How to Buy Your First Home
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How to Buy Your First Home

A Basic Step-by-Step Guide for First Time Home Buyers
4.4 (19 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
340 students enrolled
Created by Regina P. Brown
Last updated 10/2014
Current price: $12 Original price: $95 Discount: 87% off
4 days left at this price!
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  • 5 hours on-demand video
  • 1 Article
  • 2 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion

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What Will I Learn?
  • Begin the process of buying your first home.
  • Prepare and track your family's monthly budget.
  • Eliminate consumer debt and access your credit report.
  • Get qualified for a mortgage loan.
  • Discover the benefits of home ownership.
  • Interview mortgage lenders to find the best one for you.
  • Find neighborhoods that suit your family best.
  • Hire a great REALTOR to work for you, often for free.
  • Find great bargain properties and view homes for sale.
  • Understand the difference between various types of properties.
  • Compare houses to find one that best meets your criteria.
  • Make an offer on a home that is competitive to beat out other buyers.
  • Understand items in the purchase contract.
  • Calculate your major closing costs.
  • Navigate the negotiation process with your agent.
  • Prepare for your move.
  • Review inspections, disclosures, and reports required in escrow.
  • Read and understand closing documents, including the title report and the HUD-1.
  • Follow up with your mortgage lender to ensure final loan approval.
  • Sign closing documents and pay closing costs.
  • Get the keys!
  • Move in.
View Curriculum
  • Have a dream of owning their own home
  • Willingness to learn
  • Notepad to take notes

We show you step by step how to find and purchase your family’s dream home. After completing this book, you will be prepared to get qualified and buy your own home with the help from your team of professionals, including your REALTOR® and mortgage lender. If your dream is go from renter to homeowner, you are in the right place. We will show you exactly how to get there.

Learn each of the 9 steps to go from renter to owner. Each step is broken down into easy-to-follow tasks. The steps are:

  • STEP 1: Prepare For Home Ownership
  • STEP 2: Get Ready to Shop for Houses
  • STEP 3: Find A House
  • STEP 4: Write Your Offer
  • STEP 5: Purchase Contract
  • STEP 6: Negotiations
  • STEP 7: Escrow Process
  • STEP 8: Closing Escrow
  • STEP 9: Your New Home

We included a 50-page workbook and 10 Supplementary Materials (sample documents for you to review and learn from). In addition, 6 bonus forms are available for your download free and we have included a link to 3 bonus spreadsheets.

Who is the target audience?
  • Renters who want to become home owners.
  • Families, singles, military, or anyone who wants to own their home.
  • Real estate agents, especially those new in the business.
  • People who want to retire financially free.
Compare to Other House Buying Courses
Curriculum For This Course
26 Lectures
Get Started Today
7 Lectures 01:40:57

Welcome to "Buy Your First Home: A Basic Step-by-Step Guide for First Time Home Buyers". We are going to show you how to go through each step to find and purchase your family’s dream home. After completing this book, you will be prepared to get qualified and buy your own home with the help from your team of professionals, including your REALTOR® and mortgage lender. If your dream is go from renter to homeowner, you are in the right place. We will show you exactly how to get there. Are you ready? Let's go!


Preview 10:31

Continued from Introduction (part A)

Introduction (continued)

5 questions

Now that we know home buying is a process, let’s get ready with the first step: preparing ourselves. In this section, you'll write down your financial goals, prepare your monthly budget, upgrade your credit score, eliminate consumer debt, save money, enroll in a home buying course (you're doing that now!), and change your mindset.

SUPPLEMENTARY MATERIAL included: Credit Report Sample

STEP 1: Prepare for Home Ownership

Continued from STEP 1: Homeowner Prep (part A)

Homeowner Prep (continued)

REVIEW Step 1: Homeowner Prep
5 questions

Are you ready to buy a house? It’s time to get excited! Let’s get ready to shop for houses. House shopping is the most exciting, and interesting, part of buying a house. In this step, our tasks will include: research neighborhoods, interview lenders, give docs to the lender, get qualified, calculate monthly payment, pre-approval letter, buyer-broker agreement, include decision makers, new listings on the market, drive by selected houses, and property types.

SUPPLEMENTARY MATERIAL included: 1003 Loan Application Sample

Preview 13:36

Continued from STEP 2: Get Ready (part A)

SUPPLEMENTARY MATERIALS included: Mortgage Payment Sample, Tax Savings Sample, & Prequal Letter Sample

Preview 13:16

Get Ready (continued C)

REVIEW Step 2: Get Ready
5 questions
House Shopping
4 Lectures 01:00:35

It is time to go house shopping! This is probably the most exciting part of buying a new home. Here is a preview of the tasks covered in this step: Drive by houses, Select houses to view, Bring your checkbook and POF, View inside of homes, Take notes, Can you take photos?, Number your favorites and Narrow your choices to 1 house.

STEP 3: Find Your Dream House

Continued from STEP 3: Find House (part A)

Find House (continued)

REVIEW Step 3: Find a House
5 questions

Now it is time to write up your offer. You are going back to your REALTOR’S® office and together you will decide what purchase price to offer. You will go back to the office with your agent and: Discuss the price and terms of your offer, Call the listing agent, View neighborhood comps, Write an offer, Prepare for inspections and negotiate the home warranty, and Sign the purchase offer.

