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What Steps Should You Take When Buying Your First Home?
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May 28, 2025
Buying your first home can feel overwhelming, but you're not alone. In this episode of Real Estate Crunch, Anita breaks down the entire process—from saving for a down payment to finally getting the keys. We’ll answer common questions and share practical tips that make this big decision feel more manageable. Listen now, and click here (https://real-estate-crunch.com/how-do-i-buy-a-first-home-a-step-by-step-guide-for-first-time-buyers/) to read more about How Do I Buy a First Home? A Step-by-Step Guide for First-Time Buyers. #RealEstateCrunch #FirstTimeHomeBuyer #HomeBuyingTips #BuyAHomeGuide #RealEstateAdvice #HomeOwnership #DownPaymentHelp #StepByStepHomeBuying Support the show (https://www.buzzsprout.com/2029617/support)
View Video Transcript
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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 first-time
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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 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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