A homebuyer is an individual or family looking to purchase a residential property, such as a house or condominium. Homebuyers often seek to find a place that meets their needs in terms of size, location, and budget. They may work with a real estate agent to navigate the buying process, which includes searching for properties, making offers, and securing financing. The process of buying a home typically involves obtaining a mortgage, which is a loan specifically for purchasing real estate. Homebuyers must also consider additional costs, such as property taxes, home insurance, and maintenance expenses, to ensure they can afford their new home long-term.