One Foundation Realty

Your first home should feel exciting, not overwhelming. Here’s how to prep for a confident, clear-headed search that leads to the right offer at the right price.

Get pre-approval early

Pre-approval = your permission slip to tour seriously and write strong offers. It clarifies budget and shows sellers you’re legit.

• What lenders check: credit, income, W-2s/1099s, bank statements, ID.
• Why it matters: locks your price range, interest rate estimate, and monthly payment window.
• Pro tip: keep credit steady—no new cards or big purchases until after closing.

Draw the line between must-haves and nice-to-haves

Tour smarter, not harder

• Get alerts fast: set MLS updates to same-day; hot homes move quickly.
• Use one checklist: light, floor plan, storage, noise, exterior condition, parking.
• Document each tour: quick photos + 3 pros / 3 cons to avoid “house blur.”

Understand the full costs (up-front + monthly)

• Up-front: earnest money (typically 1–3%), inspections (~$300–$600), appraisal (~$500–$800), closing costs.
• Monthly: principal & interest, property taxes, insurance, HOA if any, utilities, routine maintenance.
• Cushion: plan a small reserve for the first 90 days (filters, locks, minor fixes).

Write a strong, safe offer

• Terms that matter: price, earnest money, timeline, and contingencies (inspection, appraisal, loan).
• Be responsive: sign quickly and communicate clearly—speed and clarity win ties.
• Lean on your agent: comps and strategy beat guesswork every time.

Common first-timer bumps (& easy fixes)

• Low appraisal: review comps, renegotiate, or cover a small gap if comfortable.
• Inspection surprises: negotiate repairs/credits; prioritize safety, water, roof, electrical.
• Paperwork panic: keep docs handy and respond same day to lender requests.

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Want a clear, step-by-step path from pre-approval to keys? Start with the checklist and keep it in your phone while you tour.