, according to a 2025 study by Angi.com. Although long-distance moves can cost upwards of $10,000. You’ll also need savings for furniture, home maintenance, and an emergency fund to cover unexpected repairs.

9 strategies to save for a house

Saving for a house – or any large purchase – can be as simple as making small changes that pay off over time. Whether that’s updating your budget or changing your spending habits, there are plenty of strategies to help you save for a house.

1) Create a new budget

The first strategy to save for a house is to re-evaluate your budget and create a new one. Understanding what you’re spending money on each month can help you identify ways to cut back and how much you can realistically save. Here are some ways to start:

• Determine your take-home pay: Identify how much money you bring in each month, after taxes. This should include any income you and anyone else in your household contribute. Check this number against your credit card and bank statements to see what you’re spending each month.
• Set aside recurring payments: When you’re looking at credit card and bank statements, note any recurring payments you have. Include things like rent, car payments, internet bills, student loans, groceries, and other utilities. Now, look at how much you’re spending on non-essential items, like streaming services, restaurants, and additional purchases.
• See what expenses you cut out: After identifying your non-essential expenses, you can determine what to cut out – or cut back on. Maybe you have subscriptions to multiple streaming services and can cut down to just one. If you’re going out to eat multiple times a week, consider limiting it to once a week instead. Small changes like this can allow you to save more each month. 

2) Open up a dedicated savings account

A dedicated savings account for your home fund makes it easier to track progress and avoid dipping into it for everyday expenses. Instead of keeping your savings in a standard account, consider a high-yield savings account (HYSA), which offers significantly better interest rates—some as high as 4%+ APY. Over time, this can add up to hundreds or even thousands of extra dollars toward your home.

To make the most of your savings:

• Choose a fee-free HYSA at an online bank or credit union, as they often provide better interest rates than traditional banks.
• Set up automatic transfers from your paycheck so you’re saving consistently without thinking about it.
• Keep this account separate from your daily spending to prevent accidental withdrawals.

If your current bank charges maintenance fees or offers low interest rates, it may be time to switch. A well-managed savings account can help you reach your goal faster with little extra effort.

“Setting up automatic transfers into a dedicated savings account helps remove the temptation to spend what you intend to save.” says Gina Seibert, CFO of PSECU. “Understanding cash flow is just as important. Knowing what’s coming in, what’s going out, and what’s realistically left to save each month allows buyers to set goals they can stick to. A simple budget only works if it’s revisited and adjusted regularly.”

3) Keep your expenses low

Now that you’ve taken a look at your budget, determine how you can keep your expenses low. It doesn’t mean cutting out every non-essential expense, but more like curbing future expenses and determining what expenses you can live without. 

For example, if you’re considering buying or leasing a new car, think about how much those monthly payments will prevent you from saving. Can you continue to drive the car you have? Or can you buy a used car or take public transportation?

Small changes can also add up to large savings. Consider reducing your utility bills by setting your thermostat lower or higher, buying secondhand items rather than new ones, or meal-prepping versus going out to eat. 

4) Increase your income

Working more may seem daunting, and asking for a raise is a lofty goal—but remember, your big-picture plan is to save for a house. Having more income can make a major impact on your ability to save, compared with other smaller changes. Perhaps there are overtime opportunities at your current job. Ask for more hours or see if you can work shifts for co-workers.

If a raise or promotion is possible, advocate for yourself and take that next step. If you’re not sure how promotions work at your company, ask your manager, a coworker, or HR. Reach out to others in your field or potential mentors who can give you advice. If you succeed, celebrate (with a small reward) and then put as much of your new income as you can toward saving for a house.

5) Sell assets you don’t need or use

You may be thinking you don’t really own anything of particular value to sell. But if you have two vehicles, ask yourself whether you only drive one the majority of the time. Consider selling the other car and putting the money toward a home.

You can also look around for personal items you no longer use and sell them. Examples include forgotten hobbies like sports equipment or musical instruments, clothing, jewelry, or small appliances. If you haven’t used these items recently it’s likely that you won’t in the future. 

