The Process of Buying Your First Home
Get Your Finances in Order
Start saving for a down payment on your new home. Pay down your credit card debt below 30%.
Review Your Credit Report
Before applying for a loan you should pull your credit report and review it for inaccuracies.
Contact a Mortgage Broker
Get pre-approved for a home loan to determine what you can afford.
Select a Real Estate Agent
Look for an experienced agent in your area who specializes in helping first time buyers.
Shop for your new home
Your Real Estate Agent will show you homes that match your criteria and your price range.
Make an offer on a home
Once you find the perfect home, your Real Estate Agent will write up a contract to buy the home.
Home offer is accepted
The seller accepts your offer to buy their home
Apply for your home loan
Now that you have found your dream home go back to your mortgage broker and apply for your home loan.
Hire a licensed home inspector to inspect your home.
Respond to inspection findings
If there are items that you would like repaired, your real estate agent can.
Owner Agrees to the Requested Repairs
Owner agrees and performs the requested repairs according to your amended contract.
Meet with closing officer
Sign the contracts to legally buy your new home.