Your Guide to Buying Your First Home

Buying your first home is an exciting milestone, but it can also feel overwhelming. With so many steps, paperwork, and financial considerations, where do you even begin? At Move Forward Real Estate, we believe that homeownership should be an achievable and rewarding experience. That’s why we’ve put together this guide to help you navigate the process with confidence.

Step 1: Assess Your Financial Readiness

Before you start browsing listings, it’s important to evaluate your finances. Here’s what you should do:

• Check Your Credit Score – A higher score can help you secure better mortgage rates.
• Save for a Down Payment – Most loans require at least 3-5%, but a higher down payment can reduce your monthly payments.
• Estimate Closing Costs – Expect to pay 2-5% of the home’s purchase price in closing costs.
• Determine Your Budget – Use a mortgage calculator to see how much home you can afford based on your income and expenses.

Step 2: Get Pre-Approved for a Mortgage

A mortgage pre-approval shows sellers that you’re a serious buyer and helps you understand what loan options are available. To get pre-approved, you’ll need:

• Proof of income (pay stubs, tax returns)
• Credit history and score
• Employment verification
• Bank statements

Step 3: Find a Real Estate Agent You Trust

A knowledgeable real estate agent can make all the difference. At Move Forward Real Estate, our experienced agents will guide you through the market, negotiate the best deals, and handle the paperwork—making your journey to homeownership as smooth as possible.

Step 4: Start House Hunting

Now comes the fun part—looking for your dream home! When touring homes, consider:

• Location and commute times
• Neighborhood amenities
• School districts (if applicable)
• Home size, layout, and condition

Step 5: Make an Offer and Negotiate

Once you’ve found the right home, your agent will help you craft a competitive offer. The seller may accept, reject, or counter your offer, so be prepared to negotiate terms, including price, contingencies, and closing dates.

Step 6: Get a Home Inspection and Appraisal

A home inspection ensures there are no hidden issues, while an appraisal confirms the home’s market value. If major problems arise, you may be able to negotiate repairs or price adjustments.

Step 7: Close on Your New Home!

At closing, you’ll sign the final paperwork, pay any remaining costs, and receive the keys to your new home. Congratulations—you’re officially a homeowner! 

Let’s Move Forward Together

Buying your first home doesn’t have to be stressful. At Move Forward Real Estate, we’re here to guide you every step of the way. If you’re ready to start your journey, contact us today to schedule a consultation!