Twin Cities Real Estate Blog

Thinking about buying your first home? The first steps for first time home buyers to get started.


Buying your very first home can be exciting and rewarding. It is one of the biggest purchases you will ever make and a big milestone in most people's lifetime. So it is important to feel educated and ready to purchase a home before making the plunge in becoming a homeowner.

A common inquiry I get when working with first time home buyers is, "What is my first step I need to take on my journey to purchasing my first home?" Some may think the first step is to schedule showing appointments for some houses they found interesting online and get started in finding a home they like and dream of owning.

But, in fact, there are several crucial first steps to take when beginning your home search that HGTV's "House Hunters" completely skips over and is not going to show or tell you. One of the very first things first time home buyers want to think about and prepare for is saving up money for a down payment and other upfront costs that can come with purchasing your first home. The minimum down payment you need when purchasing a home is 3.5% of the purchase price. So you will want to make sure you have that and any other extra money for some closing costs you may or may not have depending on how negotiations with the sellers pan out. 

 The next step is finding and getting to know a realtor you can trust and can help you thoroughly understand and navigate the home buying process process. In addition to finding a good realtor, it is equally as important to find a reputable loan officer at the same time that is knowledgeable and can help you understand the different home buyer programs that may be available to you and give you an estimate of monthly payments and help you understand a comfortable price range before you begin scheduling showings. Getting pre-approved for a mortgage is necessary before scheduling showings with your realtor because you'll know exactly what you have to work with and your house hunt will be...