First-Time Buyer? Here’s Your Complete Home Buying Checklist

Buying your first home is an exciting yet overwhelming experience. Between securing financing, finding the right property, and signing stacks of paperwork, it’s easy to feel lost in the process.

With the right preparation and a clear roadmap, you can move from dreaming to moving in with confidence.

Here’s your complete home buying checklist to guide you every step of the way.

1. Check Your Financial Readiness

Before you start browsing listings, take a good look at your finances. Determine how much house you can realistically afford by reviewing your income, debts, and savings.

A good rule of thumb is to aim for a mortgage payment that’s no more than 28–30% of your monthly gross income.

Next, check your credit score. Higher scores often qualify you for better interest rates. If your score needs improvement, take time to pay down debts or correct any errors on your credit report.

2. Save for Upfront Costs

Besides the down payment, which can range from 3% to 20% of the home’s price, you’ll also need cash for closing costs (typically 2–5% of the loan amount), inspections, and moving expenses.

Start building a dedicated savings fund so you’re ready when the time comes.

3. Get Pre-Approved for a Mortgage

A mortgage pre-approval gives you a clear picture of what you can afford and shows sellers you’re a serious buyer.

Shop around with multiple lenders to compare rates and terms. A pre-approval letter can also give you an edge in competitive markets.

4. Find the Right Real Estate Agent

An experienced agent who knows your local market can save you time, money, and stress. They’ll help you find homes that fit your needs, negotiate on your behalf, and guide you through the paperwork. Don’t hesitate to interview a few agents before choosing one you trust.

5. Make a List of Must-Haves

Think carefully about what you really need in a home, and what you can compromise on. How many bedrooms and bathrooms? Do you want a yard? Is proximity to work or schools important? Having a clear list of priorities will keep you focused when touring homes.

6. Schedule Inspections and Appraisals

Once you’ve made an offer and it’s accepted, it’s time to get the property inspected and appraised. The inspection helps identify any issues, and the appraisal ensures the home’s value aligns with your loan amount. These steps protect you from overpaying or buying a home with hidden problems.

7. Close the Deal

At closing, you’ll review and sign a pile of documents, pay your closing costs, and get the keys to your new home. Take time to read everything and don’t hesitate to ask questions if anything is unclear.

Happy Hunting!

Buying your first home is a big milestone, and it can feel like a full-time job. But by following this checklist and staying organized, you can navigate the process with confidence and start building your future in a place you’re proud to call home.