What to Expect When You Buy Your First Home
Make a plan. Figure out what your budget is for your monthly payment and what price range you can afford.
Apply with a lender for your preapproval letter that can be provided with an offer on a home. Income and assets documentation should be provided at this point to the lender.
Work with a real estate agent to receive valuable guidance and market expertise in order to make an informed offer on a home and negotiate a purchase and sale agreement.
I strongly suggest you hire a home inspector to evaluate the condition of the property. This is for your benefit of knowing what condition the home is in that you are buying.
Provide updated income and asset documentation at this point for submission into underwriting.
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