Step-by-Step Guide: How First-Time Buyers Can Conquer the Real Estate Market

It was 5 years ago that I began my journey to buy my first home and it was very overwhelming to say the least. Surprisingly, 35% of first-time home buyers feel overwhelmed by the process. Are you one of them? I have written out a checklist for you to make sure you can confidently start your home buying process.

Assess Your Finances

Did you know that nearly 50% of buyers face unexpected costs? Start by evaluating your savings, credit score, and financial commitments. I knew a few months ahead that I wanted to buy and made sure I paid down credit cards and got my credit score up prior to applying for my mortgage.

Obtain Mortgage Pre-Approval

Why is pre-approval crucial? It helps you understand your buying power and demonstrates your seriousness to sellers. In a competitive market, this can set you apart. In my experience I made the mistake in not getting a letter and it nearly cost me my house because it turns out I was NOT approved! I had to find a broker who truly knew how to present me to the lenders and without cutting corners like the first one to get me my mortgage approval. Save yourself the stress and get a letter.

Select a Knowledgeable Real Estate Agent

Finding the right agent is key. Would you trust someone without local market insights? An experienced agent can guide you through the complexities of buying a home.

House Hunting Tips

Here’s a bold claim: Your dream home exists, and you can find it with persistence. Use all available resources—online listings, open houses, and local insights. It may be the first place we look at and it may be the 50th… I’m with you every step of the way. Early morning or late evening showings, whatever it takes.

Making a Competitive Offer

Did you know 25% of first-time buyers overpay due to poor negotiation? Be prepared to negotiate all aspects of the offer. When I bought my home I was thankful we were able to negotiate a great price which helped me have more to put towards those closing costs.

Navigating the real estate market as a first-time buyer can be nerve-racking, but these steps will set you on the path to success. Ready to take the first step? Contact me today to start your home-buying journey.