Walter Davis · Houston-area home buyers

The Free First-Time Buyer Checklist

One step at a time, from your first questions to your first days at home.

Step 1. Know where you stand

Check your credit reports.
List your monthly income and debts.
Decide what monthly payment feels comfortable for you.
List what you want in a home: separate must-haves from nice-to-haves.
Pick your target areas: Spring, Conroe, Magnolia, Tomball, The Woodlands, Humble and New Caney.

Gather recent pay stubs, W-2s or tax returns, bank statements, ID and rental history.
Talk to a lender about your situation and the pre-approval process. Approval is not guaranteed.
Ask about down payment and closing cost assistance you may qualify for.
Avoid new debt or big purchases before closing.

Tour homes with a buyer’s agent.
For new construction, ask what incentives are offered and what conditions apply.
Ask what is included in the base price.
Ask which lender the builder prefers and what using that lender requires.
Ask about expected completion dates.
Ask about HOA fees and rules, and MUD district taxes that may apply.
Ask for warranty details, including what is covered and for how long.
Bring your own agent to the model home on your first visit.

Understand earnest money and when it may or may not be refundable under your contract.
Order an independent inspection, even on new construction.
Review the contract timelines and important deadlines with your agent.
Get homeowners insurance quotes.

Set a maintenance calendar for your home.
Save your warranty information where you can find it.
Check with your county appraisal district about a homestead exemption, eligibility and application requirements.

Tell Walter where you are in your home search and explore assistance that may be available to you.