Buying your first home is exciting — and overwhelming. There’s so much to consider beyond square footage and paint color. The right questions can uncover hidden issues, protect your investment, and give you more confidence at every step.
Whether you’re touring homes, preparing an offer, or finalizing financing, here are the most important questions every first-time homebuyer should ask.
Before You Start House Hunting
1. What’s my realistic budget — including monthly costs?
Look beyond just your mortgage payment. Consider:
- Property taxes
- Homeowners insurance
- PMI (private mortgage insurance)
- HOA fees
- Utilities and maintenance
Tip: Use a calculator that includes these extras — and get pre-approved to understand your buying power.
2. How long do I plan to stay in this home?
If you’ll move in less than 5 years, renting might make more sense. But if you’re ready to put down roots, buying can build long-term wealth.
3. Do I qualify for any first-time buyer programs?
Ask your lender or agent about:
- Down payment assistance
- Low-interest loans
- State and local grants
- Special loan types like FHA or USDA
When You’re Touring Homes
4. What’s the neighborhood like — during the day and night?
Visit at different times. Talk to neighbors. Look at:
- Noise levels
- Parking
- Lighting
- Safety
5. Are there any major repairs or red flags?
Look for signs of:
- Foundation cracks
- Roof issues
- Mold or water damage
- Outdated plumbing or electrical
Tip: Don’t skip the inspection — even if the house looks perfect.
6. How old are the roof, HVAC, water heater, and appliances?
These big-ticket items have limited lifespans. Knowing their age helps you plan for future repairs or replacements.
Before Making an Offer
7. What’s the seller’s motivation?
Understanding why they’re selling can guide your negotiation. Are they:
- Relocating quickly?
- Selling as-is?
- Already under contract on another home?
8. How long has the home been on the market?
If it’s been sitting for a while, you may have room to negotiate price or repairs. If it just listed, be ready to act fast — or face a bidding war.
9. What’s included in the sale?
Ask about:
- Appliances
- Window treatments
- Smart home devices
- Garage fixtures or sheds
Get it in writing in the purchase contract.
During the Offer and Escrow Process
10. Can I afford the closing costs?
These typically run 2%–5% of the purchase price and cover:
- Appraisal
- Loan origination
- Title insurance
- Escrow fees
- Prepaid taxes and insurance
You can ask the seller to cover part, but don’t count on it.
11. What happens if the appraisal is low?
If the appraised value is less than your offer, you may need to:
- Renegotiate the price
- Pay the difference in cash
- Cancel the deal (if your contract allows)
12. What does my inspection cover — and what doesn’t it?
Most inspections include structure, electrical, HVAC, plumbing, and roof. But they often don’t cover:
- Septic or well systems
- Pools or hot tubs
- Pest or mold inspections
Ask what’s included and whether you need specialty inspections.
After You Close
13. What’s my plan for maintenance and repairs?
Set aside 1%–3% of the home’s value annually for upkeep. Consider:
- Home warranty (for peace of mind)
- Emergency fund for big repairs
- A checklist for seasonal maintenance
14. Do I know my local property taxes and utilities?
Ask your agent or seller for recent bills — especially if moving to a new city or climate. It’ll help you budget realistically.
15. Am I emotionally (not just financially) ready to be a homeowner?
Owning a home means responsibility, decisions, and unpredictability. It’s rewarding — but not stress-free. Be honest with yourself about your readiness.
Bottom Line
Smart buyers ask smart questions — and first-time buyers need them most. Surround yourself with a great team, do your research, and don’t be afraid to speak up if something doesn’t feel right.
Need help connecting with a real estate pro or lender who will guide you through it all? Contact us and we’ll match you with a local expert you can trust — no pressure, no spam, just support.