First-Time Homebuyer Checklist (10 Min Video)

Buying your first home is exciting—but it can also feel like stepping into unfamiliar territory. From credit scores to closing day, there are a lot of moving parts. That’s why having a clear checklist makes the journey easier, smoother, and a whole lot less stressful.

Here’s a step-by-step guide to help you prepare, shop smart, and land the keys to your first home.

✅1. Get Your Finances in Order

• Check your credit score and report for accuracy.
• Save for a down payment (typically 3–5% for first-time buyers).
• Budget for closing costs (around 2–5% of the purchase price).
• Get pre-approved for a mortgage so you know your buying power.

✅ 2. Define Your Needs vs. Wants

• Must-haves: number of bedrooms, commute, school district.
• Nice-to-haves: upgraded kitchen, large yard, finished basement.
• Dealbreakers: location concerns, lack of parking, fixer-uppers if you’re not handy.

This step helps you stay focused—and avoid falling for a house that doesn’t actually fit your life.

✅ 3. Find the Right Real Estate Agent

Your agent is your partner in this process. Choose someone who:

• Knows the local market
• Communicates well
• Understands first-time buyers
• Represents your best interests from start to finish

(If you want an agent who also understands your cultural and community values, Find A Black Agent makes that easy.)

✅ 4. Start the Home Search

• Tour homes online and in person.
• Take notes and photos during showings.
• Compare each property to your checklist, not just your emotions.

✅ 5. Make an Offer & Negotiate

Once you’ve found the right home, your agent will help you:

• Submit a competitive offer
• Negotiate price, repairs, or seller concessions
• Handle the paperwork and timelines

✅ 6. Get an Inspection & Appraisal

• Inspection: ensures the home is safe and sound
• Appraisal: ensures the home is worth the purchase price

These steps protect your investment before you sign on the dotted line.

✅ 7. Close on Your Home

• Final walkthrough of the property
• Sign paperwork at closing
• Receive your keys—welcome home! 🎉

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