First Time Home Buyers

 If you're a first-time home buyer in Rhode Island, there are a few things you should expect when purchasing a house. One of the first steps is to get pre-approved for a mortgage, which involves providing documentation such as income statements, credit scores, and tax returns to a lender. This will help you determine how much house you can afford and give you a better understanding of your budget. In Rhode Island, there are many different types of mortgage programs available, so it's important to do your research and find the best fit for your needs.

Once you've been pre-approved for a mortgage, it's time to start searching for your dream home. Rhode Island has a diverse housing market, ranging from historic homes in Providence to beachfront properties in Newport. When looking for a house, it's important to consider factors such as location, size, and condition. You may want to work with a real estate agent who has experience in the Rhode Island market and can help guide you through the process. Once you find a home you love, you'll need to make an offer, which can involve negotiations with the seller. After your offer is accepted, you'll enter into a purchase and sale agreement, which outlines the terms of the sale. Finally, you'll go through a closing process, which involves signing documents and transferring ownership of the property.