Welcome to an exciting milestone — buying your first home! We know this journey can feel overwhelming, but with the right tools and guidance, it can also be incredibly rewarding. Below, you'll find helpful information to navigate each step of the home-buying process.
Buying a home starts with knowing your budget.
Determine How Much You Can Afford: Use the mortgage calculator under my resources tab to estimate monthly payments
Check Your Credit Score: A higher score can help you secure better loan terms
Save for a Down Payment: Many lenders require at least 3-20% of the home’s price. Look into first-time buyer programs that may offer reduced down payment options
A pre-approval letter shows sellers you’re a serious buyer.
Choose the Right Lender: Shop around for competitive rates and loan options. Don’t hesitate to ask me for a lender, I can connect you!
Prepare Documentation: Have proof of income, tax returns, and bank statements ready
Understand Loan Options: There are various types of home loans available, each with unique benefits and requirements. It's essential to choose one that aligns with your financial situation and long-term goals. A trusted lender can guide you through the choices and help you find the best fit
Identify what’s most important in your first home.
Location: Proximity to work, schools, and amenities
Features: Number of bedrooms, bathrooms, yard size, etc
Future Needs: Think about how long you plan to stay and whether the home will fit your future plans
Working with the right agent makes all the difference.
Why Choose Me? I specialize in helping first-time buyers in Bloomfield Hills and Metro Detroit. Having grown up here, I know the area inside and out and will guide you every step of the way.
What I’ll Do for You:
Find homes that match your needs and budget.
Negotiate on your behalf to get the best deal.
Simplify the process, making it as stress-free as possible.
Now comes the fun part—house hunting!
Online Listings: Browse homes and schedule showings.
Open Houses: Explore neighborhoods and see homes in person.
Keep an Open Mind: You may need to compromise on some features, but I’ll help you prioritize your must-haves.
Once you find “the one,” it’s time to make your move.
Competitive Bidding: I’ll help you craft a strong offer that stands out.
Negotiations: I’ll negotiate on your behalf to ensure you get the best terms.
Earnest Money Deposit: Be prepared to provide a deposit to show you’re serious.
The final step before you get the keys to your new home!
Home Inspection: Ensure the property is in good condition.
Appraisal: Your lender will confirm the home’s value.
Closing Costs: Budget for fees, which are typically 2-5% of the home’s purchase price.
Final Walkthrough: Double-check that everything is as agreed upon.
Congratulations! Once the paperwork is signed, the home is officially yours. Now it’s time to celebrate and make it your own.
Not necessarily! Many first-time buyers qualify for loans requiring as little as 3-5% down.
The timeline varies, but from offer to closing, it typically takes 30-45 days.
Closing costs include lender fees, title insurance, escrow fees, and taxes.
Buying your first home doesn’t have to be intimidating. Let’s work together to make your dream of homeownership a reality. Contact me today to schedule a time a chat!
Get assistance in determining current property value, crafting a competitive offer, writing and negotiating a contract, and much more. Contact me today to discuss all of your real estate needs!