5 Essential Steps to Take Before Buying a Home in Richmond, VA 🏡
Buying a home is one of the most exciting milestones in life, but it can also feel overwhelming if you’re not prepared. While it’s tempting to start scrolling listings or booking showings right away, skipping a few key steps can cost you time, money, and peace of mind.
To help you start strong, here are five essential steps every Richmond homebuyer should take before diving into the market.
1️⃣ Get Pre-Approved First
Pre-approval should always be step one.
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It gives you a clear picture of what you can comfortably afford.
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It strengthens your offer in a competitive market.
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It shows sellers you’re serious about buying.
Without it, you risk falling in love with a home outside your budget, or losing out to buyers who already have financing lined up.
2️⃣ Avoid Common Mistakes After Pre-Approval
Once you’re pre-approved, your financial picture needs to stay stable until closing. That means avoiding:
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Major purchases like cars or furniture.
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Opening new lines of credit.
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Sudden job changes.
Even small shifts in your finances can impact your loan approval. Steady is best until the keys are officially yours.
3️⃣ Craft a Strong Offer (It’s Not Always About Price)
In Richmond’s competitive housing market, the highest dollar amount isn’t always the winning factor. Sellers also pay close attention to:
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Clean contract terms.
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Strong earnest money deposits.
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Flexible (or strategic) timing.
A well-rounded offer can make all the difference, and this is where a knowledgeable buyer’s agent becomes invaluable.
4️⃣ Budget for Closing Costs
Many buyers focus on the down payment alone, but closing costs typically run 2–5% of the purchase price. These cover things like lender fees, title services, and taxes.
Preparing for these expenses early ensures there are no last-minute surprises at the closing table.
5️⃣ Partner With a Buyer’s Agent | Even If You Found the Home Online
Browsing online is a great place to start, but finding the home is only the first step. A buyer’s agent guides you through:
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Negotiations.
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Inspections and appraisals.
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Protecting your best interests from contract to close.
Even if you spot the property yourself, having an experienced agent in your corner ensures you avoid costly mistakes and feel confident in your decision.
The Bottom Line
The home-buying process doesn’t have to be stressful. With the right preparation and the right partner, you can move forward confidently and avoid unnecessary headaches.
