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What Should You Know Before Buying Your First Home?
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May 28, 2025
Buying your first home can feel overwhelming—but it doesn’t have to be. In this video, we’ll walk you through the key steps from saving for your down payment to the final closing. If you’ve been asking, “How do I buy my first home?”—we’ve got simple, clear answers. Learn more with our full blog guide here: 👉 https://real-estate-crunch.com/how-do-i-buy-a-first-home-a-step-by-step-guide-for-first-time-buyers/ #RealEstateCrunch #FirstTimeHomeBuyer #BuyAHome #HomeBuyingTips #RealEstateAdvice #PropertyTips #MortgageHelp #HouseHunting
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[Music]
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hi this is anita from real estate crunch
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today we're going to talk about what do
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you need to do if you're going to buy
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your first home what are some things
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that you can do to start and begin to
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prepare for this the first thing you
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need to do is check out your credit
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score this is very important that you
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need to check out what is your credit
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score usually should have a credit score
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620 or higher for your overall credit
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score so first thing you do is check out
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your credit score if your credit score
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for some reason is low make sure you
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work on it and get yourself a higher
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credit score you can get your free score
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we have a blog we've written on this and
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we have a link there of where you can
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get a free credit score next you need to
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figure out your budget you need to
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figure out how much can you afford and
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we on our blog real estatecrunch.com we
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have a small calculator that you can use
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where you can basically put in and um
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you know what your income is what your
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expenses are how much your debt is and
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it will just give you a rough estimate
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of how much you can what are some
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payments that you can actually be able
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to afford because that is actually what
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is important for you to know exactly
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what you can afford the next step you
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can do is get preapproved for a mortgage
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you know if you know that it's something
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that you want to do that you want to buy
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a home then take the steps to get
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preapproved for a mortgage if you can't
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get preapproved for one find out what
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you need to do explore firsttime
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homeowner you know buyer programs what
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do you can you do as a firsttime
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homeowner start saving for your down
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payment and your closing costs this is
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important because you're going to have
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to put down some down payment and
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closing costs so start saving for that
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now then start looking around start
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asking people find a real estate agent
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someone that you feel that you can trust
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someone that you feel will be able to
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help you even if you're not quite ready
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now you can start talking to them a bit
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now um you know you can start doing some
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market research and other things to find
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out exactly where you want to live
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where's the area you want to live you
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can start doing all that now and
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checking that out start house hunting
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you start looking around you know even
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if you just get on websites and look at
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some of the websites and see you know
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what is going for what price and what
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area or you start driving around areas
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and start you know doing some of your
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own
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research and and especially once you're
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preapproved and you have an agent then
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you can start looking you know make a
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list of you know musthaves you know
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versus nice to have you know what is
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something that you really must have and
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what is something that would be nice to
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have you know tour homes in person
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online don't rush you want to get it
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right i think here's one of the big ones
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don't
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rush i personally myself would never buy
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a home unless i had walked through it
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and seen it
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personally having dealt a lot with real
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estate sometimes space can seem very
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different in person than it can online
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so if you really when you're buying a
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property i would really make sure that
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you walk through it you have a feel for
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it because you'll just feel and see
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things differently in person than you
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ever would online you know make an offer
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if you feel like this is something that
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you want to buy then make an offer but
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after you made the offer make sure you
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get a home inspection that is if your
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offer has been accepted get a home
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inspection pay for that home inspection
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make sure that you know exactly what
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you're getting
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you know then you can finalize your
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mortgage at that point and before you
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actually sign off do your last final
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walk through to make sure that
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everything's been done that you might
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have agreed upon or that you don't
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suddenly see something that wasn't there
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before and then close on your new home
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so if you'd like to be able to know more
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about this and also we have 15
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frequently asked questions about buying
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your first home that questions that you
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know can help you be able to answer help
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you navigate what can be a very you know
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complex and many times an overwhelming
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process when you're looking to do this
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then you you can check out our questions
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one of the things that i highly
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recommend for everybody is it goes back
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to take your time when you're looking a
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lot of mistakes that the first time
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people make is they see one home or two
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homes and this is it this is what i want
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you know this is just my dream home and
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they don't look anywhere else i would
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you know say from the very beginning
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before you start the process say we are
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going to tour 20 homes or whatever and
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you know make sure that you do that even
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if the first home or the second home you
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think might be the one you want go
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through and look at the others because
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you don't really know what you're going
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to see you know throughout them if it's
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not 20 maybe it's 10 maybe whatever you
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comfortable with but make sure that
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you've seen enough so that you can
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really make the right decision for you
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because a home is a long-term investment
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if you make the wrong decision you can
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be stuck with something which can be a
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problem for you and can cost you a lot
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of money over the long term this is
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anita from real estate crunch thank you
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so much for listening we will put a a
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link to our our blog how do i uh buy a
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first home a step-by-step guide for the
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firsttime buyers in our description
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below in case you'd like to be able to
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read and be able to understand more
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thank you so much for being part of our
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community if you're not yet part of our
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community press that subscribe button
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and subscribe and join with us as we
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work together learn together and as we
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discover together all things to do with
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real estate thank you so much
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