05-24-2024, 05:28 PM
First-time homebuyers should get pre-approved for a mortgage to understand their budget, save for a down payment (aim for 20% to avoid private mortgage insurance), and research neighborhoods for safety and amenities. For instance, checking schools in an area like Palo Alto, CA, or proximity to public transport in Brooklyn, NY, can impact long-term satisfaction. Additionally, hire a reputable real estate agent for guidance through the process.