Are you or your adulting children freaking out about the current residential market? Lately, I wake up wondering if my adulting kids will move back home to save money to purchase their first home or an RV. Or maybe we will be short-term landlords between selling and buying. Either way, I decided to calm my own mind to create a shortlist of strategies and tips for first-time home buyers. These tips apply to all home buyers.


I have three children and I have visions of my kids moving back home to save money to purchase their first homes.

tips for home buyers, tips for first time home buyers

Sidenote: This was our daughter’s first home. Her dad was the builder. Clearly, she was not happy with the walkthrough. I think she had a punch list for him. I wonder if that roof leaks?

Over the course of sleepless nights, crazy low inventory, and an uptick in mortgage rates I created a list of strategies for first-time and third-time home buyers.
These tips are great for homeowners who have not bought a house in ten years.

Strategies for first time home buyers
Strategies for home buyers.


  1. REMAIN CALM Take a breath. Use this time for more properties to come on the market. It will happen. The market always adjusts. Enjoy the luxury of no home ownership headaches as you get your ducks in a row.
Strategies for home buyers

2. INTEREST RATES I am not a lender. The key is to meet with a reputable lender and get your loan application documents in order.

Provide a conservative number for what you are prepared to spend in a monthly mortgage payment. I never want my buyers to keep inching up in price. If the home you want is not available in June it will be available as inventory picks up. Talk to your lender about fees and ways to lower your interest rate.

Avoid the temptation to look at homes on the high end of your budget.

Ideas for first time home buyers

Hopefully, as inventory picks, buyers will not feel the pressure to submit crazy over asking price offers, appraisal gap coverages, and offers to pay the sellers’ children’s first year of college tuition. The stories are crazy! And many are true.


I like to review a contract with my first-time home buyers and explain dates and deadlines and the section under additional provisions.

Make sure buyers understand what a post-occupancy agreement is and who typically pays this “rent back” after closing.


  • Narrow down the radius and/or the zipcodes of a search
  • Pay attention to the parks, shopping, lighting, sidewalks, light rail, weekend and weekday activity and traffic patterns.
  • Make the drive to and from the neighborhood to the office during commute times.
  • As you narrow your search drive the neighborhoods on the weekends
  • Are there pumpkins outside in the middle of March? Are there Christmas tree lights on the trees in April?
  • In full disclosure, we found a random strand of lights wedged in one of our trees.
  • What is the parking situation? Is there restrictive parking on certain days/months?
  • Pay attention to HOA fees and taxes in the listing description. Verify.
  • What does the HOA include?
  • How far is the commute to the airport (Uber + parking adds up).


Do your homework! Your lender will assist you with these anticipated and unanticipated expenses. It never fails-something breaks, leaks, or smells the day after the closing (despite the inspection).





TAXES (listed in the MLS)






Oh, moving back home with the ‘rents is usually met with dread for buyers. Believe it or not parents don’t always love sharing the couch after dinner.

Juggling leases, closing dates, seller rent backs make a move home a viable option.

And no you can not ask the sellers if you can stash your stuff in the garage. No! Buyers have no legal rights to a property before closing.

Here is the advantage to moving home for a wee little bit.

Save money.

This photo was on her daughter’s first day at a big 4 accounting firm. She saved most of her salary the year she lived at home. She used the time to study for her CPA too knowing her mom was making her amazing meals every night. ;0)

If you think this post would be helpful please share or pin the image below for reference. If you have questions I am happy to answer to the best of my ability. I am a licensed and practicing Realtor in the state of Colorado. You can read how this Realtor became a home decor blogger on the side in this interview.

I get to use both sides of my brain most days.

To sign up for tips, one-hour projects and seasonal decor you can sign up here.

Similar Posts


  1. These are great tips, Laura. I’m going to forward this to our son and new daughter-in-law who are searching for a home. It’s crazy out there. Your daughter!!! She’s one tough customer! xo

  2. These are all great tips for anyone!

Leave a Reply

Your email address will not be published. Required fields are marked *