First Time Homebuyer Checklist

You’ve been dreaming for years of the perfect home. The porch swing, white picket fence and 2 car garage. You’ve been saving money and now you think it’s finally time to begin looking for your first home.

But, there is a lot more to buying a home than just finding one that fits your appeal. Here’s a checklist to get you started on the right track to finding a home that fits not only your style, but your budget.

Research home buyer assistance programs

Crunch the numbers and decide on your budget.

Make a list of deal breakers. Know what you really need/want and what you’ll be able to live with or without.

Collect your paperwork. Your lender will want the following forms:

  • W-2 forms from the past couple of years
  • Personal tax returns for the past two to three years
  • Your most recent pay stubs
  • Credit card statements
  • Loan statements (student, auto, etc.)
  • Bank statements
  • Addresses (past 5-7 years)
  • Brokerage account statements (past 2-4 months)
  • Most recent retirement account statements, such as 401(k)

Find a lender who fits your personality. This should be someone you can sit down with or call directly when you have questions.

Scout out the neighborhood. Look at the property value of the homes around it.  Research the development timeline of the area. If you’re really serious about a home, visit the neighbors and see what they think of the neighborhood and home.  Research the closest schools, parks and where you will be able to purchase electric, water, trash and internet.

-Follow these Do’s and Don’ts of buying your first home.

This checklist will help as you begin the home buying process. If I’m not already your REALTOR®, contact me today! I love helping first time buyers find the right fit they can call home.

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