First-Time Homebuyer Guide that outlines the entire home buying process from start to finish:
First-Time Homebuyer Guide: A Step-by-Step Overview
Buying your first home is an exciting milestone—but it can also feel overwhelming if you’re not sure what to expect. This guide walks you through each stage of the home buying journey so you can move forward with confidence.
Step 1: Check Your Finances and Set a Budget
Before you start looking at homes, it’s important to understand what you can afford.
- Review your credit score
- Estimate your monthly expenses
- Use a mortgage calculator to determine a comfortable price range
- Save for a down payment, closing costs, and other expenses
Tip: Many first-time homebuyers in Ohio qualify for down payment assistance and grant programs.
Step 2: Get Pre-Approved for a Mortgage
A mortgage pre-approval letter shows sellers that you’re a serious and qualified buyer.
- Shop around for lenders and compare rates
- Submit income, credit, and employment documents
- Determine how much you can borrow
A pre-approval gives you a clearer idea of your home-buying budget and strengthens your offer.
Step 3: Choose a Real Estate Agent
A buyer’s agent helps you navigate the home search, negotiate the best deal, and handle paperwork.
- Choose someone who’s experienced with first-time buyers
- Ask for referrals or read reviews
- Discuss your needs and preferences
Your agent is your advocate and guide throughout the process.
Step 4: Start House Hunting
Now comes the fun part—looking at homes!
- Make a list of must-haves and dealbreakers
- Explore neighborhoods and school districts
- Attend open houses and private showings
Be ready to act quickly when you find the right home, especially in a competitive market.
Step 5: Make an Offer
When you find a home you love, your agent will help you write a strong offer.
- Determine your offer price based on market value
- Decide on contingencies (like inspection or financing)
- Include your pre-approval letter
The seller may accept, reject, or negotiate your offer.
Step 6: Home Inspection and Appraisal
Once your offer is accepted, schedule a home inspection and appraisal.
- The inspection identifies any repairs or issues
- The appraisal confirms the home’s value for your lender
You can renegotiate or request repairs if needed, based on the inspection.
Step 7: Finalize Your Loan and Paperwork
Your lender will finalize the mortgage after reviewing the appraisal and other documents.
- Submit any additional paperwork the lender needs
- Secure homeowners insurance
- Review the Closing Disclosure (outlines final costs)
This step ensures all financing is in place for closing day.
Step 8: Closing Day
Closing is when you sign the final paperwork and officially become a homeowner.
- Review and sign all documents
- Pay your down payment and closing costs
- Receive the keys to your new home
Congratulations—you’re now a homeowner!
Tips for First-Time Buyers
- Take a first-time homebuyer education course (some grant programs require it)
- Don’t max out your budget—leave room for unexpected costs
- Communicate regularly with your agent and lender
Need Help Getting Started?
If you’re a first-time buyer in Ohio, you may qualify for programs that reduce upfront costs. Contact us today to connect with a trusted local agent and lender who can walk you through the entire process.
