First-Time Homebuyer Checklist: Everything You Need to Know Before You Buy

Buying your first home is an exciting milestone—but it can also feel overwhelming if you don’t have a clear roadmap. From getting your finances in order to closing day, there are dozens of decisions to make. This checklist breaks it all down step by step so you can move forward with confidence.

1. Know Your Numbers

Before you start browsing homes online or setting up showings, it’s critical to understand what you can afford.

• Review your credit score and report
• Calculate your debt-to-income (DTI) ratio
• Set a realistic monthly budget (including taxes, insurance, and maintenance)
• Factor in upfront costs: down payment, closing costs, inspections, and moving expenses

💡 Tip: Getting pre-approved for a mortgage can strengthen your offers and show sellers you’re serious.

2. Define Your Must-Haves (and Nice-to-Haves)

Sit down and list out your ideal home features.

• Minimum number of bedrooms and bathrooms
• Desired neighborhoods or school districts
• Commute time
• Lifestyle features (garage, backyard, office space, etc.)

Remember: You’re unlikely to find everything on your wish list. Prioritize what really matters to you.

3. Research the Market

Start tracking homes that meet your criteria. Look for patterns in price, days on market, and list-to-sale ratios. This will help you recognize a good deal—and avoid overpaying.

• Sign up for alerts from your favorite search platform
• Follow local real estate pages and forums
• Ask your agent for market snapshots and price trends

4. Assemble Your Homebuying Team

You don’t have to go it alone. A great support team can make the process smoother and less stressful.

• Mortgage lender or broker
• Real estate agent or advisor
• Home inspector
• Title/escrow company

Choose professionals who are experienced, communicative, and aligned with your goals.

5. Understand the Process (and the Paperwork)

The homebuying journey typically includes:

1. House hunting
2. Making an offer
3. Offer acceptance and escrow
4. Home inspection and appraisal
5. Final underwriting and loan approval
6. Closing and keys in hand!

Each stage involves documents, deadlines, and decisions. Knowing what to expect helps avoid surprises.

Bonus: Download the First-Time Homebuyer Checklis

Want a printable version of this list to keep handy?
👉 [Download the Homebuyer Checklist PDF]

Join Our Community

Have questions or just want to connect with others on the same journey?

👥 [Join Our Private Facebook Group] – Ask questions, get support, and share your progress with fellow buyers.