Buying your first home is an exciting milestone—but it can also feel overwhelming. From navigating mortgage pre-approval to finding the right neighborhood and signing on the dotted line, there’s a lot to keep track of. That’s why we’ve created this comprehensive first-time homebuyer checklist to help you move confidently through the process.
- Check Your Financial Health
Before you start browsing listings, take a close look at your finances.- Review your credit score and correct any errors.
- Calculate your budget—including down payment, closing costs, and monthly mortgage.
- Aim to have a steady income and a manageable debt-to-income ratio.
- Get Pre-Approved for a Mortgage
Getting pre-approved shows sellers you’re serious and helps define your price range.
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- Gather income documents (W-2s, pay stubs, tax returns).
- Compare rates from multiple lenders.
- Ask about first-time homebuyer programs or grants in your state.
- Define Your Must-Haves and Deal-Breakers
Make a list of features that matter most:
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- Number of bedrooms and bathrooms
- Location and school district
- Commute time
- Yard size, garage, or home office
Understanding your priorities helps narrow your search.
- Partner with Jay Spaziano, a Trusted Real Estate Agent
Partnering with a knowledgeable agent like Jay is essential.
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- Jay has over 45 years of experience working with first-time buyers.
- He will guide you through negotiations, inspections, and paperwork.
- Jay can spot red flags and advocate on your behlf.
- Start Touring Homes
Now the fun begins!
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- Tour a variety of properties to refine your preferences.
- Keep notes and photos to compare later.
- Don’t rush—finding the right home may take time.
- Make an Offer (and Negotiate)
Once you’ve found “the one”:
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- As your agent, Jay will help you draft a competitive offer.
- Be prepared for counteroffers or bidding wars.
- Consider including contingencies (e.g., inspection, financing).
- Get a Home Inspection and Appraisal
Never skip the inspection. It reveals issues you might miss:
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- Structural problems, roof condition, HVAC, plumbing
- Your lender will also order an appraisal to confirm the home’s value
- Finalize Your Mortgage
Submit all documents your lender requests to keep things moving:
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- Updated bank statements, employment verification, insurance info
- Lock in your interest rate and review your loan estimate carefully
- Close on Your New Home
You’re almost there! At closing, you’ll:
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- Review and sign documents
- Pay closing costs and your down payment
- Receive your keys and officially become a homeowner
- Move In and Celebrate!
Change the locks, set up utilities, and start making the space your own.
You’ve earned it!
Final Thoughts
Buying your first home is a big step—but with the right guidance and preparation, it can be a smooth and rewarding journey. Use this checklist to stay organized and empowered every step of the way.
Ready to begin your homebuying journey? Contact us today for expert guidance tailored to first-time buyers.