re: First time home buying process

Find a good realtor you are comfortable with. They will help guide you through the buying process. You’ll want to find a lender and get pre-approved, and they will verify the basics…income, expenses, credit ect. Now you’ll zero in on a home and make an offer. If seller accepts it’s now “under contract”. This is when you get the home inspected and don’t skimp on it. Home repairs should be budgeted just like a car, but if there is something that sticks out, see if they will fix it or negotiate it in the price. Don’t get stuck replacing a roof that should’ve been done 5 years ago. Figure out what is under warranty and who did any updates/remodeling on the home. While you’re doing that the banks are doing their contingencies. After everyone is satisfied you’ll go to close, sign the papers, get the keys and have a party. Congrats, now you’re a homeowner.