First-time buyer field guide

Know the trail before you take the first step.

Clear, Chattanooga-specific guidance for understanding what you can afford, who does what and what happens between “maybe someday” and getting the keys.

The full roadmap

Six stops on the way home

1

Roadmap consultation

Goals, timeline, needs versus wants and a comfortable housing budget.

2

Financing and preapproval

Loan choices, cash-to-close estimates and questions for potential lenders.

3

Search and home tours

Focused searches plus a practical checklist for condition, location and long-term fit.

4

Offer and contract

Price, contingencies, earnest money, due diligence and important deadlines.

5

Inspection and resolution

Review findings, prioritize concerns and discuss available options.

6

Final steps and closing

Appraisal, title work, final walkthrough, closing funds and getting the keys.

Plan beyond the down payment

The true cost of buying a home

Your lender and closing professionals will provide exact figures. These categories help you know what to ask about.

Before closing

  • Earnest money
  • Inspection fees
  • Appraisal, when charged separately

At closing

  • Down payment
  • Lender and title costs
  • Prepaid taxes and insurance

After move-in

  • Utilities and moving
  • Maintenance reserve
  • Immediate repairs or furnishings

Amounts and requirements vary by property, lender and transaction. Consult the appropriate licensed professional for financial, tax and legal advice.

Free buyer resource

Want the printable version?

Request Zaina’s first-time home buyer field guide with the roadmap, glossary, tour checklist and planning worksheets.

Request the Free Guide