The Ultimate First-Time Homebuyer Checklist

by Brenda Bianchi

🏡 The Ultimate First-Time Homebuyer Checklist

Buying your first home is one of the most exciting — and overwhelming — milestones in life. From saving for a down payment to signing the final papers, the process can feel like a maze. That’s why we’ve created this step-by-step checklist to guide you through each phase of your first home purchase with confidence.


✅ Step 1: Check Your Finances

Before you begin house hunting, take a look at your financial picture.

  • Check your credit score – Aim for 620+ for conventional loans, though FHA options allow lower.

  • Reduce debt – Lower your debt-to-income ratio to improve mortgage eligibility.

  • Save for a down payment – Ideally 3–20% of the home’s price, depending on the loan type.

  • Budget for closing costs – Expect 2–5% of the home’s price.

  • Plan for moving expenses and immediate home improvements.


✅ Step 2: Get Pre-Approved for a Mortgage

This step helps determine how much home you can afford and shows sellers you’re serious.

  • Choose a reputable lender.

  • Compare interest rates and terms.

  • Submit income, employment, and credit documentation.

  • Receive a pre-approval letter to strengthen your offer.


✅ Step 3: Define Your Needs vs. Wants

Knowing what you must have vs. what would be nice to have can prevent decision fatigue.

Needs:

  • Number of bedrooms/bathrooms

  • School district

  • Commute distance

Wants:

  • Pool or large yard

  • Open floor plan

  • Updated kitchen


✅ Step 4: Hire a Real Estate Agent

Working with a local expert gives you an edge in a competitive market.

  • Choose someone experienced in your desired area.

  • Ask about their negotiation skills, availability, and buyer representation.

  • A great agent will guide you through every step of the process.


✅ Step 5: Start House Hunting

With your wishlist and budget in hand, start viewing homes!

  • Use online listings, but tour homes in person when possible.

  • Keep track of what you liked and didn’t.

  • Don’t rush — the right home is worth the wait.


✅ Step 6: Make an Offer

Once you find the right property, it’s time to act!

  • Your agent will help you craft a competitive offer.

  • Be prepared for negotiation and possible counteroffers.

  • Offers may include contingencies (like inspection or financing).


✅ Step 7: Schedule a Home Inspection

Never skip this step—it could save you thousands down the road.

  • Hire a certified inspector.

  • Review the report carefully.

  • Negotiate repairs or credits if major issues are found.


✅ Step 8: Secure Financing

Finalize your loan based on the property and terms.

  • Lock in your interest rate.

  • Submit any additional lender requirements.

  • Stay in close communication with your mortgage provider.


✅ Step 9: Final Walkthrough & Closing

You’re almost a homeowner!

  • Do a final walkthrough to ensure the home is in expected condition.

  • Review your closing disclosure (which outlines final costs).

  • Sign all documents at closing and get your keys! 🎉


🎉 Congratulations — You’re a Homeowner!

The journey to your first home is filled with decisions, learning moments, and excitement. With this checklist in hand and the right team by your side, you can approach the process with clarity and confidence.


Want personalized help finding your first home?

📞 Call us at 727-595-SOLD (7653) or visit www.BrendaBianchi.com to schedule a free buyer consultation with Your Home Sold Guaranteed Realty - Brenda Bianchi & Team.

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Brenda Bianchi

Broker | License ID: BK3532042

+1(727) 595-7653 | bb@brendabianchi.com

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