If you’re planning to become a homeowner in the near future, you may be a little nervous about what is actually involved in making the biggest purchase of your life. While buying a house isn’t as easy as picking up something at the mall, it’s not rocket science. Here is an overview of the steps involved in buying a home.

Step #1: Finding out how much you can afford – This means going to the bank or meeting with a broker to get a pre-approved mortgage. This figure will represent the absolute maximum you can spend on a home.

Step #2: Choosing a realtor – This is one of your most important decisions, so choose wisely. You might ask for recommendations from friends and family or just attend a few open houses to meet realtors in your area.

Step #3: Narrowing down what you want in a home – Knowing what you want can make buying a house a lot less stressful. Make a wish list of features, and then give this to your realtor for future reference.

Step #4: Shopping around – The next step is to look at homes that are currently on the market. This will help you settle on the features that are most important to you and find out what’s available in your price range.

Step #5: Making an offer – Once you’ve found the home, it’s time to make an offer. Many people choose to offer less than the listing price of the home, especially if it’s been on the market for a while. Your realtor will be able to advise you on your best course of action.

Step #6: 30, 60, or more days of paperwork – If your offer is accepted, the next month (or couple of months) will be spent preparing for the closing. There are lawyers to hire, conditions to meet, financing to obtain, and a lot of little things you may not have considered. A good realtor will make the process go more smoothly.

Step #7: Closing – Finally, you’ll sign the mortgage documentation to make the home officially yours before you move in and put out the welcome mat.

Need help understanding the home buying process? Follow this step-by-step house buying checklist to avoid costly mistakes when buying a house. And learn how to find a realtor who will help you find your dream home!