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The absolute first step for your client is to get approved for a mortgage. Without being approved for a mortgage it will be quite difficult, if not impossible, to purchase a new home. If a potential client reaches out to you, have them go through the tenant screening process and then guide them to a reputable mortgage corporation and advisor that you trust.

A home sale contingency in your offer may spook the seller or delay the closing so that's not an option. It's also important to note that waiting to sell your old home until after you've purchased your new home is less risky in a seller's market.

Home inspections can uncover potentially life-threatening problems like mold or faulty wiring that could cause a significant fire. Most potential buyers have a seven-day window after a home inspection to walk away from the purchase. A thorough inspection is a critical step in purchasing a home.

It is important to do a final walk through to make sure that everything in the property is exactly the way you saw it from the very beginning when you did your initial appointment or home inspection.