STEPS TO BUYING YOUR FIRST HOME. 

first time home buyers.

​​​​TO DO LIST FOR FIRST TIME HOME BUYERS:


1. SAVE. 

  • Down payment.
  • Closing Costs.
  • Escrow for Insurance and taxes.


2. IMPROVE CREDIT SCORE

  • Stay current on bills.
  • No major purchases.
  • Don't cancel any credit cards.
  • Higher credit score = lower interest rate.


3. CALCULATE WHAT YOU CAN AFFORD 


4. GET MORTGAGE PREAPPROVAL. 

  • Shop for the best deal.
  • Choose primary and backup lenders.
  • Ask for Mortgage Advice. See what types of loans you qualify for and what best suites you. 


5. DECIDE.  

  • Figure out what you want in a home (location, sqft, number of bedrooms and baths, etc.)
  • Be prepared to make sacrifices (it is very rare to get everything you want in your first home for example you may have to compromise on location for price.)
  • Have reasonable expectations (what you can afford will dictate the options of homes that are available. Don't be discouraged if you don't find something immediately.  


6. CHOOSE A REALTOR. 

  • Find a Realtor that works with First Time Home Buyers.
  • Interview the Realtor. See if you like him or her.
  • Look up the Realtor do some research. Maybe a friend or family member knows someone. 


7. VISIT HOMES 


8. NARROW CHOICES.  

  • Visit neighborhood during the day and at night to gauge traffic, noise, etc.
  • Test commute.
  • Consider resale value.


9. MAKE AN OFFER. Common contingency opt-outs:

  • If home appraises for less than the mortgage.
  • If inspection reveals flaws owners won't fix.
  • If you loose your job before the deal closes


10. SCHEDULE HOME INSPECTION.


11. MAKE FINAL WALK-THROUGH. 

  • Test light switches, sockets
  • Check that windows and doors work
  • Test faucets, drains, toilets


12. CLOSE AND MOVE IN!


Click Here To Download a PDF File of "To Do List For First Time Home Buyers"