First Time Home Buyer Preparation Checklist Evaluate Personal Readiness Stable Employment/Predictable Income Comfortable with Monthly Housing Cost + Maintenance Healthy savings & credit history to purchase Emotionally ready for long-term ownership (plan to stay 3-5 years)
Buyer Agent Selection Interview Buyer Agent Review Home Buying process in state & discuss expectations for working together Confirm experience working with first-time home buyers
Market Knowledge Have an understanding of the current market (buyers vs. sellers, inventory, etc.) Understand offer terms, due diligence/inspections periods & appraisal risks Understand competition levels & ensure you feel prepared.
Financial Planning Determine comfortable monthly housing budget Speak with a trusted lender to discuss financial readiness & pre-qualification Discuss budget needed for downpayment & closing costs Review loan options & rates with lender(s)
Search Criteria After selecting Buyer Agent, discuss your criteria & be on the same page Property type & size Location - research schools, crime statistics, commute times, nearest grocery store, any future development plans or environmental impacts to consider Must Haves vs. Nice to Haves
Questions? Let’s Chat! +828-448-2360 ali@dickensmitchener.com