PDF - Report This workbook provides worksheets, calculators and checklists for each step in the homebuying process. It includes detailed budget calculations, home features checklists and comparison tools. It also includes a practical home maintenance calendar for first-time homeowners. This is the companion workbook to our homebuying guide. An inspection typically costs around $400-$500. In addition, you will be required by most banks to order an appraisal of the home, which costs around $300-$450. The appraisal looks at the home's condition and value compared with other recently sold homes in the area. 5. Close on your home loan. Use our handy checklist for first-time homebuyers to build a home wish list, figure out your finances, gather documents for loans, and more. Contact Us. Sales: 877-220-5533. First time homebuyer checklist. Follow these steps to help make your dream home a reality. Gather important documents Tax returns/W-2's Pay stubs Bank statements Home Wish List Location Size Bedrooms/Bathrooms Lot size Must haves Meet with Real Estate Agent Begin house hunting Narrow down choices Pick your home Make an offer Closing Home inspection Appraisal Closing conditions Arrange for homeowners insurance Sign final paperwork Current debts can include credit card debt, student loans, and car payments, to name a few. If this is your first time buying a house, the lender will run your credit report and ask for things like current pay stubs and prior tax filings. This gives them a snapshot of how much home you will be able to afford and how much your monthly payment If you're a first-time buyer, a Help to Buy or lifetime Isa could enable you to claim a 25% top-up from the government. 2 Find out how much mortgage you can borrow: use our calculator (which.co.uk/ mortgagebudget) to get a rough idea, or speak to a mortgage adviser for an exact figure. 3 Research your chosen area: our area comparison tool (which. Kitchen Essentials. One of the most-used rooms in your home is the kitchen, where you'll cook, bake, eat and likely entertain guests. Your kitchen essentials should include: Cookware like pans, skillets, baking sheets and woks. Tools like a cutting board, knife set, meat thermometer, can opener and drying rack. This checklist site is designed for general information only. The information presented should not be construed to be formal legal advice nor the formation of a lawyer/client relationship. Apply for a Mortgage - Many first time Buyers finance the purchase and the mortgage must be secured by the date set forth in the Contract. Real Estate Buyer Agent Checklist #3: Open House Attendance Once a buyer has signed with a buyer's agent, that shouldn't preclude them from attending open houses independently. Your buyers can view properties without you while you maintain full agency, and they work on their timetable, spending as much time in each home as they'd like. The smartest way to start your house hunt is with information. That's why we've put together our "Essential checklist for first-time home buyers.". In it, we break down the stages that comprise the path to ownership, from determining how much you can afford to closing the sale. We've also included some extra tips and stats about the BUY A HOME: Step-by-Step + Your agent + Home inspector + Your attorney YOUR EXPERTS ? ? ? x2 x3 STEP #2 Develop criteria and budget STEP #4 Select an agent STEP #6 Select a loan STEP