being MVP: Do's and Don'ts of a First Time Homebuyer #CAREALTORS #spon

Do's and Don'ts of a First Time Homebuyer #CAREALTORS #spon

The journey to homebuying is long...especially if you do not have the funds to buy it outright.  Although Hubs purchased our first condo, I did not partake in any of the nitty gritty besides some visits.  This time around, I was there from the ground up and I want to share some things I have learned along the way to purchasing my first home in Orange County, California. 

- Keep your mind open when you look at homes, there's a reason why home remodel shows are so popular.
- Act quick and go see the place even if it means being stuck in awful traffic after work with crying kids in the car.
- If you like it, put in an offer a.s.a.p.
- If you like the photos on a just opened listing, put in a blind offer.  It doesn't hurt and you can always go see the place later.
- Make sure you have a sufficient downpayment - at least 20% because the interest rates are pretty good right now. 
- Set aside a budget for some new furniture and/or appliances because you probably will want to spruce up your new place with new stuff.  It's just human nature.  Ok, it's my nature. 

- Don't overextend your budget because you do not want to be paying for a mortgage and sacrifice fun (or your child's college funds).
- Don't look at houses that you know you can't afford (right now).  It just makes you that much more depressed when looking at homes in your current budget.  Yes I wanted to move into a $4 million home but that was not reality (right now - always optimistic).
- Don't get overwhelmed.  There's going to be a lot of paperwork for each offer and time waiting for rejection or acceptance.  We made several full price offers and even some above asking but were rejected because someone offered all cash (what the heck?) or offered even more than our above asking price (gee). 
- Don't get bummed when  you see how much house you can buy in other parts of the country.  There are perks to why you are living in your current state right? 
- Don't give up.  There's a reason why you are going through the process. You will end up in the home that was meant to be...for the present time.
- Don't get sucked into the 3.5% down payment - they get you with the mortgage insurance every month which is $ you are just wasting!

Although the process took over 6 months and we officially spent our first night in the new  3 story house condo on January 1, 2013, we are much happier and Kenzie has a dedicated "playroom" rather than a takeover of the entire living and dining room.  The home is in a better neighborhood and almost twice as large while having cost the same as the first condo.  It's a wee bit newer and has a half bath for guests!  We are approximately 2 miles from the inlaws and Kenzie's preschool as well as 10 minutes from the beach.  I can put the kiddos in the stroller and walk 2 blocks to the donut shop (yumm!).  It's a great feeling to for Hubs and I to each own a home right now (1st is being rented) and eventually we will sell both to own our dream house - - custom built one story, 5 bedroom with a huge backyard, custom closet(s) and perhaps a pool?     

Where you do live?  I would love to know where you are from :)

I was selected for this opportunity as a member of Clever Girls Collective, and the content and opinions expressed here are all my own.


  1. We live in GA!

    Buying a home for the first time can be so stressful, but of course it's exciting, too! There's so much to think about and consider.

  2. i am from Miami and we are looking into buying our own place too! THANKS FOR THE TIPS!!

  3. thanks for the tip about the 3.5 % down also i know how it feels to have the kids toys take over the living room! LOL

  4. I also live in Orange County, CA. We bought our first home about 4 years ago and it was quote stressful.

  5. I am in Georgia and I have often wonder how anyone could even afford a home in California. My niece is there and it just seems all home, etc are terribly expensive. You have some great tips and you're not the only one when saying you'll want to spruce it up. For sure it's a womens thing and we all need to change things when we purchase a home.

  6. We just moved into our first house in NY in November after waiting 9 months for a closing date! It was the craziest experience but it was totally worth it. We got a great deal and we hope to do some updates to it over the next 10-15 years and move into something a bit bigger. Congrats!

  7. great tips will be looking into buying a house really soon

    knickgirl_3 at yahoo dot com


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