Things to Know as a First-Time Homebuyer (From Someone Who Went Through It Already!)
By Victoria Ratliff:
Going through the journey to buy my first home has been exciting, eye-opening, and honestly… a little overwhelming at times. There’s so much information out there, and I quickly realized that it’s easy to feel lost if you don’t know where to start.
So, as a first-time homebuyer myself, I wanted to share what I’ve learned along the way. From—searching, researching, or simply dreaming—I hope this helps make your path a little clearer.
Here are some key things I’ve discovered so far:
1. Your Budget Is More Than Your Pre-Approval
I assumed that whatever I was approved for was what I should shop for. Not true!
The real monthly cost includes:
Mortgage payment
Property taxes
Homeowner’s insurance
HOA fees (if there are any)
Utilities, repairs, and the random things no one warns you about
It’s not just about buying the home—you have to be comfortable living in it.
2. Get Pre-Approved Before You Fall in Love With a House
This was one of the best early steps I took. Getting pre-approved helped me:
Know my price range
Understand how much things actually cost
Show sellers I’m serious
And most importantly… it kept me from heartbreak when browsing listings.
3. Know Your Must-Haves vs. Nice-to-Haves
I learned quickly that compromise is part of this journey. I created two lists:
Must-HavesNice-to-HavesNon-negotiablesFeatures I’d love, but can live without
This kept me grounded when emotions tried to take over (hello, gorgeous kitchens ).
4. A Good Realtor Makes a Big Difference
Having someone knowledgeable and patient on your side is everything. A good agent doesn’t just show homes—they guide you, explain things, and help you avoid mistakes.
Look for someone who:
Communicates well
Understands your goals
Makes you feel supported, not rushed
5. Don’t Skip the Home Inspection
Even if a home looks perfect, hidden issues can be expensive later. The inspection step is your safety net. I learned that this is where you get clarity—not just on the home, but on future maintenance and costs.
6. There Are Programs to Help First-Time Buyers
From down payment assistance to loans with lower requirements, there are options out there. It’s worth asking about:
FHA loans
USDA loans (for rural areas)
VA loans (for veterans)
Local/state assistance grants
This part alone can make homeownership more achievable than it may seem.
7. It’s Okay for the Process to Take Time
Every home I looked at taught me something—about the market, about houses, and about what really matters to me.
It’s not a race. It’s a step toward building your future.
Final Thoughts
If you’re buying your first home too, just know you’re not alone. It’s a learning process—sometimes stressful, often exciting, and always worth it. Ask questions, take your time, and trust the journey.
We’re doing this—one step at a time.