Planning To Buy Your First Home Direct

Number of bedrooms, school district, proximity to work, or a fenced yard for the dog.

Your lender will hire an appraiser to ensure the house is actually worth what you’re paying. If the appraisal comes in low, you may have to cover the "gap" in cash. 7. Closing the Deal planning to buy your first home

A "pre-qualification" is a conversation; a "pre-approval" is a commitment. Lenders will verify your income, taxes, and debts to tell you exactly how much they will lend you. In a competitive market, you shouldn't even look at houses without a pre-approval letter in hand—sellers won't take your offer seriously without it. 3. Build Your "Must-Have" List Separate your from your Wants . Number of bedrooms, school district, proximity to work,

While 20% is the gold standard to avoid private mortgage insurance (PMI), many first-time buyer programs allow for as little as 3% or 3.5% down. In a competitive market, you shouldn't even look

As a buyer, a real estate agent is usually free for you (the seller pays their commission). A good agent acts as your scout, negotiator, and therapist. They know the neighborhood "red flags" and can help you craft an offer that stands out. 5. House Hunting and The Offer

Change the locks the very first day you move in. You never know who still has a spare key!

Granite countertops, hardwood floors, or a finished basement.Remember: You can change the carpet, but you can’t change the location. 4. Find a Great Agent