Main Content

First-time home buying guide: Everything you need to know

Couple With Keys Standing Outside New Home

Buying a home can be quite intimidating, especially if it’s your first time. It’s important to work with a Realtor who can give you the guidance you need through this challenging and exciting journey.

To give you an idea on what you can expect, take a quick look at the home buying process below:

  • Get mortgage pre-approval

    Getting mortgage pre-approval is a crucial first step as most home sellers hesitate to do business with buyers without pre-approval. It can also give you more negotiating power with home sellers. Knowing how much mortgage you will likely qualify for can also help you set a realistic budget and determine the price range of homes you should be looking at.

  • Find a Realtor

    An important step in the home-buying process is finding a local Realtor with the right knowledge and experience, and with whom you’ll have good rapport. Having the right Realtor by your side can make the home buying process smoother and easier.

    The Thirty4 North Properties Group has nearly 20 years of experience in the real estate industry. If you want to know more about the homes for sale in North Carolina, call them at 910.821.3510 or email kfreeman(at)thirty4north(dotted)com.

  • Know what you’re looking for

    Before you start looking at homes, decide on the location or area where you want to live. Consider your lifestyle needs and proximity to important places, such as your office and schools for the kids. Also decide on what type of property is best suited for you, whether it’s a single-family home, townhouse, or condominium.

    Once you’ve decided on the location and type of property, it’s essential to list down all the features you want and need in your home. These include the ideal size, the type of community, the number of bedrooms, and other features that are important to you.

  • Make an offer on a home

    Once you’ve determined which home you want, work with your Realtor to make an attractive offer. The seller can either accept or reject your offer, or send back a counter-offer. If you receive a counter-offer, you can either accept it or let go of your offer, or negotiate further.

  • From offer to closing

    While an attorney and your lender handle the paperwork for the purchase of your new home, you must have the house inspected by a certified home inspector within the due diligence period you agreed upon with the seller. The home inspection should inform you about the general condition of the home, including any damages to its structure, interior, and plumbing. Once completed your inspector and REALTOR will review these items with you to determine if they require additional repair negotiations.

  • Get ready to move into your new home

    Before moving day, make an inventory of all your household belongings, hire a professional moving company, and begin packing. It’s time to start a new life in your new home!