✅ First-Time Homebuyer Checklist
Everything you need to know before buying your first home
Step 1: Know Your Numbers
- ✅ Check your credit score (aim for 680+).
- ✅ Save for a down payment (5–20%).
- ✅ Budget for closing costs (1.5–4% of purchase price).
Step 2: Get Pre-Approved
- ✅ Gather your documents (pay stubs, tax returns, ID, bank statements).
- ✅ Work with a mortgage agent to see how much you can afford.
- ✅ Lock in your pre-approval rate.
Step 3: Build Your Home Team
- ✅ Realtor (to help you find the right home).
- ✅ Mortgage Agent (to secure the best financing).
- ✅ Lawyer (to review your purchase).
- ✅ Home Inspector (to protect your investment).
Step 4: Shopping & Offers
- ✅ Decide on must-haves vs. nice-to-haves.
- ✅ Factor in commute, schools, and neighbourhood.
- ✅ Understand how offers, conditions, and bidding wars work.
Step 5: Closing the Deal
- ✅ Review mortgage terms and sign with your lawyer.
- ✅ Set up utilities, insurance, and property taxes.
- ✅ Celebrate getting your keys! 🎉
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