Offer Readiness Check — HomeReality Check

Do you have enough cash for down payment + closing costs? Critical

Have you been pre-approved for a mortgage (not just pre-qualified)? Critical

Will you have 3-6 months of emergency fund remaining after closing? Critical

Is your total housing cost < 30% of net income? High

Have you run a stress test with insurance spike, tax increase scenarios? High

Do you have a repair reserve fund (1-2% of home value/yr)? Medium

Are your other debts paid down to lower your DTI? Medium

Have you compared renting vs buying for your timeline? Low

Have you or an inspector done a walk-through? Critical

Are you planning to get a professional home inspection? Critical

Does the seller have a disclosure statement available? High

Have you checked for flood zone status, HOA docs, and HOA financials? High

Is the age of roof, HVAC, water heater, and appliances documented? Medium

Are there any major red flags (foundation, water damage, electrical)? Medium

Are you planning to stay at least 3-5 years? Critical

Have you researched sold comps in the past 90 days? High

Is your offer competitive for the market? High

Do you have a buyer's agent? Medium

Have you reviewed the listing history (price drops, days on market)? Medium

Is your job stable for the foreseeable future? Critical

Are you emotionally ready (not feeling pressured)? High

Have you talked to your partner/family about this commitment? Medium

Have you read the HOA rules (if applicable)? Low