What To Do | When Buying Your First House

Before looking at listings, you must understand your borrowing power and clean up your credit.

Buying your first home is a multi-step process that begins with strict financial preparation before you ever visit a property. 1. Get Your Finances House-Ready

: Use the 28/36 rule —housing costs shouldn't exceed 28% of your gross monthly income, and total debt shouldn't exceed 36%. what to do when buying your first house

: A good agent helps you navigate negotiations, handle paperwork, and find up-and-coming neighborhoods.

: This is a lender's commitment to lend you a specific amount. It proves you are a serious buyer and helps you avoid falling in love with a home outside your budget. Before looking at listings, you must understand your

Once you have your pre-approval letter, you can start hunting with a clear "needs vs. wants" list. 10 First-Time Homebuyer Mistakes To Avoid - Bankrate

Sellers often won't consider an offer unless you have professional backing and proof of funds. Get Your Finances House-Ready : Use the 28/36

: You'llBudget 2% to 5% of the purchase price for closing costs .