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 your agent will help reduce the stress of buying a home and help you enjoy the journey as much as possible.

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Step 1: Research

Do you already know where you want to buy? Do 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 aren't quite sure of your answers to these questions, then now is the time to start researching. I can help you pinpoint neighborhoods, weather pockets, school districts, downtown activity, and communities that appeal to your specific needs. This provides valuable insight into the housing trends in your targeted neighborhoods and will help when the time comes to make an offer.

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Step 2: Decide on Your Budget

Notice I 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 are a first-time home buyer, there will be new expenses like insurance, property taxes, garbage, water, or HOA fees that could impact your budget.

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Step 3: Get Prequalified

Before you get your heart set on your perfect dream home, it is important to speak with a mortgage professional to see what you are actually qualified to purchase. In Marin County's strong real estate market, it is important to have all your ducks in a row so we can hit the ground running and ultimately present the strongest offer. I am connected with knowledgeable mortgage professionals who will assist you in getting preapproved or fully underwritten with a lender. We can help you even if there has been a history of: lack of time at a job, insufficient credit, past bankruptcies, or other financial issues. Talking to a mortgage professional to find out what amount you will qualify for allows us two important things: 1.) We save time in searching for you home, and 2.) We can present a strong offer with the highest chance of acceptance.

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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 you can, but having a professional real estate agent like me costs you nothing and will take most of the stress off your shoulders. I will help identify properties in which you might be interested, arrange showings, and ultimately handle the offer process. I have great, up-to-date knowledge of the Marin County real estate market. I may be able to suggest hidden gems and will give you pointers to help find your dream home for the right price. Being with Coldwell Banker Greenbrae, (Marin County's #1 Top Producing brokerage) and having over 150 agents in my office grants me access to the best networking system in all of Marin County real estate.

My goal is to provide you with the most personalized service that is designed to help you buy your dream home.

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Step 5: Find the Right Home

Shopping for a new home can be the most enjoyable step of the entire process for some people.... and for others, not so much. That's okay! I can research properties for and/or with you to help narrow the field. I will also arrange showings of these homes so you can see them in person. I am happy to conduct video tours if you live far away, don't have the time, or prefer to have something to rewatch. When touring a home in person, feel and breathe the space. Don’t limit your inspection to the home itself. Make sure to take time to explore the surrounding neighborhood. 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. Take notes about what you like and dislike because it helps me gain a better understanding of your dream home so I can pinpoint our search more accurately.

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Step 6: Make an Offer

Once you have selected the perfect home, we will craft a fair and competitive offer based on the value of comparable homes on the market. Depending on the home's listing price 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. I am here to provide current market expertise so you can make a purchase offer that is competitive and you feel comfortable with. I am here to help you negotiate during the purchase agreement process. Once your contract is accepted and ratified, the house will go into escrow.

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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. I am here to help you arrange this, and we can schedule it within days of making an offer. If there are no major issues, the process goes to step eight. If there are major issues you are not comfortable with, we can re-negotiate your offer based on what needs to be fixed, or you can withdraw it.

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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.

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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.

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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.

Congratulations!

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. 

My Testimonials

See why my clients love working with me.

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Alexander James Ambrosi

It was great working with Erin. Not only was the process fun, she knew when to encourage, when to hold fast and when to make a move to meet the goals we had. It was a great win all around and I would recommend her without hesit...
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Lindsay K

Erin makes home buying simple! She is such an incredible resource with a wealth of knowledge about Marin real estate. You can count on her to listen to your needs and exceed your expectations. When my husband and I were looking...
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Fiona D.

Erin was an extraordinary helpful in the purchase of our new home. She was so professional and fastidious that we really felt we were taken care of. From making sure all the documents were in order to introducing us around the ...
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Mary & Scott

We highly recommend Erin! We were looking for a home and were fortunate enough to meet her at an open house. The market was very competitive, but she was able to show us homes that were not yet on the MLS and alerted us immed...
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Stephen & Hannah

Erin represented us as we sought to buy our first home in Marin. Her depth of knowledge of the area and proactivity were immeasurably helpful in finding opportunities that met our needs and budget. She did a great job showing u...
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Ray & Mardi

Erin was a pure joy to work with as our listing agent. She was a great communicator and her suggestions of improvements to get our place ready to sell were spot on. Her knowledge of the local market and current trends helped us...
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Nicole V.

Erin Farber made everything so easy for myself as a first-time home buyer. Erin listened to all of my wants and got me the best place. She helped me get pre-approved and found me a few lenders to choose from. I was very happy ...
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Mark Vallee & The Vallee Family Trust

Erin Farber was essential to the success of my siblings and I selling our beloved family home after our parents passed away. It was a trustee sale which none of us had experience with, and Erin immediately knew what to do in al...
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Sherri K.

Erin helped us buy our new home in Novato in December 2024, and she has been terrific helping us with every detail of the transaction, including by negotiating a great deal. In fact, she is still my go-to for insider knowledge ...
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Erin B.

Working with Erin has been an absolute pleasure. Erin combines honesty with a work ethic that’s second to none. She takes the time to understand your needs, always offering trustworthy advice and guidance, which made me feel su...
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Lisa P.

Erin is a fantastic real estate agent. She’s incredibly knowledgeable, honest, friendly and she really cares about her clients’ needs. She is our go to person for questions about real estate, home improvement, and equity. If yo...
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Tom & Joy Jow

We cannot express how grateful we are for the outstanding service provided by Erin. From the very first interaction, it was clear that we were in expert hands. Erin went above and beyond to make my real estate experience seamle...
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Work With Erin

Erin's primary objective in being a real estate sales associate is to conduct business with the highest level of integrity. As with teaching, in her real estate practice Erin continues to uphold a fiduciary duty to her clients, putting their goals, dreams, and needs above all else.

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