6) Avoid major expenses before buying

If you’re serious about saving, consider delaying large purchases until after you buy a home. Big financial commitments can drain your savings and impact your ability to qualify for a mortgage.

“One of the most common mistakes is taking on new debt while preparing to buy a home,” Gina says. “Even purchases that feel manageable, like financing furniture or opening a new credit card, can impact credit scores and debt-to-income ratios, which lenders closely evaluate.”

• Hold off on buying a new car—a car loan increases your debt-to-income ratio, which lenders consider when approving your mortgage. Even a lease adds to your monthly obligations.
• Reduce vacation costs—while travel is great, opting for budget-friendly trips or staycations can free up extra savings for your down payment.
• Avoid financing new furniture or electronics—it’s tempting to upgrade before moving, but waiting until after closing can keep your savings on track.

If a purchase isn’t essential, it’s best to wait. Every dollar saved now means more flexibility when it’s time to buy your home.

7) Schedule all of your bill payments

It’s possible to set up automatic payments for just about any of your expenses. Most banks will let you do this on their site or app for free. This can help you keep your bills paid on time and eliminate extra fees for interest or late payments.

Before you schedule a payment, though, make sure you understand your bill. Are there any unfamiliar charges on it? Are you paying only for what you need? For instance, cell phone companies are notorious for adding extra surcharges. They may waive the charge if you request it, but if not, the fees keep going up.

Make sure you also review your monthly credit card statements for any strange charges, even if you pay the bill automatically. And if you’re paying for cable or other services you don’t use, cancel them.

8) Reduce your debts 

It may seem counterintuitive to pay off some of your debts rather than saving it. However, lenders look at your debt-to-income ratio (DTI) as part of the mortgage approval process. DTI is the ratio of debts to you to income you make. If you have a high DTI it can impact your ability to qualify for certain mortgage loans and get favorable loan terms.

For example, you may need to pay a higher down payment or pay more interest over time. Therefore, spending time reducing your debts can help lower your DTI – and get you better loan terms. Some debts you may want to consider paying down include student loans, credit cards, and auto or personal loans.

9) Shop smart

Some ways to shop smarter include buying certain items only when they’re on sale, using coupons, or buying generic brands. It’s likely you’re paying more for brand names than a genetic or in-store brand. Making swaps to different brands can help you cut costs without changing too much of your day-to-day life.

Add up the potential savings from all of these strategies, and you may find more than you expected. With some conscious changes to your habits, it’s only a matter of time before you’ve saved enough money to buy your first home.

What are the benefits of saving for a house?

There are benefits of saving more for a down payment – even if it means waiting a bit longer to buy a home. Here are some of the advantages:

• Better loan terms: A larger down payment can signal to lenders that you’re a better candidate, so they may offer you better loan terms or a lower interest rate. 
• Lower monthly payments: The more you put down on a home, the less your monthly mortgage payments will be.
• No private mortgage insurance (PMI): If you have a 20% down payment, you won’t need to pay PMI. Anything less than 20% down means you’ll need to pay for PMI.
• More immediate home equity: The more you put toward your down payment, the more home equity you’ll have after closing.
• Have enough cash to close: You’ll have money available for closing costs, which are the fees and taxes you pay when the home becomes yours.
• Funds for emergencies: An emergency fund for home maintenance repairs or other surprise expenses looks good on your loan application and is always a smart move.

FAQs about saving for a house

How long does it take to save for a house?

Your timeline will vary depending on how much you need to save, your current savings, and whether you need to pay down your debt first. 

When should I start saving for a house?

If you need to pay down debts, consider starting there first. You can also start saving little bits before setting aside large savings.

What are down payment assistance programs?

Down payment assistance programs are loans and grants that help potential homebuyers reduce the cost of their down payment or closing costs. Programs are available at local, state, and national levels, so there are plenty of options you may qualify for. 

Where should I put my savings?

