First-Time Buyer Complete Checklist
Navigate the home buying process with confidence. This comprehensive checklist covers everything from pre-approval to move-in day.
Your Progress
0%0 of 40 tasks completed
Pre-Shopping Preparation
Get your finances and expectations in order before you start looking
Aim for 620+ (FHA) or 740+ (best rates)
3-20% down + 2-5% closing costs
Include maintenance, utilities, insurance, emergency fund
Visit at different times, check commute, amenities
Not just pre-qualified - get fully underwritten approval
- • Tax returns (2 years)
- • Pay stubs (2 months)
- • Bank statements (2 months)
- • Employment verification
Get referrals, check reviews, ensure good communication
House Hunting
Search smart and stay organized during your home search
Be realistic about needs vs. wants
Group by area, allow 30-45 min per home
Document pros/cons, measure rooms if needed
Check days on market, price changes, past sales
Check traffic, noise, neighborhood activity
Understand fees, rules, reserves, pending assessments
- • HOA bylaws
- • Financial statements
- • Meeting minutes
Making an Offer
Navigate the offer process strategically
Review comparables with your agent
Inspection, financing, appraisal, sale of current home
Typically 1-3% of purchase price
Can help in multiple offer situations
Understand all terms and deadlines
Show you're a qualified buyer
- • Pre-approval letter
- • Proof of down payment funds
Under Contract
Complete due diligence and secure financing
Within contingency period (usually 7-10 days)
Ask questions, take notes, get estimates for repairs
Focus on safety and major systems
Submit all requested documents promptly
- • Updated financials
- • Insurance quotes
- • Additional verification docs
Usually ordered by lender
Get multiple quotes, ensure adequate coverage
Ensure clear title, no liens or issues
Verify repairs completed, home condition unchanged
Closing Process
Final steps to become a homeowner
Compare to Loan Estimate, verify all numbers
Verify wiring instructions by phone
Ensure property condition, all items included
ID, proof of insurance, any requested items
- • Driver's license
- • Homeowners insurance policy
- • Cashier's check/wire confirmation
Read everything, ask questions
Verify all keys work, get alarm codes
Post-Closing
Important tasks after you get the keys
For security, change all exterior locks
Electric, gas, water, sewer, trash, internet
Forward mail, update subscriptions
Reduces property taxes in many states
Set reminders for filters, inspections, seasonal tasks
Keep receipts, warranties, manuals, inspection reports
1-3% of home value for unexpected repairs
Introduce yourself, join local groups or apps
First-Time Buyer Tips
Common Mistakes to Avoid
- ×Skipping pre-approval or only getting pre-qualified
- ×Not budgeting for closing costs and moving expenses
- ×Waiving inspection contingency in competitive markets
- ×Making large purchases before closing
Money-Saving Tips
- ✓Shop multiple lenders for best rates
- ✓Negotiate seller concessions for closing costs
- ✓Time purchase for seller motivation (end of year, etc.)
- ✓Research first-time buyer programs and grants
Ready to calculate what you can afford?