What First-Time Buyers Need to Know Before Fall Market Kicks Off

by Leah Jespersen

What First-Time Buyers Need to Know Before Fall Market Kicks Off

Buying your first home is exciting—but it can also feel overwhelming, especially with the busy fall market around the corner. If you’re currently renting or considering taking the leap into homeownership, now is the perfect time to prepare. Here’s what every first-time buyer should know before the season heats up.

💰 1. Get Your Finances in Order Early

Before you start browsing homes, get clear on what you can afford.

Loan Pre-Approval Is a Must
A mortgage pre-approval not only gives you a realistic budget—it shows sellers you’re a serious, qualified buyer. It’s your first step toward competitive house hunting.
Explore First-Time Buyer Grants
Many state and federal programs offer financial assistance, down payment help, or tax credits specifically for first-time buyers. Your agent or lender can help you find options that fit your situation.
Make a Realistic Budget
Factor in more than just the home price—think about closing costs, property taxes, insurance, and monthly maintenance. Being prepared helps you avoid surprises later.

🧭 2. Work with the Right Agent

Having an experienced real estate agent by your side is one of the most valuable things you can do as a first-time buyer.

Look for a Local Pro
A neighborhood-savvy agent can guide you through competitive pricing, school districts, and upcoming developments you might not find online.
Lean on Their Network
From lenders to inspectors, a great agent can connect you with trusted professionals and help streamline every step of the process.
Ask Questions Early
Don’t be afraid to ask about the offer process, contingencies, or how to stand out in a multiple-offer situation. That’s what your agent is there for.

🎯 3. Set Expectations—and Stay Flexible

While it’s important to know your must-haves, keeping an open mind is just as crucial.

Inventory May Be Limited
Fall is an active time in the real estate market, but homes can still sell quickly. Be prepared to move fast when you find the right one.
Focus on Potential
A home might not check every box, but small updates can go a long way. Look for homes that meet your biggest priorities—location, layout, and condition.
Be Patient
It might take a few tries before your offer is accepted, and that’s okay. Stay positive, trust your agent, and keep your long-term goals in focus.

🎓 Final Advice

Becoming a homeowner is a major milestone—and with the right prep, guidance, and mindset, it’s completely within reach. If you’re ready to explore your options this fall, start by connecting with a Coldwell Banker Hearthside agent who knows how to guide first-time buyers every step of the way.

🔗 Find an Agent or Explore Homes Now at CBHRE.com