Any savings account will work, but some offer better interest rates than others. These are high-yield savings accounts and money market accounts. Certificates of deposit (CDs) lock your money away for a certain amount of time, so unless you’re planning to wait a year or more to buy a home, a CD isn’t the best option.

The process of buying a home is a marathon. From preapproval for a home mortgage and finding your dream home to negotiating an agreeable sale price and successfully maneuvering through the home inspection process, the steps can seem never-ending. But you’re almost home. 

One crucial step is the home appraisal, which you’ll need to determine the house’s value. Although appraisals can be time-consuming, they’re an important part of the homebuying process. If you’re a first-time homebuyer, you might not realize how long they take until you’re in the thick of it.

So whether you’re looking for a home in Houston or you’re in the process of buying a house in Boston, here’s a Redfin breakdown of everything you need to know about how long a home appraisal takes and why they’re so important.

In this article
What is an appraisal?
How long does a home appraisal take?
Who orders the appraisal?
What happens during an appraisal?
What can delay an appraisal?
Possible appraisal outcomes
Bottom line
FAQs

What is an appraisal, and why do I need one?

A home appraisal is an unbiased estimate of your home’s value performed by a licensed real estate appraiser. Here’s why you might need one:

• Your mortgage lender will likely need an appraisal. By providing an estimate of the fair market value of your home, an appraisal assures the lender they aren’t lending more money for a property than it’s worth.
• An appraisal also protects you by proving you aren’t paying more for the home than you should.

How long does a home appraisal take?

A typical home appraisal involves two parts: the on-site visit and the time it takes to complete the report.

• The visit itself usually takes roughly 30 minutes for a standard single-family home. If the property is large, unusual, or has unique features, it might take up to 1–2 hours. During this time, the appraiser walks through the home, takes measurements and photos, and notes its condition.

• The full appraisal process—from scheduling the appointment to receiving the final report—can take a few days to as long as three weeks. This depends on the appraiser’s schedule, the complexity of the report, and the time of year. During busy seasons, like spring and summer, longer wait times are common.
• FHA and VA loans can take an extra 1-2 weeks to account for finding a qualified appraiser, more detailed reports, and any required repairs.

To help the process go smoothly, make sure your home is clean and accessible, and any small repairs are taken care of before the visit.

Who orders the appraisal and when?

Your mortgage company or lender usually orders the appraisal once the home inspection is complete and repair negotiations have been finalized.

The buyer pays for the appraisal. The home appraisal cost averages $500, but can cost anywhere between $200 – $2,000 depending on the property’s size and complexity. It may be more expensive for larger or more intricate properties. The home inspection cost is separate from the appraisal.

Should you walk around with the appraiser?

The buyer usually isn’t there on the day of the appraisal. The seller can be present, but their real estate agent usually steps in for them. That way, the agent can answer any questions that come up while the appraiser is inspecting the property.

If you’re refinancing, the homeowner can typically be present during the appraisal visit.

Once the appraisal process is complete, you’ll be ready to move forward with a title company and close on your new home.

What happens during an appraisal?

During the home appraisal process, an appraiser visits the home and evaluates its condition. They’ll take time to examine the home exterior and lot, then come inside to look at the interior. Unlike a home inspector, the appraiser isn’t there to look for problems—they’re focused on assessing value based on the property’s condition, features, and how it compares to recently sold homes nearby.

They gather all the information they need to complete a Uniform Residential Appraisal Report (URAR) – a standardized form used in most home loan transactions. This includes photos, measurements, and notes on the home’s condition and features.

What can delay a home appraisal?

Waiting for your appraisal report can be nerve-wracking, especially when it takes longer than expected. This can happen for a couple of reasons:

• Large homes or rural properties can give appraisers more things to consider during their evaluation. In some cases, you may need to wait for an appraiser who’s qualified to assess that specific property.
• Sometimes an appraiser is busy finishing other projects, so it takes them longer to complete your appraisal. There can also be work shortages in certain areas due to high demand or a lack of qualified appraisers.
• After the appraisal visit, the appraiser might need more time to take into account additional features or upgrades, or the lender might request revisions before approving the final report.
• If the appraisal comes in low, satisfying the appraisal gap or challenging the valuation can take additional time that might push out the closing date.

