Rennova Real Estate

A Guide To Buying Your First Home

First Time
Home Buyers

why buy your own home

to Your
Own Home


Have a space that is solely your own

Loved Ones

Prioritize the needs of those closest yo uou


Control your future direction and security

Personal Expression

Display your unique personality

finalcial investment

Grow your assets and net worth


Reflect your efforts and success


Surround yourself with enhanced experiences


Be a part of a broader social group

property to buy
how to start

How To Kick Off the Homebuying Process

Buying a house can feel like a daunting task. It involves a lot of different factors, including everything from loan qualification and credit checks to appraisals, legal contracts, and more. It can all feel a little unapproachable, especially if you’ve never done it before. But it doesn’t have to be that way.
why buy your own home

Key Things
To Know When
Buying a Home

Acknowledge This Once-in-a-Lifetime Achievement

As you take the first steps on this journey, focus on the excitement you feel.

Homeownership changes lives – it’s that simple. It gives you more stability, more stake in the community, and a greater sense of pride and accomplishment.

Don’t worry – no one expects you to know everything about the process up front. Instead, focus on your homebuying goal and how achieving it will change your life.

Let the experts help you along the way with the finer details. Your job is to think about what you want, what you need, and who’s going to help you achieve your goal.

Build Your Knowledge and Your Team

When it comes to buying your first home, seeking out information about homeownership and the homebuying process is the first step. Before you can make one of the biggest and most impactful purchases of your life, you need to understand what it takes to become a homeowner and why homeownership is so worthwhile. That’s where the experts come in.

In this guide, you’ll find expert insights and research to help you learn how to get started, what you need to know, and what you can expect from the process. That way, you’ll have confidence as you take this important step forward.

Understand the Key Pieces of the Puzzle

Another thing to remember is that you may also need to overcome some of the hurdles that you feel are holding you back.

Any time you make a big life decision, it’s human nature to have concerns or look for reasons you’re not ready. In the rest of this guide, you’ll explore some of the main things that could be holding you back, including:

• Student Loan Debt
• Down Payments
• Beliefs on Renting vs. Buying

You’ll find out what’s true and what’s not. That way, if you’re on the fence about whether or not you want to buy, or you’re just kicking off your journey into homeownership, you’ll have the information you need to make an informed decision.

After all, you know friends who are buying houses, so why can’t you?

what to know

Key Terms To Know
When Buying a Home


A report highlighting the estimate value of the property completed by a qualified third party.

Pre-approved letter

A letter from a lender that shows what they are willing to lend you for your home loan.

closing costs

The fees required to complete the real estate transaction. Paid at closing..

Inspection Contingency

A provision ina contract requiring an inspection to be completed.

Credit Score

A number ranging from 300 -850 that's based on an analysis of your credit history.


A measure of whether someone earns enough to qualify for a loan on a typical home based on the most recent price, income, and mortgage rate data,

down payment

Down payments are typically 3.5-20% of the purchase price of the home. Some 0% down programs are also available

mortgage rate

The interest rate you pay to borrow money when buying a home.


The value of your home above the total amount of liens against your home.