I have found a new home to buy; what is the first thing I need to do?

I have found a new home to buy; what is the first thing I need to do?

John Caliendo (Realtor) gives expert video advice on: What is the difference between a "real estate agent" and a "real estate broker"?; Do I need a realtor in order to buy a house?; How does a realtor get paid? and more...

When finding a new home to buy, the first thing to do upon identifying the property that has really piqued your interest is a matter of talking to your realtor and saying “OK, I feel this might be the one. Let's dig in.” At that time, you want to check to see if there are any offers on the property and what their motivation is. You want to start determining what you think the value of the property is. Then you start putting all these things together in a synergistic manner. If, after all this gathering of information you still feel that it's time to move ahead, then you're on to making that offer for that house.