📝 First-Time Home Buyer Checklist

Your Step-by-Step Guide to Buying a Home in Florida

Buying your first home is exciting—but it can also feel overwhelming. Use this simple checklist to stay organized and confident every step of the way.

✅ 1. Get Financially Prepared

  • Check your credit score (aim for 620+ for most loans)

  • Pay down debts and avoid new credit inquiries

  • Start saving for:

    • Down payment (3%–20% depending on loan)

    • Closing costs (typically 2–5% of purchase price)

  • Create a home-buying budget (monthly payment + maintenance)

✅ 2. Get Pre-Approved for a Mortgage

  • Gather documents: pay stubs, tax returns, W-2s, bank statements

  • Talk to a trusted local lender

  • Get a pre-approval letter (this strengthens your offer)

  • Explore loan options: FHA, Conventional, VA, USDA

✅ 3. Choose the Right Real Estate Agent

                Today's 2025 Real Estate Laws - Have the Buyers sign a Buyer Brokerage Agreement first.

  • Work with a local expert who knows your area and price range

  • Ask about their experience with first-time buyers

  • Clearly communicate your must-haves and deal-breakers

🏡 Tip: Susan J. Penn specializes in guiding first-time home buyers in Broward County. Let her help you navigate every step!

✅ 4. Start House Hunting

  • Create a “must-have” list (bedrooms, school zones, commute, etc.)

  • Search online and schedule in-person tours

  • Bring a checklist to showings (roof age, appliances, storage, etc.)

  • Be ready to move fast in a competitive market

✅ 5. Make an Offer

  • Review comps and ask your agent for guidance

  • Submit a strong, clean offer (especially if homes are selling fast)

  • Negotiate price, closing date, and contingencies

✅ 6. Schedule Inspections & Appraisal

  • Hire a licensed home inspector to check structure, plumbing, roof, etc.

  • Review the inspection report and negotiate repairs if needed

  • If using a mortgage, your lender will schedule an appraisal

✅ 7. Finalize Your Mortgage

  • Submit any additional documents requested by the lender

  • Lock in your interest rate

  • Receive your Closing Disclosure (3 days before closing)

✅ 8. Closing Day

  • Do a final walkthrough to ensure everything is as agreed

  • Bring your photo ID, certified funds, and any final paperwork

  • Sign closing documents

  • Receive the keys to your new home!

🎉 Congratulations, You’re a Homeowner!

Buying your first home is a big milestone—and you don’t have to go it alone. As a local expert, Susan J. Penn, Realtor is here to help you every step of the way.