The Ultimate First-Time Homebuyer To-Do List
Alexandra Gupta October 13, 2025
Alexandra Gupta October 13, 2025
Buying your first home is exciting—but it’s also a major financial and emotional undertaking. After helping countless first-time buyers across Brooklyn and Manhattan, I’ve learned that having a clear roadmap makes the process far less stressful. Here’s a step-by-step guide to help you navigate your homebuying journey with confidence.
Before you start scrolling listings, take an honest look at your finances. Review your savings, income, credit score, and any existing debt. Then, speak with a mortgage professional to get pre-approved.
A pre-approval letter tells you what you can realistically afford and shows sellers that you’re a serious buyer. I always remind clients to avoid opening new credit cards or making large purchases during this time—lenders recheck credit before closing.
Once you know your budget, make a list of what matters most to you. Is proximity to the subway non-negotiable? Do you need outdoor space or a second bedroom for future plans?
Separating must-haves from nice-to-haves keeps you focused once you start touring homes. Many first-time buyers fall for the aesthetics of a space before thinking about the long-term functionality—clarity upfront prevents costly compromises later.
Real estate is a team sport. Beyond your agent, you’ll need a trusted mortgage lender, real estate attorney, and possibly an inspector and contractor.
I always tell clients: your agent should act as your project manager, helping you connect with the right professionals who specialize in your type of purchase, whether it’s a condo, co-op, or townhouse.
This is the fun part—but also where emotions can run high. Attend open houses, schedule private showings, and explore different neighborhoods to understand value.
Be open-minded: sometimes the “perfect” home looks different than what you imagined. I’ve had buyers fall in love with a layout or block they initially overlooked.
When you find the right place, your agent will help you determine a strategic offer price based on recent comparable sales, condition, and market demand.
Be prepared for negotiation—price, contingencies, or closing timeline can all be part of the conversation. The goal is to create a win-win that feels fair and competitive.
Once your offer is accepted, it’s time to dig into the details. For houses, you’ll schedule a home inspection to identify any potential repairs or structural issues. For condos or co-ops, your attorney and agent will review building financials, board minutes, and offering plans to ensure there are no hidden red flags.
After due diligence, your lender will order an appraisal and move your file toward full approval. Respond quickly to any document requests to avoid delays. Once the loan is “clear to close,” you’ll receive a commitment letter confirming your financing is locked in.
Your attorney coordinates with the seller’s team to schedule a closing date. This is when you’ll sign the final paperwork, transfer funds, and officially become a homeowner.
Pro tip: do a final walkthrough right before closing to ensure the property’s condition matches what was agreed upon.
Celebrate! But don’t forget a few post-closing tasks—set up utilities, change the locks, and review your homeowner’s insurance coverage. I also recommend creating a maintenance checklist and budget for annual repairs or improvements.
Your agent can continue to be a resource long after closing, whether it’s recommending local contractors, advising on renovations, or helping you plan for your next move. The best relationships in real estate are built to last well beyond the transaction.
Stay up to date on the latest real estate trends.
I enjoy the responsibility of taking care of each client's real estate needs and making the transaction as smooth as can be. With every new challenge, I am well prepared and ready to deliver honest, capable guidance that will lead to your perfect home.
