The journey of first-time homebuyers is an exciting yet challenging experience for real estate agents. Helping clients navigate this major milestone, which for many is the biggest investment they’ll ever make, calls for more than market knowledge. It requires a deep understanding of the unique needs, concerns, and expectations of those entering the housing market for the first time.

 

It’s also safe to say that the process of buying a home is very foreign territory for the first time buyer and the slightest misstep can lead to problems. There’s so much to know regarding what to do and what not to do to ensure a successful real estate transaction. This month, I wanted to take a different approach and share some first-time homebuyer tips, not from the lender's perspective, but directly from the agents who are actively working with these buyers in the market.

 

I reached out to local realtors for their advice to first-time buyers at this pivotal stage, and I’m grateful for the thoughtful, often humorous responses. Their willingness to share insights on such an important topic has been truly inspiring. While we couldn’t include all the great tips we received, here are a few that stood out.

 

"First, having an experienced realtor by your side is crucial to guide you through the process. Second, securing a loan pre-approval from a knowledgeable lender is key to understanding your financing options. Establishing a purchase budget and sticking to it will help ensure a smooth and successful home-buying experience." Danette Auger-All About Your Realty

“Brace yourself – you're about to share a lot of information. I joke that they’ll want your firstborn, a blood sample, and a detailed record of yesterday's lunch (with proof, of course).  That leads into a conversation about how every dollar you’re bringing to closing must be verified – cash under the mattress doesn’t count! And here’s our top tip: stick with a local lender who’s got your back and whom we trust. That way, you’re in good hands through every quirky request."  Beth Sauer Keller Williams One.

 

"I always remind my clients to avoid spending all their savings on a home. Many overlook the additional costs after closing, like furnishing or upgrading older systems, such as the roof or HVAC. I share real-life examples of these expenses to help them prepare. I also tell them, 'Buying a home isn't like buying a pair jeans—you can't return it if you don’t like it. Make sure, without a doubt, this is the right home for you.'" Stacy Parent-Coldwell Banker Advantage

 

“We provide our buyers with what we call the 10 Commandments of Buying a Home. This includes tips such as: Thou shalt not change jobs, quit your job, or become self-employed, and Thou shalt not purchase a car, truck, or van—or you might end up living in it!  Chris Pappalardo Keller Williams One

 

"Homes often look their best in photos. If you're not impressed with what you see online, it's unlikely you'll feel differently in person. Buyers should keep in mind that if they’re drawn to older homes with 'character,' they need to have the budget for necessary repairs and updates. I’ve worked with buyers who love the charm of an older home but struggle to cover the down payment and closing costs." Stephanie Jackson All About Your Realty

 

"I remind first-time homebuyers to know the difference between 'must-haves' and 'wants.' Must-haves: location, school zone, square footage, bedrooms, bathrooms, and a price you qualify for. Wants: fenced yard, fancy kitchen, fireplace – those can come later. And unless they're helping with the down payment, leave your parents at home!" David Dixon-Keller Williams Elite

 

"I have a Top 10 Tips list that includes key points like thinking long-term and considering future resale value. When thinking long-term, assess whether the home is a starter or long-term investment, factoring in potential changes like job relocation or family growth. Even if you plan to stay long-term, consider resale potential, with location, school district, and market trends playing a big role." Lisa Bennett-Carolina Homes For Sale

 

"I always tell first-time buyers that there are no 'stupid' questions. Many feel hesitant to ask, but it’s important to do so because there’s so much they don’t know. I tell them the only 'stupid' question is the one you don’t ask—sometimes, it’s the most crucial one, and you won’t realize that until you ask!" DeDe Cunningham-Keller Williams One

 

"Many first-time homebuyers are unaware of the down payment assistance options offered by the NC Housing Finance Agency. By providing them with this information, I help them access valuable resources, and they are always extremely grateful to learn about the program." Michael Foster-EXP Realty

 

"Always consult with your lender before making any purchases or opening/closing accounts to avoid affecting your financing. Also, keep $2,500 to $3,000 available for earnest money, due diligence, and inspections to stay fully prepared for the process ahead." Tracy Tyson-Keller Williams One

"There will be a thorough home inspection, but don't panic. Most of what comes up will likely be cosmetic, and we’ll focus on the items that impact the function and safety of your home. Our goal is to address the issues that matter most to the home's overall condition and livability." Cara Buchanan-Keller Williams One