First Home - How To Buy My
Your lender will require an independent value check to ensure the house is worth what you’re paying. 7. Closing Day
A pro checks for mold, structural issues, and faulty wiring. how to buy my first home
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 Your lender will require an independent value check
A "pre-qualification" is a guess; a is a commitment. It shows sellers you are a serious, vetted buyer. Shop around with at least three lenders to compare interest rates and loan terms. 3. Find a "Buyer’s Agent" When you find "the one," your agent will
Once your offer is accepted, you enter escrow. Never skip these two steps:
A higher score gets you lower interest rates.
Paint colors, carpet, or landscaping (these are easy to change later). 5. Make an Offer and Negotiate