Any of these scenarios can affect the final appraisal timeline.

3 possible outcomes of a home appraisal

When the appraisal comes back, the home’s value will be lower than, higher than, or equal to the agreed-upon purchase price. Each outcome affects the deal a little differently.

1. The appraisal comes in low
Say you agree to pay $450,000, but the appraisal values the home at $440,000. That $10,000 gap can cause financing issues since lenders won’t loan more than the home is worth. At that point, you have a few options:

• Request an appraisal review to check for errors (but reversals are rare).
• Pay the difference out of pocket to bridge the gap. Some closing costs may be tax-deductible.
• Ask the seller to lower the price to match the appraised value.
• Negotiate a compromise, such as splitting the difference.
• Walk away if you have an appraisal contingency and can’t reach an agreement.

2. The appraisal comes in high
This is the best-case scenario. If the home appraises at $460,000 on a $450,000 purchase price, you’re starting with $10,000 in equity before your first payment. The seller can’t raise the price based on the appraisal, so the deal moves forward as planned.

3. The appraisal matches the purchase price
This is the simplest outcome. The lender proceeds with the loan, no renegotiation is needed, and everyone stays on track for closing.

Bottom line

The appraisal visit itself usually isn’t what slows down the closing timeline. Scheduling, market demand, reporting, and lender review are what tend to take the most time. The best way to avoid appraisal delays is to order it as early as possible, keep the property accessible, and be ready to respond quickly if the lender requests documentation or repairs.

FAQs about appraisal timelines

How long does it take to get an appraisal scheduled?
You can usually get an appraisal scheduled within a day or two of it being ordered. Like other parts of the homebuying process, workforce shortages and the appraiser’s workload could affect availability.

How long do appraisals usually take to come back?
After the appraiser visits, the written report can be reasonably expected within 3–10 business days, depending on the appraiser’s workload and how easy it is to find comparable sales. In busier times, reports can take longer because appraisers have fuller schedules. Unique homes or rural properties can also slow things down, since they require more research and adjustments.

How long does it take to close after the appraisal is done?
A lot of buyers, especially those using conventional financing, can expect closing to take about 1–2 weeks after the appraisal is complete—assuming the home appraises at value and the lender doesn’t require repairs. After the appraisal, the loan still needs to clear underwriting, final income checks, and closing disclosures. If the appraisal comes in low or with conditions, closing can take longer.

Can an appraisal be rushed?
Some lenders offer a rush appraisal for an added fee, but it’s not a guarantee of it coming back before the closing date—it depends on whether an appraiser is available to prioritize the report. The best way to avoid delays is ordering early and making sure the home is easy to access, with upgrades and documentation ready. If delays happen, make sure to communicate with your lender.

Whether you’re downsizing, buying your first place, or looking for a budget-friendly option in a competitive market, a mobile or manufactured home can be a great fit. But because these homes are built and installed differently than traditional houses, a mobile home inspection is a crucial step in the buying process. 

Manufactured homes need to follow the federal Housing and Development (HUD) construction standards, like sitting on steel frames and using anchored or permanent foundation systems to stay level and secure.

A mobile home inspection is often required if you’re using FHA, VA, or USDA financing. Lenders might ask for both an inspection and a HUD-compliant permanent foundation certification before approving the loan, since the home’s safety and installation directly affect financing eligibility. 

For buyers, that makes understanding how the mobile home inspection process works a key component of the purchase—whether you’re buying a mobile home near Portland, OR or looking at manufactured houses in Nashville, TN.

Mobile home vs. manufactured home: What’s the difference?

