10 Tips for First-Time Homebuyers

1. Be picky, but don’t be unrealistic. There is no perfect home.

2. Do your homework before you start looking. Decide specifically what features you want in a home and which are most important to you.

3. Get your finances in order. Review your credit report and be sure you have enough money to cover your downpayment and your closing costs

4. Don’t wait to get a loan. Talk to a lender and get prequalified for a mortgage before you start looking.

5. Don’t ask too many people for opinions. It will drive you crazy. Select one or two people to turn to if you feel you need a second opinion.

6. Decide when you could move. When is your lease up? Are you allowed to sublet? How tight is the rental market in your area?

7. Think long-term. Are you looking for a starter house with the idea of moving up in a few years or do you hope to stay in this home longer? This decision may dictate what type of home you’ll buy as well as type of mortgage terms that suit you best.

8. Don’t let yourself be house poor. If you max yourself out to buy the biggest home you can afford, you’ll have no money left for maintenance or decoration or to save money for other financial goals.

9. Don’t be naïve. Insist on a home inspection and if possible get a warranty from the seller to cover defects within one year.

10. Get help. Consider hiring a REALTOR® as a buyer’s representative. Unlike a listing agent, whose first duty is to the seller, a buyer’s representative is working only for you. And often, buyer’s reps are paid out of the seller’s commission payment.

Reprinted from REALTOR® Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORS®

Copyright 2005. All rights reserved. http://www.REALTOR.org/realtormag

“Coaching First Time Texas Home Buyers and Sellers.”  If you have general real estate questions, I’m always on-call.  Whether you’re a Home Buyer, Home Seller or a Tenant… I’ll gladly tailor my service to suit your needs.”  ~Agent Val, Your Trusted Real Estate Advisor~



4007 McCullough Ave, Suite #477
San Antonio, TX 78212 |
Call/Text Val: 210-378-5987



  1. Thanks for the tips for buying a home. My wife and I hope to buy our first home soon, so we are trying to get informed. I like what you said about getting a loan in advance. That way, you can know what you can afford to pay before you start looking. I will be sure to keep this in mind!

  2. What I appreciated the most was how you pointed out not to spend all the money on the house alone because this will allow us to have enough left for the maintenance and decoration. I never thought about until I came across this article, so it was really great! We’re planning to buy a house soon because my hubby and I don’t like the idea of raising our baby in an apartment. I thought house hunting was easy. It turns out I was wrong. Thanks for the useful advice. I appreciate it!

  3. If you are really serious of buying a new home, it is important to be financially prepared to get your ideal home. Thanks for sharing tips. These help to save more time and money in purchasing a home.

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