Home: How To Buy My First

When you find "the one," your agent will help you determine a fair price based on "comps" (what similar homes nearby sold for). Don't be afraid to ask for a "seller concession" to help cover your closing costs if the house needs minor repairs. 6. The "Due Diligence" Phase

Number of bedrooms, school district, or commute time. how to buy my first home

Your lender will require an independent value check to ensure the house is worth what you’re paying. 7. Closing Day When you find "the one," your agent will

Once your offer is accepted, you enter escrow. Never skip these two steps: The "Due Diligence" Phase Number of bedrooms, school

In most cases, the seller pays the commission, so professional representation is usually free for you. A good agent will find listings, schedule viewings, and—most importantly—handle the intense negotiations. 4. Know Your "Must-Haves" vs. "Nice-to-Haves"

Expect to pay 2% to 5% of the home’s purchase price in taxes, lender fees, and inspections. 2. Get Pre-Approved

A higher score gets you lower interest rates.