Guide To Buying Your First Home -

: A professional inspection identifies potential structural or safety issues (red flags include foundation problems or major water damage) SoFi . An appraisal ensures the home's value matches the sale price for the lender Own Up.

: Create a "wish list" (e.g., location, bedrooms, commute time) but be prepared to compromise on some "wants" for your first home TruStage. guide to buying your first home

: A pre-approval letter from a lender specifies how much you can spend and shows sellers you are a serious buyer Own Up . : A pre-approval letter from a lender specifies

: Determine a manageable monthly payment rather than just the maximum amount a bank will approve YouTube . Generally, housing costs should be roughly 25%–30% of your gross income Fannie Mae . : Find a local expert who understands your

: Find a local expert who understands your target neighborhood and can advocate for you during negotiations Medium . 3. House Hunting & Offers

Do you have (e.g., credit score or down payment size)?