You've made the decision to make one of the largest investments you've probably ever made… buying your first home. You're excited, but at the same time anxious, right?

Some questions you may be asking are:

    • Can I afford it?

    • Do I have enough money for a down payment?

    • Am I able to inspect the home before making an offer on it?

Rest assured, you are not alone. The home buying process can be overwhelming, but it doesn't have to be if you go into it prepared. Here are some things to consider before writing your offer:

Getting a mortgage

Fear of being rejected for a home loan is one of the main concerns for first-time homebuyers. To lessen the stress, you may want to get pre-approved for a loan before looking at homes. This will not only help you feel more confident, it will also give you an advantage when there are multiple offers for a specific home. The fact that your loan has already been approved is of great value to the seller because it shortens the purchase process and there is less chance the buyer will back out of the sale.

Mortgage Payments

The costs involved in the purchase of a home can be overwhelming to first-time buyers; however, with the help of your Leading Edge Realtor and your loan consultant, you can calculate out how much you will be able to pay each month in mortgage payments, and from there, what prospective homes offer a feasible payment plan.


The down-payment amount varies depending on the value of the home you choose and your mortgage lender. Your Leading Edge Realtor will be able to explain the different options available to you.

Making offers

Don't feel pressured into making an offer on the first home you see. This is a common mistake of many first-time homebuyers. Make sure you view different homes to get a feel for the marketplace. When you do decide on a home on which to make a bid, work with your Leading Edge Realtor to get all your questions answered before making an offer; but don't wait too long to make an offer. The longer you wait, the greater the chance other prospective buyers may place offers, making it harder for you to negotiate a good deal.

Condition of the Home

Buying a "problem" home is another fear of first-timer buyers. A home that needs major repairs can become a costly venture. To avoid unfortunate surprises, your Leading Edge Realtor may advise you to hire a home inspector before making a serious offer. That way, you know what you are getting into. Above all, remember that the only stupid questions, are the questions that aren't asked. Make sure you understand and are comfortable with every aspect of the transaction. Your Leading Edge Realtor will be an invaluable asset in helping you make educated decisions to ensure your first-home purchase is a rewarding experience.