Pillar Guide

What First-Time Buyers Should Know Before Starting

A smooth purchase starts long before showings. Here’s how to prep your budget, timeline, and team so you can move with confidence.

1) Get your budget & credit ready

  • Monthly comfort number: Back into a price using a payment you can actually live with.
  • Credit snapshot: Check scores, fix errors, and avoid new debt/late payments during the process.
  • Down payment & reserves: Plan for down payment, closing costs, and a small emergency buffer.

2) Get a firm pre-approval

A full underwritten pre-approval strengthens your offer and helps you lock the right rate strategy.

What lenders verify

  • Income & employment
  • Assets & reserves
  • Debts & credit history

Documents to gather

  • Recent pay stubs & W-2s
  • Bank statements
  • Photo ID

3) Define your timeline & search criteria

  • Target move-in window (and lease end dates if renting).
  • Must-haves vs. nice-to-haves (beds, commute, schools, HOA, etc.).
  • Neighborhoods that fit both lifestyle and budget.

4) Choose the right agent-compare proposals

Experience, communication style, and incentives matter. Compare multiple licensed agents who compete to earn your business.

Seeking Agents® lets buyers compare competitive proposals from licensed agents-free for buyers and sellers.

Get free access

*Informational only; not legal, tax, or financial advice. Programs and terms vary by market and lender.