A higher score gets you lower interest rates.
When you find "the one," your agent will help you determine a fair price based on "comps" (what similar homes nearby sold for). Don't be afraid to ask for a "seller concession" to help cover your closing costs if the house needs minor repairs. 6. The "Due Diligence" Phase how to buy my first home
In most cases, the seller pays the commission, so professional representation is usually free for you. A good agent will find listings, schedule viewings, and—most importantly—handle the intense negotiations. 4. Know Your "Must-Haves" vs. "Nice-to-Haves" A higher score gets you lower interest rates
While 20% is the gold standard to avoid private mortgage insurance (PMI), many first-time programs allow as little as 3% or 3.5% down. A pro checks for mold
A pro checks for mold, structural issues, and faulty wiring.
You’ll sign a mountain of paperwork, pay your remaining down payment and closing costs, and finally receive the keys.