The Complete Timeline Of Buying Your First Home

This video provides some first time home buyer tips to ensure you are prepared for the real estate closing process. Understanding the closing day process is vital for any first time buyer. Being a first time home buyer can be stressful, but this video can help alleviate that stress.

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00:00 Introduction
00:52 Step 1: Making the Decision to Buy
02:54 Step 2: Assess Your Family’s Needs
04:37 Step 3: Research Prices and Track Houses You Like
07:56 Step 4: Build Your Emergency Fund and Down Payment
10:20 Step 5: Reduce Debt and Strengthen Your DTI
13:45 Does the Home You Want Match Your Budget?
16:09 Step 6: Understand Your Timeline
18:48 Step 7: Build Your Team (Agent and Lender)
22:59 Step 8: The Showing and Evaluation Loop
26:27 Making Your Offer
28:01 Under Contract: The Inspection Contingency
29:45 The Appraisal and Loan Contingencies
31:32 Closing and First Payment