First-Time Home Buyer Guide

Start Saving a Down Payment:
- Before diving into the real estate market, assess your finances. A mortgage is essential for buying a new home, and lenders typically require a down payment. Ideally, aim for 20% of the home’s price to avoid additional fees.
Get Your Finances in Order:
- Check your credit score and address any issues. A good credit score will help you secure a favorable mortgage rate.
Explore Mortgage Options:
- Research different types of mortgages (fixed-rate, adjustable-rate, etc.). Consult with lenders to understand your options and get pre-approved.
Determine Your Budget:
- Calculate how much you can afford. Consider not only the mortgage but also property taxes, insurance, and other costs.
Find a Real Estate Agent:
- A knowledgeable agent can guide you through the process. They’ll help you find suitable properties and negotiate on your behalf.
House Hunting:
- Start looking at homes within your budget. Attend open houses, schedule private showings, and explore neighborhoods.
Make an Offer:
- When you find the right home, work with your agent to make an offer. They’ll help you negotiate terms with the seller.
Home Inspection and Appraisal:
- Once your offer is accepted, arrange for a home inspection. An appraisal ensures the home’s value aligns with the purchase price.