Buying your first home in New York can feel overwhelming, especially if English is not your first language. This guide breaks the process into simple, manageable steps so you always know what comes next.
1. Get your finances ready
Before you look at listings, speak with a mortgage lender and get pre-approved. A pre-approval letter tells you your budget and shows sellers you are a serious buyer. In New York, you should also budget for closing costs, which typically range from 2% to 5% of the purchase price.
2. Choose the right neighborhood
New York is a city of neighborhoods, from Brooklyn brownstones to Queens family homes and Manhattan condos. Think about your commute, schools, and the lifestyle you want.
3. Work with a bilingual agent
A trusted agent translates every step, the paperwork, the numbers, and the negotiations, so nothing gets lost in translation.
4. Make an offer and close
Once you find the right home, your agent helps you make a competitive offer, navigate inspections, and reach the closing table.