Before making an offer on your first home, it's important to be prepared. It also would not hurt to hire a professional. Here's a comprehensive checklist to help you navigate this exciting but complex process:

Financial Preparation

  • Get pre-approved for a mortgage to know your budget. A Real Estate agent could recommend a trusted partner
  • Save for a down payment (typically 3-20% of purchase price)
  • Set aside money for closing costs (2-5% of loan amount)
  • Budget for moving expenses and immediate home repairs
  • Check your credit score and address any issues
  • Calculate your debt-to-income ratio (aim for under 43%)

Home Requirements

  • Identify your must-haves vs. nice-to-haves
  • Consider location factors (commute, schools,…

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The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth County Association of REALTORS®, and is updated as of April 23rd, 2025 at 3:31am EDT (date/time). IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.