The homebuying process can be intimidating for anyone, especially first-time buyers. Buying a home is a major process, but with the right people, it doesn’t have to be a stressful process. Here are the major steps in the home buying process and what you can expect from each.

1. Before you decide to buy a home

The first thing you should start on before you even consider buying a home is to build good credit. After you build your credit up, you should start with a mortgage pre-approval and find out what type of mortgage is right for you. You should also be saving for the down payment, which can be anywhere from 10-20% of the property value. Don’t forget to save for the closing costs which can include taxes and other fees.

2.Find a Real Estate Agent

Finding a real estate is probably one of the most important steps. You want an agent that knows the area in which you are wishing to buy. You also want someone who has years of experience. Those years of experience will make all the difference, from knowing how to negotiate to filling out and filing the paperwork for you.

3. Finding the right property

Before you start looking you should make a list of everything you want in a home. Make sure your list is realistic. Sometimes first time home buyers feel as if they will never find their dream home because of unrealistic expectations. Make a list of needs vs wants, also a list of absolute deal breakers. Sometimes homes have funny quirks that you may hate at first, but over time, develop into a feature that makes your home, home.

4. Financing the right property

You’ll need to find a mortgage broker as well. Your realtor should have a list of contacts they would suggest. Mortgage brokers are important because they can help you find the right mortgage suited for you. If you have already been pre-approved, the lending process will be a lot easier.

5. Making an offer

Before you make the offer, make sure you have a licensed home inspector in place. Acquire title insurance and make sure the title is clear before you place an offer. Make sure you read and understand all contracts before you sign, if you have any questions, make sure to ask. Keep your credit score high throughout the entire process and wait for big-ticket purchases until long after you close. Remember, one offer makes a sale, so be prepared to move on if you offer is not accepted.

6. Closing and life after the big purchase

The first thing you should do after you close is protect your purchase, buy insurance, including disaster, fire, and flooding. Keep a record of all your files, either physically or digitally. This includes all warranties, insurance documents, contracts, etc. Set up bills in your name with your new address. Now that all the hard work is done, it’s time to enjoy your new place, go out, meet your neighbors, explore the neighborhood. If you had a positive experience with your realtor, recommend them to your family and friends who may have just begun their own real estate journey.