Buying your first home can be overwhelming. Feeling clueless? We are here to help! We have made a list of 10 Things to Do When Buying Your First House.

10 Things to Do When Buying Your First House

Benefits of working with a real estate agent are endless.

They understand the market, know the area, want the right house at the best price and handle negotiations; just to name a few. Find the right fit by interviewing a few to see who fits the bill.


You need to get pre-approved.

This step is crucial! Don’t waste your time viewing houses until you know what you can afford. Things you will need for pre-approval include proof of income, proof of assets, good credit, employment certification and documentation.


Do the research and make your decision!

Houses come in all shapes and sizes. Does a condo, town house or single family home suit you best? Also, consider other aspects such as school districts, location in relation to work and entertainment for the weekends.


Schedule showings.

Viewing houses with your agent and seeing what your options are can really help you know what you like and don’t like.


Make an offer.

Once you have found the one, make an offer, submit the earnest money, and negotiate. Earnest money is a way to show the seller you are committed and helps fund your down payment.


You need to schedule an inspection.

They usually cost about $300-$500 and cover structural components, exterior features, roofing, electrical, plumbing, heating, cooling, insulation, ventilation and interior features. Additional inspections can also be made, including termite and radon.


Don’t forget to transfer utilities and collect insurance estimates.

Most banks require insurance to be obtained before closing. Moving can be hectic – there’s a lot of moving parts. You don’t want to add to the stress of moving by having to pay a late fee because you forgot to shut off utilities at your past residence.


Close on the property and get the keys!

Sign all necessary documents to complete the process. This is usually done at a title company. Your agent will work from a closing disclosure. This lists the charges associated with the purchase of the home including a summary of the transaction and closing costs which are tax deductible.


Make the proper arrangements.

Get a big U-Haul, an extra espresso shot or two in your coffee and start the move!


Make it yours.

Meet your new neighbors and add some personal touches. Host a housewarming party for friends and family to show off your new place! Knock out some common home improvements such as new paint and light fixtures. Be sure to keep any receipts associated with upgrades or improvements. You can add repairs and upgrades to your purchase cost to minimize capital gains tax when you decide to sell.


The more you know, the less stressful it will be. Let us help you find the perfect house to make home!

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