Guide To Buying Your First House May 2026

As a buyer, using a real estate agent is generally free to you (the seller usually pays the commission). Look for an agent who specializes in first-time buyers and knows your target neighborhood well. They will guide you through negotiations, paperwork, and scheduling tours. 2. Create Your "Needs" vs. "Wants" List

It is rare to find a perfect house within a starter-home budget. Distinguish between what you absolutely must have and what would simply be nice to have. guide to buying your first house

Once you find the right house, the pace accelerates rapidly. Your agent will help you navigate this legally binding phase. 1. Make an Offer As a buyer, using a real estate agent

Your lender will hire an independent appraiser to ensure the home is actually worth the amount you agreed to pay. Lenders will not lend more than the appraised value of the home. If the appraisal comes in low, you will have to negotiate a lower price with the seller or pay the difference out of pocket. 4. Final Walk-Through and Closing Distinguish between what you absolutely must have and

Granite countertops, a pool, a specific paint color, smart home upgrades. 3. Go House Hunting

This is the percentage of the home's purchase price you pay upfront.

For active-duty military, veterans, and surviving spouses, offering zero down payment options.