First-Time Homebuyer Guide
Buying your first home is exciting—and can feel overwhelming. This guide breaks down the process into clear steps so you know exactly what to expect.
Get Pre-Approved for a Mortgage
Before you start looking at homes, get pre-approved by a lender. This tells you exactly how much house you can afford and shows sellers you're a serious buyer.
What You'll Need:
- W-2s and tax returns (last 2 years)
- Recent pay stubs (last 30 days)
- Bank statements (last 2-3 months)
- Photo ID and Social Security number
- Employment verification
đź’ˇ Pro Tip
Shop around with at least 2-3 lenders. Rates and fees can vary significantly. We can recommend trusted local lenders if you need referrals.
Find a Real Estate Agent
A good buyer's agent is your advocate throughout the process. They'll help you find properties, negotiate offers, and navigate any challenges that come up.
What to Look For:
- Local market knowledge
- Good communication and responsiveness
- Experience with first-time buyers
- Strong negotiation skills
- References from past clients
đź’ˇ Good News
Buyer's agents are typically paid by the seller, so working with us costs you nothing extra.
Start House Hunting
Now the fun begins! Work with your agent to tour homes that match your criteria, budget, and preferred neighborhoods.
Tips for Success:
- Make a list of must-haves vs. nice-to-haves
- Tour homes at different times of day
- Take photos and notes at each showing
- Consider the neighborhood, not just the house
- Don't feel pressured—trust your gut
Make an Offer
Found "the one"? Your agent will help you craft a competitive offer based on market conditions, comparable sales, and the home's condition.
Key Terms to Know:
- Earnest money: Good-faith deposit (typically 1-3% of price)
- Contingencies: Conditions that must be met for the sale to proceed
- Closing date: When you'll officially take ownership
- Seller concessions: Credits toward your closing costs
Inspections & Due Diligence
Once your offer is accepted, you'll have a period to thoroughly inspect the property and finalize your financing.
Common Inspections:
- General home inspection ($300-500)
- Wind mitigation inspection (for insurance)
- 4-point inspection (if required by insurer)
- Termite/WDO inspection
- Roof inspection (if older roof)
đź’ˇ Florida-Specific
In Florida, wind mitigation and 4-point inspections can significantly reduce your homeowner's insurance costs.
Closing Day
The finish line! At closing, you'll sign the final documents, pay your closing costs, and receive the keys to your new home.
What to Bring:
- Government-issued photo ID
- Cashier's check or wire transfer for closing funds
- Proof of homeowner's insurance
Typical Closing Costs (Buyer):
- Loan origination fees
- Title insurance and search
- Appraisal fee
- Prepaid property taxes and insurance
- Recording fees
Budget 2-5% of the purchase price for closing costs on top of your down payment.
Ready to Start Your Home Search?
We specialize in helping first-time buyers navigate the Florida market. Let's find your perfect home together.