Leave a Message

Thank you for your message. I will be in touch with you shortly.

First Time Homebuyer Checklist

March 16, 2025

 

1. Make Sure You Are Ready

  • You have stable employment
  • You are at a point in your life where you can see yourself in the same City/Town/Area for years
  • You understand the maintenance responsibilities of homeownership

2. Create Home Wish List

  • Determine what your “Must Haves” and “Nice to Haves” are
  • Determine what type of home you are interested in (condo? house? style?)
  • Determine what different areas you’d be willing to live in

3. Determine How Much You Can Afford to Spend

  • Reach out to reliable mortgage loan officer and see how much a bank will lend you for the purchase of your new home
  • Determine how much your costs would be in addition to your mortgage and interest (insurance? taxes?)
  • Determine what you should have for a new emergency fund

4. Gather Necessary Documents

  • Collect the documents needed to apply for a loan: paystubs, past tax filings, bank statements

5. Obtain A Mortgage Preapproval

  • After having discussions about your options, obtain a loan preapproval from a mortgage lender

6. Assemble Your Team

  • Find a real estate agent that listens to your goals, communicates well and who you can trust!
  • Determine if this agent has trusted options for inspectors, loan officers, and attorneys.

Recent Blog Posts

5 Things To Know About Burlington, MA
Burlington New Construction by the Numbers
How to Find the Right Neighborhood for You

This article will explain the things that you should be looking at in a neighborhood during the buying process.

5 Steps Smart Sellers Take to Generate Multiple Offers

Home sales (and values) have been on a strong uptick nationwide thanks to low interest rates.

First Time Homebuyer Checklist

Find a real estate agent that listens to your goals, communicates well and who you can trust!

View All

Real Estate with Integrity

Tom Sheehan blends his passion for the Greater Boston community with a commitment to providing exceptional real estate services, ensuring every client feels at home throughout their journey.

Let's Connect
GET IN TOUCH
CONTACT DETAILS

TOM SHEEHAN

(781) 363-9663

[email protected]



1100 Massachusetts Ave
Cambridge, MA 02138