The Step-by-Step of Buying Your First Home

Buying your first home is exciting—but let’s be honest, it can also feel overwhelming. Between mortgage terms, bidding wars, inspections, and escrow timelines, many first-time buyers don’t know where to start. If you’ve ever thought, “I want to buy, but I don’t know how this works,” you’re not alone. The good news? You don’t have to figure it out alone. I help first-time homebuyers across Menlo Park, Palo Alto, and San Mateo County break down the process, build a winning strategy, and find the home that fits both their life and their finances.

Here’s the step-by-step process I walk through with my clients:

Step 1: Get clear on your budget
Before you browse listings, you’ll want to know what you can comfortably afford. That means talking to a lender, checking your credit, understanding your monthly payment range, and getting pre-approved. This step gives you a competitive edge when it’s time to write an offer—and helps you avoid falling in love with homes out of reach.

Step 2: Define your must-haves vs. nice-to-haves
We’ll narrow down the neighborhoods, home types, school districts, commute preferences, and non-negotiables that truly matter. This clarity speeds up your search and keeps you focused on what really fits your lifestyle.

Step 3: Start touring homes
Now the fun begins. I’ll schedule showings, send hand-picked listings, and guide you through what to look for—beyond just curb appeal. We’ll talk about layout, light, resale potential, and red flags so you can make informed choices.

Step 4: Make an offer
Once you’ve found the right home, I’ll help you craft a strong, strategic offer based on market data, seller motivation, and competitive positioning. This includes negotiating price, terms, and contingencies that protect your interests.

Step 5: Escrow, inspections, and loan approval
This is where most buyers feel overwhelmed—but I’ve got you. I’ll coordinate inspections, manage timelines, communicate with your lender and escrow officer, and keep you updated every step of the way. My job is to handle the moving parts so you can stay focused and excited.

Step 6: Closing day and keys
Once your loan is funded and the paperwork is signed, it’s time to get your keys and celebrate—because you’re officially a homeowner.

Buying your first home doesn’t have to feel confusing. With the right guide, it becomes a step-by-step journey with clear direction, smart decisions, and support at every turn. I’ve helped dozens of first-time buyers in competitive markets win homes they love without overpaying or overextending themselves. You deserve that kind of clarity, too.

Call (650) 668-1868 or email lisa.lum@cbrealty.com to schedule your first-time buyer consultation. I’ll walk you through every step, connect you with trusted lenders, and help you start your homeownership journey with confidence and calm.

Let’s make this the year you stop renting and start building a future of your own.