Your First Home: The 7 Steps to a Smooth Closing

Introduction: Welcome to the Journey to Homeownership

​The feeling of stepping into a home that's truly yours is unlike any other. It's the culmination of hard work, saving, and dreaming. But between the dream and the reality lies a process that can feel daunting, especially for first-time buyers, military members on the move, or renters who are ready to make the leap. The good news? It doesn't have to be.

​My name is Shawn Baker, and as a real estate agent specializing in helping people just like you, I've guided countless families through the journey to homeownership here in San Antonio. I've seen the questions, the concerns, and the moments of excitement. That's why I've created this comprehensive guide: to demystify the home-buying process and equip you with the knowledge you need for a smooth and stress-free closing.

​Whether you're a military family PCSing to Joint Base San Antonio, a San Antonio renter tired of paying someone else's mortgage, or a young professional ready for your first home, this guide is for you. Let's walk through the seven essential steps to getting the keys in your hand.

​Step 1: Financial Housekeeping (Long Before You Start Shopping)

​Before you even start scrolling through online listings, the first step is to get your financial house in order. This isn't just about having money in the bank; it's about making yourself an attractive candidate to lenders.

• ​Review Your Credit Score: Your credit score is a major factor in determining your mortgage interest rate. Pull your credit reports from all three major bureaus (Equifax, Experian, TransUnion) to check for any errors. Aim for a score above 620, but remember that higher scores can unlock better rates.
• ​Create a Budget: Look at your income and expenses to determine what you can realistically afford for a monthly mortgage payment. Don't forget to account for potential property taxes, homeowners insurance, and HOA fees in your San Antonio neighborhood of choice.
• ​Gather Your Documents: Lenders will want to see a clear financial picture. Start gathering your pay stubs, W-2s, bank statements, and tax returns now to save time later.

​CTA #1: Ready to get your finances in shape for homeownership? Download our free "First-Time Buyer Financial Checklist" to get started on the right foot!

​Step 2: Get Pre-Approved for a Mortgage

​This is a crucial step that many first-timers skip, and it can put you at a disadvantage. Getting pre-approved means a lender has reviewed your financial information and has conditionally agreed to lend you a specific amount of money.

• ​Why It Matters: A pre-approval letter shows sellers that you are a serious and qualified buyer. In a competitive market, this can be the difference between your offer being accepted or rejected. It also helps you set a realistic price range for your home search.
• ​Special Note for Military Families: If you're using a VA loan, the process is similar. A lender will pre-approve you based on your Certificate of Eligibility (COE) and financial standing. The VA loan is an incredible benefit with no down payment requirement, and I have extensive experience helping military families maximize this advantage.

​Step 3: Partner with a Local Real Estate Agent

​Working with a knowledgeable real estate agent is essential, especially in a unique market like San Antonio. A great agent is your advocate, your guide, and your expert.

• ​Look for Expertise: Find an agent who specializes in your specific needs. As a professional who focuses on first-time buyers, military families, and renters, I understand your unique challenges and goals.
• ​Neighborhood Knowledge: I can help you find the perfect San Antonio neighborhood, whether you're looking for top-rated schools, a short commute to the base, or a vibrant community feel.
• ​Negotiation Skills: Your agent will represent you in negotiations with the seller, helping you get the best possible price and terms.

​CTA #2: Ready to find your perfect home in San Antonio? Let's talk! Contact me today to schedule a no-obligation consultation to discuss your home-buying goals.

​Step 4: The Home Search and Making an Offer

​This is the fun part! You've got your pre-approval, and now you can confidently begin your search.

• ​Define Your Must-Haves vs. Nice-to-Haves: Make a list of your priorities. Is a big backyard for the kids a must-have? Is a home office a nice-to-have? This will help you narrow down your search.
• ​Making a Competitive Offer: When you find "the one," your agent will help you craft a compelling offer. This includes the purchase price, but can also include contingencies (like a home inspection or appraisal) and the proposed closing date.

​Step 5: The Offer is Accepted – Now What?

​Congratulations, your offer was accepted! The race to closing begins. This is where the real work happens behind the scenes.

• ​The Home Inspection: I will help you schedule a professional home inspection. This is a critical step to uncover any major issues with the property's structure, systems (HVAC, plumbing, electrical), and more.
• ​The Appraisal: If you're getting a mortgage, your lender will order an appraisal to ensure the home's value is at least equal to the purchase price. This protects both you and the lender.

​Step 6: Finalizing the Loan and Clearing Contingencies

​Your lender will be working to finalize your loan application. This is a time to be patient and responsive.

• ​Provide Any Requested Documents: Be prepared to provide additional paperwork as requested.
• ​Clear Contingencies: Once the inspection and appraisal are complete and any issues have been addressed, you will formally clear these contingencies, moving one step closer to closing.

​Step 7: The Final Walkthrough and Closing Day

​You're at the finish line! The final walkthrough is your last chance to inspect the home before you sign the papers.

• ​Final Walkthrough: Make sure the home is in the condition you agreed to. Check that all appliances are working and that any agreed-upon repairs have been completed.
• ​Closing Day: This is the big day! You'll meet at a title company or attorney's office to sign a mountain of paperwork. Bring a valid ID and a cashier's check for your down payment and closing costs.

​Conclusion: Your Homeownership Story Starts Now

​The path to homeownership is a journey, not a sprint. By following these seven steps, you're not just buying a house—you're making a smart, informed investment in your future. It's a journey filled with opportunities and milestones, and I'm here to help you navigate every one of them.

​Whether you’re in the early stages of planning or ready to make an offer, having an expert by your side makes all the difference. As a local San Antonio real estate agent, I am dedicated to making your home-buying experience as seamless and enjoyable as possible.

​Final CTA: Don't go it alone! Let's build your home-buying game plan together. Contact me today to schedule a free consultation and take the first step toward finding your dream home in San Antonio.