How to Buy a Home

By Andrea Young on September 25, 2020

The process of buying a home can be intimidating for many first-time buyers.  It can take several weeks to complete a transaction.  In addition to the time it takes, purchasing a home is often the largest purchase someone will make in their lifetime.  To make the process easier, it is helpful to know what steps are involved so you can get your ducks in a row before you even start looking at houses.

The first action item will be to get your finances in order;  this will include saving up for a down payment and budgeting out how much house and monthly payment you can afford. Ideally, you will want to have 20% of the purchase price saved up as a down payment to avoid paying PMI (Private Mortgage Insurance).  Don’t forget to factor in other costs such as utilities, property taxes, and homeowners insurance into your budget.

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How to Buy a Home PDF