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First-Time Homebuyer’s Guide to Real Estate

Buying your first home is one of the most exciting—and overwhelming—financial decisions you’ll ever make. From saving for a down payment to navigating inspections and closing costs, the process can feel intimidating. But with the right knowledge and preparation, first-time buyers can avoid common pitfalls and achieve their dream of homeownership.


Step 1: Get Your Finances in Order

Before you start looking at homes, review your financial situation.

  • Check your credit score – Most lenders require at least 620, but higher scores get better rates.

  • Save for your down payment – While 20% is ideal, many programs allow 3–5% down.

  • Budget for more than just the mortgage – Don’t forget insurance, taxes, utilities, and maintenance.


Step 2: Get Pre-Approved

A pre-approval letter shows sellers you’re serious and tells you how much house you can afford. It also helps you move quickly in competitive markets.


Step 3: Understand the Market

Real estate markets shift constantly. Research local trends in pricing, inventory, and interest rates so you know what to expect before making offers.


Step 4: Work With a Real Estate Professional

An experienced agent can guide you through:

  • Finding the right neighborhood

  • Structuring competitive offers

  • Negotiating inspections and repairs

  • Navigating closing paperwork


Step 5: Don’t Skip Inspections

A professional inspection protects you from unexpected repairs. From plumbing to the roof, knowing what you’re buying can save you thousands down the road.


Step 6: Be Ready for Closing Costs

In addition to your down payment, expect 2–5% of the purchase price in fees for appraisal, title, lender charges, and insurance.


✅ Key Takeaway

Buying your first home doesn’t have to be overwhelming. By preparing financially, working with trusted professionals, and understanding each step, you’ll feel more confident—and more excited—about your path to homeownership.


Your NorCal Realtor

M&M Real Estate

BRE Lic# 01938720

Cell: Call/Text 707-330-2324


About Scott Sweeney


SweeneySells

Full Time Realtor 13 Years +

Over 100 Families Served

Top 5% Producing Agent

Buying & Listing Specialist

Contract & Negotiation Ninja

CSUS Business & Marketing Graduate 2006


With quickly serving over a 100 families, Scott Sweeney has become a top 5% producing Realtor in the greater Sacramento area who has helped clients from the Bay Area to South Lake Tahoe. Scott has a Bachelor Of Science in Business Administration, with a concentration in Marketing from CSUS. His education, and extensive background in the hospitality, marketing, and real estate industries, have helped Scott to become one of the leading, and most sought after agents in the area.


Reach out to SweeneySells today, and take the first step towards your real estate goals!

📞707-330-2324




Top Producer 2016-2023


"I appreciate your business & referrals!"


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