Quick Guide: 10 Essential Steps to Buying Your First Home

Published: March 5, 2024, 7 p.m.

Buying your first home can feel really challenging without a clear guide to follow. This lack of understanding can lead to confusion, frustration, and costly mistakes throughout the home buying process.

Without a clear roadmap to follow, individuals may miss crucial steps or make uninformed decisions that will, in turn, impact their financial wellbeing.

In this episode, we provide a straightforward breakdown of the 10 essential steps you need to follow when buying your first home.

If you're contemplating purchasing your first home but feel overwhelmed or just need a refresher, this episode has everything you need to take the next step. Tune in now.

Episode Highlights:

00:00 - Introduction

05:29 - Phase 1: Preparation

06:16 - Step 1: Having a good support crew

09:21 - Step 2: Setting aside money

11:57 - Step 3: Planning

15:06 - Phase 2: Action

16:05 - Step 4: Search and inspect

18:44 - Step 5: Revise and correct

22:31 - Phase 3: Commitment

22:41 - Step 6: Methods of sale

24:17 - Step 7: Evaluation

30:18 - Phase 4: Execution

30:40 - Step 8: Contract of sale

33:59 - Step 9: Negotiation and auction

37:25 - Step 10: Settlement

Resources mentioned in this episode:

Resources:

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