• A mobile home is any factory-built home constructed before June 15, 1976, which is when HUD standards were introduced.
• A manufactured home is also a factory-built home, but constructed after June 15,1976, and meets federal HUD Code requirements for safety, installation, and construction quality.
• Many people use “mobile home” to describe both, but most of these houses on the market today are technically manufactured homes.

What does a mobile home inspection include?

A mobile home inspection often focuses on areas that differ from site-built construction. Inspectors will still look for safety concerns, signs of damage, and issues that could affect the home’s long-term stability or financing eligibility, but pay special attention to components that are specific to manufactured homes. 

Most mobile home inspections will look at:

Structural support and foundation

• Steel chassis and frame
• Piers, blocks, and footings
• Anchoring or tie-down system
• Condition of the vapor barrier and underbelly
• Whether the home appears to be installed on a permanent foundation*

*Permanent foundations must meet HUD guidelines, so inspectors note whether the installation looks compliant.

Roof and exterior

• Roof covering and sealants
• Siding, skirting, and under-home ventilation
• Gutters, flashing, and drainage
• Signs of moisture intrusion

Plumbing

• Pipe materials (PEX, CPVC, or older polybutylene)
• Water pressure and drainage
• Hot water heater condition
• Leaks under sinks, around fixtures, or beneath the home

Electrical

• Service panel condition
• Proper grounding
• GFCI protection
• Safe wiring materials

Heating and cooling

• Furnace operation and age
• Air conditioning function
• Ductwork and airflow

Interior systems

• Soft or uneven floors
• Window and door operation
• Ceiling stains, wall cracks, or signs of leaks

Basically, a mobile home inspection helps you, the buyer, understand the condition of the home and any repairs to plan for before or after closing.

How does a mobile home inspection differ from a regular home inspection?

Mobile homes are built under the federal HUD Code rather than local building codes, so inspectors will look at different components than they would in a site-built home. That’s why it’s important to get an experienced inspector that is qualified to inspect your type of home.

Manufactured homes also are built using different materials, supplies, and processes, and things can shift during transport, which affect what inspectors look for. The main differences between a mobile home inspection and a regular home inspection are:

HUD-code construction

Mobile homes use unique materials and construction methods, including:

• Steel chassis.
• Factory-built floor, wall, and roof systems.
• Different plumbing and electrical layouts.

Inspectors must understand these systems to identify potential issues.

Foundation and anchoring

Instead of a traditional concrete foundation, mobile homes might rely on:

• Pier-and-beam systems.
• Anchors and tie-downs.
• Permanent engineered foundations.

Inspectors check that the support system is level, properly spaced, and securely fastened, which is necessary for safety and loan qualification.

Ventilation and moisture control

Manufactured homes are more vulnerable to moisture, especially in the enclosed underbelly. Inspectors look closely at:

• Ventilation.
• Vapor barriers.
• Under-home insulation.
• Signs of mold or rot.

Transport-related issues

Because the home was delivered to the site, the inspector checks for:

• Frame stress.
• Settlement.
• Cracks in walls or ceilings.
• Improper installation.

How much does a mobile home inspection cost?

A mobile home inspection often costs less than a full inspection on a traditional single-family home, but pricing can depend on size, location, and any add-on services. Other times, inspectors might charge a flat fee for mobile homes. A mobile home inspection will take between 2-4 hours if no additional testing is needed.

Average mobile home inspection costs:

• Single-wide: $200-$400
• Double-wide: $250-$500
• Triple-wide: $300-$600

You may also need:

• HUD foundation certification: $300–$600
• Pest inspection: $50–$200
• Mold or air-quality testing: $300-$650

A HUD foundation certification is separate from the home inspection and usually required for government-backed loans to confirm the home sits on a safe and permanent foundation.

Is a mobile home inspection required?

A mobile home inspection isn’t technically required in most states, but many lenders and insurers do require certain inspections or certifications before approving financing for a manufactured home.

Loan requirements

Government-backed loans (FHA, VA, USDA) generally require:

• A full mobile home inspection.
• Verification that the home is safely installed.
• A HUD-compliant permanent foundation certification.
• Safe electrical, plumbing, and HVAC systems.

