A traditional home purchase is a common process of buying a property, where the buyer either secures financing through a conventional mortgage or pays the full amount in cash. In most cases, the buyer partners with a real estate agent to search for homes, submit offers, and negotiate the purchase terms with the seller. Once both parties agree on the terms, the buyer arranges for a mortgage using a mortgage advisor or loan officer, the home then undergoes home inspections, and appraisals, and ensures that the property’s title is clear of any issues via a title company. After these steps are completed, the transaction moves to closing, where ownership of the property is officially transferred to the buyer. Traditional home purchases typically require a down payment, often between 3% and 20%, and may include several contingencies, such as obtaining financing approval, satisfying inspection results, and finalizing contract terms. This method offers a structured, step-by-step approach to securing homeownership while ensuring all legal and financial aspects are properly addressed.