How First-Time Buyers Get Into the Real Estate Market: 3 Steps

“How does a first-time buyer actually get into the real estate market nowadays?”

It’s a question Joe Gonzalez hears constantly, and his answer is a simple three-step process.

Step 1: Find a REALTOR® you trust

Your agent should be with you from the very beginning, when buying a home is still just an idea, all the way to the day you get your keys. A good first-time buyer agent will:

• Answer your questions without pressure
• Help you understand what you can realistically afford
• Ask the right questions to understand what you need in a home
• Set you up with a search that matches your budget and must-haves

Step 2: Get pre-approved with a trusted mortgage specialist

Your REALTOR® can connect you with a mortgage specialist who will get you pre-approved. A pre-approval tells you exactly how much you can borrow, which matters for a few reasons:

• You only look at homes you can actually afford
• Your offers are stronger because sellers know you’re financially ready
• You can move quickly when the right home comes up

Step 3: Have a plan

This is the step many people skip. Your plan should include:

• Saving for your down payment and closing costs
• Saving for your deposit, which is usually due within 24 hours of an accepted offer
• Deciding when and where to buy with your REALTOR®, based on your budget and the market

With a plan, buying a home goes from a vague dream to a clear set of goals you can work toward.

Start your first-home journey

Whether you’re ready now or just starting to think about it, the Right Choice team is happy to help you build your plan.

Call 289-276-1716 or start your home search.