If the home is on temporary or non-engineered piers, it will likely need foundation upgrades before it can qualify.

Insurance requirements

Some insurers require:

• A roof inspection or certification.
• Updated electrical systems.
• Proof of anchoring.
• Adequate under-home ventilation.

Common problems found during mobile home inspections

Mobile homes can develop issues not typically found (or are more pronounced than) those in traditional homes. While not all issues are cause for concern, some can affect safety, financing, insurance, and overall repair costs. Common problems manufactured home inspectors might find include:

Moisture and water damage

• Roof leaks
• Soft or sagging floors
• Damp insulation
• Damaged or missing vapor barriers

Foundation or anchoring issues

• Settling or uneven support
• Cracked or missing piers
• Outdated or improperly installed tie-downs
• Issues affecting HUD-compliant permanent foundation standards

Electrical concerns

• Outdated panels
• Aluminum wiring in older homes
• Missing GFCI protection

Roof and exterior wear

• Rust on metal roofs
• Worn or damaged shingles
• Failed sealants

Plumbing issues

• Older polybutylene pipes
• Leaks beneath the home
• Improper drainage

Bottom line

As with any home purchase, a mobile home inspection acts as critical buyer protection. Not only  does it help you understand how well the home has been maintained, but the inspection results can allow you to plan for future maintenance, and verify that it meets HUD safety and installation standards—especially if you’re using FHA, VA, or USDA financing. 

>> Mobile Homes For Sale Near Me

• Earnest money is typically due 1–3 business days after offer acceptance.
• Deposit deadlines are binding under “time is of the essence” clauses.
• Funds should always be paid to a neutral third party (escrow, title, attorney).
• Missing the deadline can allow the seller to cancel the contract.

After your offer is accepted, your first real financial investment in the homebuying process is often the earnest money deposit. 

“Earnest money is a good faith deposit that you pay soon after a seller has accepted your offer on a home,” explains Courtney King, Senior Manager of designated brokers at Redfin. “It really demonstrates your intent to buy the home and shows the seller that you’re committed to the purchase. It can also act as a safeguard just in case you breach the contract; then the seller might have an opportunity to retain that earnest money.”

Earnest money differs from the down payment and other closing costs in that it’s paid earlier, usually due within 1-3 business days after the seller signs the purchase agreement. 

To really show sellers you’re serious, signing the contract with earnest money in hand is most efficient. But, as it goes with real estate transactions, there’s a bit more to the process.

In this article:
When do you pay earnest money?
How is earnest money paid and who gets it?
What happens if earnest money isn’t paid on time?
Tips for meeting your earnest money due date
FAQs

At what point do you pay earnest money?

Earnest money is due shortly after your offer is accepted, and the standard payment timeline is 1-3 business days. The exact deadline will be laid out in your contract, and it’s important to be clear on the terms—do days refer to business days or calendar days? Is there a cut-off time on the final day for the payment?

Usually, the timeline for paying earnest money is as follows:

1. Offer accepted (day 0): The contract clock starts.
2. Earnest money is due (1-3 business days): The buyer delivers the deposit, ideally to a neutral third party like an escrow agent. 
3. Escrow deposit confirmed (1-2 business days): The funds are verified, and the inspection and contingency period begins.

Contract wording is important: If the purchase agreement says “within three business days of acceptance,” weekends and holidays usually don’t count. But always double-check how your state or brokerage defines business days. Once the deposit is received and confirmed, your transaction officially moves forward into inspections, appraisal, and financing. 

In some areas, like North Carolina, South Carolina, or Texas, you will pay a nonrefundable due diligence fee or option fee instead of or in addition to the earnest money deposit; be sure to check with your agent to understand the regulations for your location.

How is earnest money paid and who gets it?

