Look at the financing, not just the price.

Take time with the details. This guide gives you a starting point for the questions to ask and the decisions to review.

Cash.

Without a lender there may be fewer financing steps and no lender appraisal. Proof of funds still needs review. Contract terms and inspections remain important.

Conventional financing.

This is generally not government-backed. The lender’s appraisal addresses value; condition issues can still arise through appraisal requirements, inspections and negotiation.

FHA financing.

FHA-insured financing includes property-condition standards as well as a value appraisal. A lender may require certain repairs before closing. Eligibility and current requirements need lender confirmation.

VA financing.

For eligible borrowers, VA-backed loans may offer a no-down-payment option. Appraisal and property requirements still apply. A lender confirms eligibility, costs and any inspection requirements.

Check safety and condition early.

Loose handrails, exposed wiring, roof leaks, unsafe heating, peeling paint on older homes and plumbing problems may need attention. Utilities should generally remain available for appraisal checks; confirm arrangements with the relevant professionals.

Give every offer a fair look.

FHA and VA offers can be strong offers. Compare the full terms without assuming that one loan label tells the whole story. Repairs, credits and any limits must be negotiated under the actual contract; no outcome is assured.

Confirm the current rules.

Loan guidelines change. The buyer’s lender confirms requirements for that loan. This overview is not lending advice or an eligibility determination.

Let’s talk about your next step.

General educational information, not legal, tax or lending advice. Your contract and circumstances determine the requirements. For legal or tax questions, speak with a qualified professional; your lender and title company can explain their parts of the process.