🏡 Your First Home: A Step-by-Step Checklist for First-Time Buyers

🏡 Your First Home: A Step-by-Step Checklist for First-Time Buyers

Buying your first home is one of life’s biggest milestones—and while it’s incredibly exciting, it can also feel overwhelming. From finances to showings to closing paperwork, there’s a lot to juggle. That’s why having a clear roadmap makes the process easier and less stressful.

Whether you're searching for a cozy condo, a starter single-family home, or something in between, this guide will walk you through each step with confidence.

✅ Step 1: Get Your Finances in Order

Before falling in love with listings, make sure you’re financially ready:

• Check your credit score — Aim for 620+ (740+ unlocks better loan options).

• Understand your debt-to-income ratio (DTI) — Ideally under 43%.

• Budget beyond the mortgage — Include taxes, insurance, utilities, and moving costs.

• Save for upfront costs — Down payments typically range from 3%–20%, plus closing costs (2%–5% of the purchase price).

🏦 Step 2: Get Pre-Approved for a Mortgage

Pre-approval shows sellers you’re a serious buyer and sets a clear budget:

• Gather income documents, tax returns, and bank statements.

• Compare lenders to secure the best rates.

• Understand different loan types — FHA, VA, USDA, and conventional each offer unique benefits.

🗺 Step 3: Define Your Priorities

Narrow your search by deciding what matters most:

• Location — Schools, commute, amenities, and neighborhood vibe.

• Home style — Single-family, townhouse, or condo.

• Must-haves vs. nice-to-haves — Create two lists to avoid distractions.

• Long-term plans — Think about resale potential and future needs.

🤝 Step 4: Choose the Right Real Estate Agent

Partnering with a trusted REALTOR®—like me—can save you time, money, and stress:

• A buyer’s agent works exclusively for you, not the seller.

• I’ll guide you through negotiations, inspections, and contracts.

• With deep local knowledge, I help you spot red flags and find hidden gems.

🏡 Step 5: Start House Hunting

The fun begins!

• Use MLS-powered search tools for accurate, up-to-date listings.

• Take notes and photos during showings—details blur quickly.

• Focus on homes that meet your must-haves rather than chasing perfection.

💼 Step 6: Make a Strong Offer

When you find “the one,” I’ll help you craft a competitive offer:

• Use recent market data to decide on the right price.

• Include smart contingencies for inspections and financing.

• Be prepared for negotiations—sellers often counter.

🔍 Step 7: Schedule a Home Inspection

Even new homes can have hidden issues.

• Hire a certified inspector.

• Attend the inspection to see any concerns firsthand.

• Use the report to negotiate repairs or credits when needed.

💳 Step 8: Finalize Your Financing

Once under contract, it’s time to lock in your mortgage:

• Send all required documents promptly to avoid delays.

• Lock your interest rate before it changes.

• Review your loan terms and monthly payment carefully.

✍️ Step 9: Get Ready for Closing Day

The home stretch before you get your keys:

• Review your closing disclosure for final costs.

• Do a final walkthrough to ensure everything’s in order.

• Bring your ID, certified funds, and required paperwork to closing.

🛠 Step 10: Settle In & Make It Yours

Welcome home! 🎉

• Change the locks for security.

• Transfer utilities before move-in day.

• Update your address with banks, subscriptions, and employers.

• Start a small emergency fund for unexpected repairs.

Ready to Buy Your First Home?

Buying your first home doesn’t have to be stressful when you have a guide by your side. Whether you’re just starting your search or ready to make an offer, I’ll help you navigate every step of the process.

📲 Call/Text: 302.983.4640
📧 Email: Jim@NextMoveDelVal.com
🌐 Learn More: www.NextMoveDelVal.com