In addition to when the earnest money is due, your contract will also specify where to send your earnest money and how to pay it. In most cases, you’ll deliver the deposit to a neutral third party like a title company, escrow agent, or an attorney, which, says King, is the most effective way of protecting your earnest money as there’s no inherent conflict of interest.

How to pay earnest money

A wire transfer is the most common and secure method of depositing funds into an escrow account, where the money is safely held until closing. A cashier’s check or certified check might be accepted if it is delivered in person to the third party fund holder.

Never pay earnest money directly to the seller. This protects both parties from fraud, misdirected payments, and legal disputes if the money needs to be returned.

Always verify payment instructions directly with your agent or escrow officer before sending funds. Wire fraud targeting real estate transactions is a real risk, so double-check details by phone using a verified number or in person before transferring money.

Who gets the earnest money deposit?

The escrow holder (listed in your contract) is responsible for managing the earnest money deposit. They’ll confirm they received the funds, provide appropriate documentation, and hold the money until one of two things happens:

1. You close on the home: The earnest money deposit is applied toward your down payment or closing costs.
2. The contract is terminated: The money is released based on the terms of your purchase agreement—typically refunded to the buyer if you cancel under a contingency, or kept by the seller if you breach the contract terms.

What happens if earnest money isn’t paid on time?

Most real estate contracts include a “time is of the essence” clause, which means that deadlines are binding.

“Once you’ve signed, you have a duty to fulfill your obligations as a buyer,” King says. “Making sure you hit those deadlines is crucial.” And it should be clear what those deadlines are, because if you miss the earnest money payment window, a few things could happen.

• Most notably, the seller can cancel the contract: In most transactions, the agreement isn’t fully in effect until the earnest money is paid. If you miss the deadline, the seller can move on to the next buyer without penalty. 
• You could lose credibility as a buyer: Even if the seller doesn’t cancel the contract, missing the payment deadline could be seen as being unreliable as a buyer, putting unnecessary strain on the transaction and potentially affecting negotiations later.
• The home purchase might be delayed: Without the earnest money deposit, the escrow process can’t officially begin—which might stall inspections, appraisals, or other deadlines that are tied to that starting date.

Bottom line: Don’t miss your earnest money due date

Missing your earnest money due date, even by accident, can have serious consequences. To keep your homebuying journey on track, make sure you start strong by:

• Having funds ready early. Before you even make an offer, make sure your earnest money amount is accessible (not tied up in an investment account or slow-to-transfer savings).
• Confirming the exact due date before signing. Ask your agent to point out the deposit clause in your contract. It will clarify how many days you have and whether they are business days or calendar days.
• Planning around weekends and holidays. If your deadline lands on a Friday or before a holiday, start the transfer early so your escrow holder receives it in time.
• Knowing who to pay. The escrow or title company is the safest place to send funds. Never wire money until you’ve verified instructions directly with your agent or escrow officer.
• Getting written confirmation. Always request proof that your earnest money was received and deposited. It’ll protect you if questions come up later, and will also act as confirmation to continue the due diligence process.

Meet your deadlines, verify your details, and your earnest money will do exactly what it’s meant to: move you one step closer to owning your new home.

FAQs: When is earnest money due

Can I pay earnest money at the same time I submit my offer?
Usually, earnest money is paid after your offer is accepted. Never send funds until there’s a signed agreement and verified payment instructions from the escrow holder. In competitive markets, some buyers deposit the money immediately upon acceptance or show proof of funds upfront to strengthen their offer.

What happens if the earnest money deadline falls on a weekend or holiday?
Most contracts use business days, so weekends and holidays don’t count toward your deadline. For example, if your contract says “within three business days” and your offer is accepted on a Thursday, your earnest money would be due by Tuesday (assuming no holidays in between). Always check your agreement—it defines how “days” are counted in your transaction.

Is earnest money paid before or after the inspection?
Earnest money is typically paid before the inspection period begins. Once the deposit is received, your inspection and contingency timelines officially start. Earnest money deposits tend to “activate” the rest of the homebuying process—deposit first, then inspections, appraisal, and closing.