Pre-qualification is a quick estimate of what you can borrow based on unverified info. Pre-approval is a formal commitment from a lender after reviewing your credit and financial documents, which makes your offers much stronger to sellers.

Focus on decluttering, deep cleaning, and boosting curb appeal. Small fixes like fresh neutral paint, updated lighting fixtures, and minor repairs offer the highest return on investment before staging.

Closing costs are the fees paid at the end of a real estate transaction for lender services, taxes, title insurance, and escrow. Buyers typically pay 2% to 5% of the loan amount, while sellers pay fees out of their home equity.

Earnest money is a good-faith deposit (usually 1% to 2% of the purchase price) showing the seller you are serious. It is held in escrow and applied to your down payment at closing, but can be refunded if the deal falls through due to a failed contingency (like an inspection or appraisal issue).