How To Buy My First Home -

A higher score gets you lower interest rates.

In most cases, the seller pays the commission, so professional representation is usually free for you. A good agent will find listings, schedule viewings, and—most importantly—handle the intense negotiations. 4. Know Your "Must-Haves" vs. "Nice-to-Haves"

Expect to pay 2% to 5% of the home’s purchase price in taxes, lender fees, and inspections. 2. Get Pre-Approved how to buy my first home

Avoid making any large purchases (like a new car or furniture on credit) between your pre-approval and closing day, as this can disqualify your loan at the last minute!

When you find "the one," your agent will help you determine a fair price based on "comps" (what similar homes nearby sold for). Don't be afraid to ask for a "seller concession" to help cover your closing costs if the house needs minor repairs. 6. The "Due Diligence" Phase A higher score gets you lower interest rates

While 20% is the gold standard to avoid private mortgage insurance (PMI), many first-time programs allow as little as 3% or 3.5% down.

You’ll sign a mountain of paperwork, pay your remaining down payment and closing costs, and finally receive the keys. Make an Offer and Negotiate

Paint colors, carpet, or landscaping (these are easy to change later). 5. Make an Offer and Negotiate