STEP 4: Write Your Purchase Offer

Continued from STEP 4: Write Offer (part A)

SUPPLEMENTARY MATERIAL included: Home Warranty Brochure Sample

Write Offer (continued)

REVIEW: Step 4: Write Offer
5 questions
The Purchase Process
6 Lectures 01:13:34

Can you believe it? We are already at Step 5, the purchase contract! We are going to review some of the major items that will be included in the sales contract. Also, we are going to discuss the major closing costs that buyers may have to pay. Then we have a few tips that you can note for future. Remember that each state, county, and region has its own unique contracts and customary procedures, but the process is similar.

SUPPLEMENTARY MATERIALS included: Purchase Offer Sample

STEP 5: Purchase Contract & Closing Costs

Continuation of Purchase Contract (part A)

Purchase Contract (continued)

REVIEW: Step 5 Purchase Contract
5 questions

Now we are at the phase called “negotiations”. This is where the buyer and the seller finalize the purchase price, agree on all the terms of the offer, and prepare the transaction for closing. If there is any part of the home buying process that causes anxiety, it is often the negotiating step. Negotiation of price and terms on the purchase contract are aspects of the sale. Here are the tasks involved in this step: Negotiations, Counter offer, Negotiating process, Continue shopping, Further negotiations, Document review, Pack for your move, Keep a backup plan.

STEP 6: Negotiations with the Sellers

Continued from STEP 6: Negotiations (part A)

Negotiations (continued)

REVIEW: Step 6 Negotiations
5 questions

Let’s discuss the escrow process and the steps involved. Escrow steps typically happen in this order: Open escrow, Home inspection and reports, Order appraisal, Sign disclosures, Review title report, Get home insurance, Final loan approval, Plan your moving date. Let's review each of these items one at a time.

SUPPLEMENTARY MATERIALS included: Escrow Flowchart, Statement of Identity, Home Inspection Sample, Pest Report Sample, Appraisal Sample

STEP 7: The Escrow & Loan Process

Continued from Escrow Process (part A)

SUPPLEMENTARY MATERIAL included: Title Report Sample

Escrow Process (continued)

REVIEW: Step 7 Escrow Process
5 questions
Get Your Keys!
6 Lectures 01:13:44

We are nearing the end of our home buying process. Once you know that your home purchase is going to close, there are things you will need to do and some things you should NOT do. We will discuss how to find services in your new neighborhood, and what NOT to buy before close of escrow. You have wrapped up the final details for the close of escrow, signed your loan documents, paid your final closing costs, and have received keys to your new home. Here is what we’re going to do next: Find neighborhood services and change your mailing address, Don’t buy new furniture, Inspect the house, Review closing documents, Review loan docs, Sign loan docs, Pay your closing costs, Wire loan funds, Get utilities connected, Pick up your keys.

SUPPLEMENTARY MATERIALS included: Title Vesting Sample, Closing Statement Sample, HUD-1 Sample

STEP 8: Closing Escrow & Getting Your Keys

Continued from STEP 8: Closing Escrow (part A)

Closing Escrow (continued)

REVIEW: Step 8 Closing Escrow
5 questions

Now you have your new home and it is all yours. Congratulations! This is a very exciting day, but there are a few more things we need to take care of first. In this step we are going to talk about moving into your home, showing thanks to your vendors, how to take care of your new home, and, most importantly, financial management. This step has many little tips to help finish the process of home purchase and get you started on the right path of being a terrific homeowner.

STEP 9: Moving into Your New Home

Continued from STEP 9: Your New Home (part A)

Your New Home (continued)

REVIEW: Step 9 Your New Home
5 questions

Well, we are nearing the end of our course for first-time homebuyers. By now, I’m sure your head is spinning with great information. You learned about the 9 steps to follow to buy your first home and become a home owner. So what is next? Let’s keep the momentum going by taking action today.

Conclusion & ACTION Steps

Continued from Conclusion (part A)

Conclusion (continued)

REVIEW: Conclusion & ACTION Steps
5 questions
Bonus Material
3 Lectures 00:19

Forms included as a bonus, just download for your convenience.

Forms to Download
11 pages

Glossary of Terms
17 pages

Besides the PDF forms you downloaded above, we have 3 Excel spreadsheets available for you. Budget Basics, Budget Sample, and Rent vs. Own Calculation are available FREE on our web site, - simply click the "Resources" tab. We could not include these 3 resources here because Udemy only allows PDF documents.

More Bonus Materials
About the Instructor
Regina P. Brown
4.2 Average rating
29 Reviews
927 Students
4 Courses
Instructor / Author / Trainer

Regina P. Brown, a leader in her community, is a licensed Real Estate Broker in California since 1988. Her passion is helping families create a legacy through financial education. She offers real estate seminars and consults extensively with clients one-on-one. She's experienced 2 full real estate economic cycles and has successfully solved many challenging situations.

Ms. Brown is a strong advocate for families, consumers, and her clients. Her mission is to:
· Raise the bar for real estate and mortgage industry professionals
· Educate consumers, be an advocate, and help bring positive change to our economic system
· Assist families to increase their financial knowledge, economic independence, and wealth freedom through individual counseling and published resources

Educated with a degree in each Real Estate and Small Business Management, and armed with a Technical Writing Certificate, Ms. Brown uses her skills to advise her clients; but also as a contributor to the community and professional associations. Her experience includes Habitat for Humanity board member and volunteer, ePro Realtor® certification, active member and participant with the local Realtor® Association, and leadership roles.

Ms. Brown attends continuing education classes and stays abreast of the ever-changing real estate industry. She is trained as a Loss Mitigation Consultant. She also teaches a seminars to real estate agents. Ms. Brown looks forward to helping shape the future of the real estate industry and American family economics. Thank you for the opportunity to serve you!