: Budgeting and deciding if ownership is right for you. Financing (3 months out) : Getting mortgage pre-approval.
While there isn't one definitive "paper" with that exact title, several academic and professional publications explore the home-buying journey through different lenses, from decision-making frameworks to psychological behavior. 1.
: Finding a home and making an offer.
A 2021 article in the International Journal of Academic Research in Business and Social Sciences attempts to build a framework for why these decisions are often seen as "accidental" or "extremely complicated". It reviews existing literature on how personal needs and wishes eventually align with a final purchase decision.
A paper from the Harvard Joint Center for Housing Studies examines the decision-making process behind buying a house. It highlights: : What pushes people from renting to owning. what is the process to buy a house
How to buy a house: The ultimate guide for first-time homebuyers
This research paper, hosted on SciSpace , compares buying a house to other major durable goods like cars. It notes that because trial-and-error isn't an option for such expensive, complex products, the process requires high consumer involvement and intensive comparison before a final selection is made. : Budgeting and deciding if ownership is right for you
: Handling legal work (conveyancing), inspections, and finalized loan approval.