Track your progress through every step of the homebuying process. Stay organized and never miss important tasks with SRK CAPITAL's comprehensive checklist.
Track your homebuying journey
Tasks Completed
0
of 48 total
Current Phase
Initial Planning
Phase 1 of 7
Est. Time to Close
5-7
Months remaining
High Priority
19
Tasks pending
Research and goal setting
Determine your "why" for buying
Investment, lifestyle, family needs
Research target neighborhoods
Schools, commute, amenities, trends
Understand market conditions
Buyer's vs seller's market
Set realistic timeline
Account for loan processing time
○ 0/4 tasks - Ready to start
Budget, credit, and savings
Check credit score and report
Use annualcreditreport.com
Calculate your budget (28/36 rule)
Housing ≤28%, total debt ≤36%
Gather financial documents
Pay stubs, tax returns, bank statements
Start saving for down payment
Target 3-20% of home price
Build emergency fund
3-6 months of expenses
Improve credit if needed
Pay down debts, fix errors
Research closing costs
Typically 2-3% of purchase price
Understand PMI requirements
Required if down payment <20%
○ 0/8 tasks - Ready to start
Secure financing commitment
Research lenders and rates
Compare at least 3 different lenders
Submit loan applications
Do within 14-45 day window
Get pre-approval letter
Official commitment, not pre-qualification
Understand loan terms
Interest rate, fees, closing costs
Choose loan type
Conventional, FHA, VA, USDA
Lock interest rate (if timing is right)
Usually 30-60 day lock period
○ 0/6 tasks - Ready to start
Real estate agent & professionals
Interview real estate agents
Look for first-time buyer experience
Find a home inspector
Get recommendations, check credentials
Research real estate attorneys
Required in some states
Find insurance agent
Homeowner's insurance quotes
○ 0/4 tasks - Ready to start
Search and evaluate properties
Create must-have vs nice-to-have list
Prioritize features and amenities
Set up MLS alerts
Get notified of new listings immediately
Attend open houses and showings
Get familiar with the market
Research property values (comps)
Compare similar recent sales
Drive neighborhoods at different times
Check traffic, noise, activity levels
Check school districts and ratings
Even if no kids - affects resale value
Research future development plans
Check city planning for area changes
Take photos and notes for comparison
Create systematic evaluation process
○ 0/8 tasks - Ready to start
Negotiate and secure contract
Determine competitive offer price
Based on comps and market conditions
Include appropriate contingencies
Inspection, appraisal, financing
Submit offer with earnest money
Usually 1-3% of offer price
Negotiate terms if countered
Price, closing date, repairs, etc.
Review all contract terms carefully
Understand all obligations and deadlines
Plan for backup offers if needed
Have second choice ready in hot market
○ 0/6 tasks - Ready to start
Finalize purchase and move in
Schedule home inspection
Within inspection contingency period
Order appraisal through lender
Lender requirement for loan approval
Secure homeowner's insurance
Required before closing
Complete final loan processing
Submit any additional documents
Review closing disclosure (CD)
Compare to loan estimate, verify accuracy
Conduct final walk-through
Usually 24-48 hours before closing
Prepare closing day funds
Certified check or wire transfer
Attend closing meeting
Sign documents and receive keys
Set up utilities and services
Electric, gas, water, internet, cable
Update address with important parties
Bank, employer, IRS, credit cards, etc.
Plan moving logistics
Book movers, pack, change locks
Celebrate your new home!
You've completed the homebuying journey
○ 0/12 tasks - Ready to start
