By David Parks · eXp Realty · The Apollo Group · 2 min read
First-time buyers should check their credit, save for a down payment and closing costs, get pre-approved, find an agent, and understand the contract deadlines. Taking each step in order makes the process far less stressful.
Review your credit reports, pay down high-balance debt if you can, and gather two years of tax returns, pay stubs, and bank statements. Decide on a monthly payment you are comfortable with, not just the maximum a lender approves.
A pre-approval from a lender shows sellers you are serious and tells you your price range. Compare at least two or three lenders, and look at the Loan Estimate for rate, fees, and cash needed to close.
Make a list of must-haves and nice-to-haves, tour homes, and compare. When you find one, your agent will help you write an offer and understand earnest money, deadlines, and contingencies.
Schedule the inspection, appraisal, homeowners insurance, and final loan documents. Do not make big purchases or open new credit lines until after closing.
Do a final walkthrough, review the closing disclosure, bring ID and funds, and sign. Then enjoy your keys.
This article is general information, not legal, tax, financial or inspection advice. Every home and situation is different, so confirm details with a licensed inspector, lender, attorney or tax professional.
David is a Greater Denver real estate advisor with eXp Realty and The Apollo Group (Colorado broker license FA100103211). He has closed more than $55 million in volume, earned eXp Icon status in 2025, and holds a 5.0 rating on Zillow from 27 verified reviews.
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