#25: Breaking down the first time homebuyer process | my experience


first-time homebuyer tips

According to The National Association of Realtors, "only 41% of first time home buyers recently surveyed say they felt prepared for the homebuying process." That is crazy, and also relatable!


When I began the process of buying my first home, I had secretly wished that there was a toolkit or something that would help me keep track of all my notes. I'm sure you have a bunch as well. So grab all the notes from your laptop, your phone, those post-its, and your notebooks and put them in "Ready To Own", my 100+ page workbook full of resources, checklists, terms, and insights designed specifically for first-time homebuyers.


“Ready To Own” was birthed from my experience of purchasing my first home. I made a lot of mistakes and also felt unprepared throughout the initial process.


Thankfully I had a great real estate agent and lender that held my hand through the whole process. However, that wasn't nor will it be everyone's experience and I would hate for you to start your homebuying journey without atleast knowing the basics of real estate.


I created this workbook to ensure that every first-time homebuyer is aware of the various components of homebuying, such as loan types, homebuying expenses, the pros/cons of various home structures, what to look for in your real estate agent/lender and more!


By the end of this workbook, you’ll be clear on:


1. When you’ll be ready to buy a home

2. What to look out for when touring potential homes

3. How to find and work with the best real estate agent for you

4. How much you can realistically can afford when buying a home

5. The various loan options available to you

6. Three main areas of finance that will impact how much you can borrow

7. What it means to “close” on your home

8. The difference between homebuying expenses and home owning expenses



Resources:


Intro to Earnest money deposit video: https://youtu.be/xxYZL7I5wx0


Biggest mistake I made in my homebuying journey: https://youtu.be/Yn-LsYujGtA


First time homebuyer loans: https://www.maximizedmoney.com/first-time-homebuyer-loans


Instagram (we have lots of fun over here):

 https://www.instagram.com/maximized.money


Podcast: Real Estate Prep:

https://www.maximizedmoney.com/episodes (available on all streaming platforms)


Ready to find the right real estate agent for you? Download my free checklist for questions to ask:

https://www.maximizedmoney.com/homebuyers-checklist


Want to get your finances together for your big home purchase? Join my free Homebuyer Goals Challenge:

https://www.maximizedmoney.com/homebuyer-goals-challenge


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