First-time homebuyers?

1. Establish a budget: Determine how much you can afford by analyzing your financial situation, factoring in your income, expenses, and savings for a down payment.

2. Check your credit score: A good credit score is crucial for securing a mortgage with favorable terms. Review your credit report, correct any errors, and work on improving your score if needed.

3. Save for a down payment: Aim to save at least 20% of the home’s purchase price for a down payment to avoid private mortgage insurance (PMI). However, there are programs that allow for lower down payments.

4. Get pre-approved for a mortgage: This will give you a clear idea of how much you can borrow and help you narrow down your home search.

5. Find a real estate agent: An experienced agent can guide you through the homebuying process, help you find suitable properties, and negotiate on your behalf.

6. Start your home search: Define your must-haves and preferences in a home, such as location, size, and features, and begin looking at properties within your budget.

7. Attend open houses: Visit homes to get a feel for what’s available in your desired area and price range.

8. Make an offer: Once you find a home you like, work with your agent to make a competitive offer based on market conditions and comparable sales.

9. Inspect the property: Hire a qualified home inspector to assess the condition of the home and identify any potential issues.

10. Secure financing: Finalize your mortgage application and work closely with your lender to meet all requirements.

11. Close the deal: Sign the necessary paperwork, pay closing costs, and take possession of your new home.

12. Plan for ongoing expenses: Remember to budget for property taxes, homeowner’s insurance, maintenance, and other homeownership costs.

13. Move in and enjoy your new home!

It’s important to do thorough research and seek advice from professionals throughout the process to make informed decisions.