Buyer's Guide

A Step-by-Step First Time Buyer's Guide

Buying a home is one of the most exciting milestones of your life. To prepare yourself for this moment, you need to know what to expect during the process. This step-by-step first time buyer’s guide created by our team will help reduce the stress of buying a home and help you enjoy the journey as much as possible.

A kitchen with a wooden floor, wooden cabinets, granite countertop, and large windows overlooking the outdoors.

Step 1: Research

Do you already know where you want to buy? If you want a condo, townhome, or single-family home? Which features do you like and dislike? What’s available on the market now? If you answered no to any of these questions, now is the time to start researching. In addition to looking for homes that interest you, also take note of any changes in asking prices. This could give you valuable insight into housing trends in specific neighborhoods and help you when the time comes to make an offer.

A front entryway of a house with white trim, stairs with black metal handles to the front door and rectangular windows.

Step 2: Decide on Your Budget

Notice we said to decide on your budget—not determine how much the mortgage company will give you. In many cases, a mortgage company will pre-approve you for more than you’re comfortable spending, which is why you need to determine the monthly payment you feel comfortable with before talking to a lender. This likely includes doing a full household budget and taking into consideration what changes other than a mortgage payment will occur once you move into your new home. If you’ve lived in an apartment or with roommates, you may overlook new expenses like garbage, water, or HOA fees that could easily blow your budget.

A modern farmhouse with an open floor plan, wooden floors, couches, a dining area, a kitchen, and a doorway to a patio.

Step 3: Get Prequalified

Just because you think you can afford a certain payment every month doesn’t mean the mortgage company will agree. Just as they may approve you for too large of an amount, they may also approve you for a lesser amount or deny you a mortgage altogether. Lack of time at a job, insufficient credit, past bankruptcies, or other financial issues can cause major problems when trying to secure a mortgage. Before you get your heart set on a home, talk to a mortgage professional to find out what amount you can qualify for. This will also be an advantage when you make an offer on a home, as some sellers won’t entertain offers from those who aren’t already prequalified for a loan.

A large house with a slate roof and a central entrance, a long driveway leading to the front door, and surrounded by trees.

Step 4: Choose a Real Estate Agent

Can you shop for, look at, and ultimately make an offer on a home without a real estate agent? Technically yes, but why would you when it costs you nothing for agents like us to take much of the stress off your shoulders? Not only will we help identify properties you might be interested in, arrange showings, and ultimately handle the offer process, but we also have knowledge of the market that you don’t possess. Finding the perfect home can be a daunting task, this is where our expertise and wealth of knowledge come into play. Let us show you around some homes that meet your dream home criteria so you can find the one that's right for you.

Our Goal Is to Provide You with The Most Personalized Service that Is Designed to Help You Buy Your Dream Home.

Schedule A Consultation
A modern kitchen with a hardwood floor, stainless steel appliances, cabinets, dining table and chairs, and pendant lights.

Step 5: Find the Right Home

This should be the most enjoyable step of the entire process (other than moving in!). We will arrange showings of homes you’re interested in that are within your price range. Take notes about what you like and don’t like, and make sure to pay attention to details. Turn light switches on and off, open and close doors, and run the faucets in various rooms. Don’t limit your inspection to the home itself. Make sure to take time to explore the neighborhood and keep an eye on traffic at certain times of the day, the parking situation, and how close it is to necessities like schools and grocery stores.

A bush with white flowers in front of a white building.

Step 6: Make an Offer

Once you have selected the perfect home, work with your agent to craft a fair offer based on the value of comparable homes on the market. Depending on what the home is listed at and whether the current environment is a buyer’s or seller’s market, your offer may be below, at, or even above the asking price. We will be able to help you negotiate if you receive a counteroffer and reach an agreement. At this point, the house will go into escrow.

A modern kitchen with a breakfast nook, wooden cabinets, stainless steel appliances, and a window on top of the sink.

Step 7: Have the Home Inspected

In most cases, your offer will be contingent on having the home inspected to ensure there is no major structural damage or large repairs needed. We can help you arrange this, and you can schedule it within days of making an offer. If there are no major issues, the process goes to step eight. If there is, you can renegotiate your offer based on what needs to be fixed, or you can withdraw it.

A white house with a brick walkway to the front door, dormer windows, and surrounded by mature trees and flowering shrubs.

Step 8: Select Your Loan

Now is the time to go back to the mortgage lender who pre-approved or pre-qualified you and choose your mortgage. You will be presented with various options based on your unique financial situation, including fixed-rate, variable-rate, 15-year, 30-year, or special programs such as VA loans or FHA loans. Work with your mortgage lender to select the option you feel the most comfortable with.

A living room with a large couch, coffee table, brick fireplace, wall-mounted television, and sliding glass doors to a patio.

Step 9: Get a Home Appraisal

Your lender will have your new home appraised so they have their independent value of it. The appraisal is to ensure that all parties involved are paying a fair price for the house.

A large white house with a slate roof, chimney, and long gravel driveway sits on a green lawn, surrounded by scattered trees.

Step 10: Finish Paperwork

No one looks forward to all the paperwork involved in buying a home, but it’s a necessary part of the process. Fortunately, everything will be arranged by your lender and title company and, when you’re finished, you’ll know you are the legal owner of your new home.


After signing the final paperwork to complete the purchase, you are now the owner of a new house. It may take a few days for your loan to be funded once the paperwork has been returned to the lender, but once that check is delivered to the seller, you’ll be all set to move into the home of your dreams. 



Candice & Luke

I was introduced to Ally Seder through a friend when we relocated to The Woodlands area. Immediately after the introduction, Ally called me personally to learn more about me and my family. By the time we started discussing prop...
Read More


Brent B.

Worked with Bill and Brett on purchasing my first home and had the best experience with them. Their attention to detail and excellent negotiation skills were instrumental in securing the best possible deal for us. We felt like ...
Read More


Eric P.

We retained Kaitlyn Arceneaux at the Mike Seder Group to act as our agent in multiple Woodlands real estate transactions over the last year. She's very responsive and detail-oriented. We felt comfortable with her guidance throu...
Read More


Mona S.

Mike Seder and the staff have been my realtor since I moved to Texas 13 years ago. On one occasion, his firm was juggling 3 transactions for us at the same time! I have worked with Mike personally, both his sons, and all of his...
Read More


Melissa S.

Amazing experience! Mike and Ally are both knowledgeable while providing a very personalized home buying and selling experience. They were there with assistance and advice every step of the way, from readying my house for listi...
Read More


Christopher S.

I highly recommend Mike Seder Group. We worked with Patrick Seder. Patrick secured the deal on our dream house. If you want to know that you are working with the best, you need to work with the Seder Group.
Read More

Work With Us

The Mike Seder Group, headquartered in The Woodlands, TX is here for all of your real estate needs Contact us today to get the process started.

Follow Me on Instagram