Chapter Two · The Middle

Finding Your Home

This chapter follows the purchase itself: searching, reading listings, touring, making an offer, understanding the contract, negotiating, and protecting yourself with earnest money, option periods and inspections.

9 lessons · 31 minutes · Free

0%Begin chapter

1Starting Your Home SearchA focused search starts with clear priorities.3 min
Your search will surface listings. Next, learn how to read them.
2Understanding Property ListingsA listing tells you a lot, if you know where to look.3 min
When a listing looks promising, see it in person.
3Touring HomesTour with a checklist, not just your eyes.4 min
When you find the right home, your agent helps you make an offer.
4Making an OfferAn offer is more than a price.4 min
Once both sides sign, your offer becomes a purchase contract.
5Understanding Purchase ContractsA purchase contract is the binding agreement that sets the terms and deadlines of your purchase.4 min
Before a contract is final, terms often go back and forth.
6NegotiationsNegotiation is normal. Both sides adjust terms until they agree.3 min
When you agree on terms, you'll show your commitment with earnest money.
7Earnest MoneyEarnest money is a good-faith deposit that shows the seller you're committed.3 min
In some states, earnest money comes with an option period.
8Option Periods Where ApplicableIn some states, an option period lets you end the contract for any reason by paying a fee.3 min
Use that window, or your inspection contingency, for a home inspection.
9Home InspectionsAn inspection finds problems before they become yours.4 min

Next · Chapter Three · The EndBecoming a Homeowner