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Important Information for First-Time Home Buyers

Real Estate Broker/Owner with Sandra Nickel REALTORS

Purchasing your first home is a huge milestone…and not one that should be taken lightly. It is a big commitment, and you want to make sure you get it right. Educating yourself before you begin the home buying process will help you find the right property and procure the financing for it. 

Here are some things you should know as a first-time homebuyer:


Entering the home buying process for the first time might feel a little overwhelming. You will have a lot of questions, but don’t worry, there will be people who will guide you through. The first thing to do is to find an experienced, professional Realtor. Your Realtor will assist you in finding your starter home, making an offer, and negotiating with sellers. Another person you should meet with prior to starting your home search is a mortgage lender. Your mortgage banker will help you complete your loan application along with determining the amount you qualify for.

Getting preapproved for a mortgage is an important step that will set you on the right course for buying your first home.


I’m sure you’ve heard the saying “location, location, location” in relation to real estate. It exists for a reason. Because location is one of the most important aspects in choosing a home. The first thing you must do when searching for your starter home is determine the area you want to live in. You should take many things into consideration when making this decision. Do you want city, suburban, or country living? What is the reputation of the school system?  Are there shopping, dining, and entertainment activities nearby?  The answers to these questions aren’t just important for you when you are living there but may also have an impact on resale value. Remember, this is your starter home; not necessarily your forever home. So, you should take resale value into consideration when choosing the location. Once you have determined WHERE you want to look, you can create a list of what you are looking for in a home. You may have to compromise on some things, but going into your search knowing what you want will make things less confusing. 


When buying your starter home, there may be some expenses that you didn’t anticipate. Don’t risk being blindsided by unexpected expenses. Do your research and make sure you know what you are getting into. Here are some costs you may not have thought of:

  • Closing costs
  • Home inspection
  • Moving expenses
  • Setting up your new house

Remember that your Realtor and Mortgage Banker are there to answer questions you may have, so don’t hesitate to take advantage of their expertise!

If you are in the market to buy or sell a home (or both), let me Sandra Nickel, and my Hat Team of Professionals assist you with all your real estate needs! Call us today at 334-834-1500 and check out https://www.homesforsaleinmontgomeryalabama.com for more information.

Photo credits: pwcva.gov, findmywayhome.com, financebuzz.com

Leanne Smith
Dirt Road Real Estate - Golden Valley, AZ
The Grit and Gratitude Agent

Home maintenance is also another expense to be researched. This may increase after the home inspection.

Mar 22, 2023 08:18 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Sandra and great information to pass on to us here in the Rain.  Make it a great day!

Mar 22, 2023 10:07 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Sandra Nickel  this is a great time for first time and repeat homebuyers to purchase a home.

Mar 22, 2023 03:33 PM
Richard Weeks
Dallas, TX
REALTOR®, Broker
Great information, thanks for sharing.  I hope you have a great day.
Mar 24, 2023 03:29 AM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great post!  Thanks for sharing and enjoy your day!

Mar 24, 2023 07:20 AM