You're Ready — Here's Where to Start
Buying your first home is one of the most significant financial decisions of your life. It's also an incredibly rewarding one. The key is going in educated so that excitement doesn't override smart decision-making.
Step 1: Get Pre-Approved Before You Shop
Pre-approval is not the same as pre-qualification. Pre-approval involves a full credit pull, income verification, and asset documentation — it's what sellers and their agents take seriously. In competitive markets, offers without pre-approval letters are frequently ignored. Get pre-approved first, then shop.
Step 2: Understand What You Can Actually Afford
Your pre-approval amount is a ceiling, not a target. A common guideline: keep housing costs below 28–30% of your gross monthly income. Factor in HOA fees, anticipated maintenance (budget 1% of home value annually), and utilities.
Step 3: Define Your Non-Negotiables
Before touring homes, write down your absolute must-haves versus nice-to-haves. Bedrooms, commute distance, school district, garage — these vary by family. Being clear about your priorities prevents emotional decisions and keeps your search focused.
Step 4: Don't Skip the Inspection
A home inspection is $400–$600 that can save you tens of thousands. Never waive it, especially as a first-time buyer. A good inspector will evaluate the roof, foundation, electrical, plumbing, HVAC, and more.
Step 5: Work with a Buyer's Agent
As a buyer, working with a real estate agent costs you nothing — the seller pays both commissions. A good buyer's agent knows the local market, advises on offer strategy, and advocates for your interests through closing.
Taso Spathos
REALTOR® | CA Lic. 02094226
Have questions or ready to invest? Reach out directly — I'm here to help.