5 essential tips for first-time homebuyers

Buying your first home can be exciting yet overwhelming. Start by developing a budget and getting pre-approved for a mortgage, which helps determine how much you can borrow. Aim for housing costs around 28-30% of your gross income and consider closing costs. When house hunting, prioritize must-haves over nice-to-haves and pay attention to the property's condition. Once you find a home, be prepared for negotiations and the closing process, where you'll sign documents and receive your keys. Stay organized and communicate openly throughout the journey.