Steps To Buying Home For First Time < RECENT >

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.

As a first-time buyer, you want an expert in your corner. A buyer’s agent helps you find listings, schedules tours, and—most importantly—handles the intense negotiations. In many cases, the seller pays the agent's commission, meaning their expertise may come at no out-of-pocket cost to you. 4. The House Hunt steps to buying home for first time

You can change a wall color easily, but you can’t change the layout or the neighborhood. 5. Make an Offer and Negotiate While 20% is the gold standard to avoid

Before you look at a single house, look at your bank account. You need to know exactly what you can afford so you don't fall in love with a home that’s out of reach. In many cases, the seller pays the agent's

Now for the fun part. Make a list of "Must-Haves" (number of bedrooms, school district) and "Nice-to-Haves" (granite countertops, hardwood floors).