info@storyhousere.com   |   (434) 260-1435
2110 Ivy Road   |   Charlottesville, VA 22903
facebook instagram
Story House Real Estate Story House Real Estate
Navigation
  • ABOUT US
    • Who We Are
    • Mission Statement
    • Our Philanthropy
    • Our Success Stories
      • Client Profiles
      • Client Testimonials
      • Press & Recognition
      • Our Sold Homes
    • Join Our Team
  • SELL A HOME
    • Find Your Home Worth
    • How We Sell
    • Seller Profile
    • Home Sale Calculator
  • BUY A HOME
    • Our 10 Step Process
      • Consult Your REALTOR®
      • Arrange Your Financing
      • Find Your Home
      • Prepare a Purchase Offer
      • Contract for Your Home
      • Conduct Inspections
      • Finalize Your Financing
      • Prepare for Settlement
    • Buyer Profile
    • Our Listings
    • Search All Active Listings
      • Search by County
      • Charlottesville Area Neighborhoods
    • Affordability Calculator
  • LET’S CONNECT

Tips for First Time Home Buyers

Being a first-time home buyer is tough. In addition to difficult language that’s sometimes hard to decipher, taking a deep dive into your finances that, in a way, can feel very invasive, and a fluctuating market that ebbs and flows depending on various factors, things can get complicated. If you’re thinking about starting the search to find your first home, browse all of our Tips for First-Time Home Buyers below and start the search off on the right foot!
Improve your Financial Literacy
Buying a home is likely the biggest and most significant financial decision that you will ever make. Though, initially, it can be scary to know you’re tacking on a good amount of debt, the benefits that accompany homeownership are overwhelmingly advantageous. For a first-time buyer, we recommend sharpening your financial literacy in order to best understand the home buying process. Know that there are resources available in the form of classes, webinars, online forums, etc. that will help guide and educate you that will make the choice to pursue homeownership feel less daunting and more like the smart decision that it is! Our agents are well versed in their financial literacy and are always happy to provide you with any and all resources should you wish to strengthen your financial literacy to prep for buying a home.
Get in Touch with a Realtor ASAP
We cannot stress this enough. Working with a Realtor as early as possible is the best way to set yourself up for success. Though we always advocate for our Story House agents, Charlottesville is blessed with talented and hardworking agents who are dedicated to helping all clients find their dream homes. Our agents at Story House will attest to the saying, “it’s never too early to get in touch with us.” Even if you’re a few years out from looking for a home and just want to see where you stand, or you have a short timeline and are looking for something quickly, we would love to help. At Story House, our clients are for life, meaning that before, during, and years and years (and years) after the transaction is complete, we will continue to check in, answer any questions you may have, keep you updated on your homes value, and always be there for any and all real estate needs. Working with Story House means that we hope to delight and surprise you throughout the entirety of our relationship, which, of course, we hope lasts forever.
Work with a Lender Early on 
The earlier, the better! Picture this: you decide you want to buy a home. The first thing you do is plug (what you believe to be) your ideal budget into Zillow and Realtor.com and fawn over all the beautiful houses that you see. Then, after working with a lender, they tell you that your budget is significantly less than what you’ve been browsing online. We don’t want this to happen to you. We want you to fall in love with homes that are only within your price range in order to avoid any heartbreak. We are here for you and know that we can find you a place to call home that checks all of your boxes while also honoring your budget and financial situation. Our agents will get you in touch with a lender who will assess your finances and determine what you can afford.
Time to Save!
Most people know that when you go to buy a house, you will most likely be required to pay a down payment. While lots of online resources will tell you that 20% is the standard, there are programs available today with options as low as 3-5% down to buy a home. No matter if it’s in your plan to save 3% or 20%, we recommend getting a head start by saving early and often. Consider tightening your budget and finding areas where you are able to eliminate some spending. As with most things in the home buying process, the earlier, the better. The sooner you start saving, the easier it will be to account for items associated with the buying process including, but not limited to, the down payment, any inspections, HOA fees, mortgage insurance, and any other general closing costs.
We hope these tips are helpful! We know the process can feel intimidating, which is why we’re by your side every step of the way to help alleviate any anxiety and answer any questions. For more Tips for First-Time Homebuyers, browse the entire First-Time Home Buyers category on our website. Get even more tips and advice by reading our “Where Do I Start?” blog, and educate yourself on these Common Home Buying Myths to stay in the know for when you’re ready to buy.

Posted on July 15, 2022

Categories

  • Achievements & Recognition
  • Affordability & Financing
  • Blog
  • Buying
  • Charlottesville Area
  • Charlottesville News
  • Charlottesville Real Estate
  • Choosing a Realtor
  • City of Charlottesville
  • Client Profiles
  • Client Testimonials
  • Community
  • First Time Homebuyer
  • Historic Charlottesville
  • Home Repair & Maintenance
  • Landscaping & Exterior
  • Lifestyle
  • Market Reports
  • National Real Estate
  • New Construction
  • Our Favorite Things
  • Real Estate 101
  • Real Estate News and Info
  • Selling
  • Short Sale & Foreclosure 101
  • Sold Homes
  • Staging to Sell
  • Uncategorized

Contact Us

    Subscribe to Newsletter
    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    View Instagram post by storyhousere

    Jul 15

    1 0
    Open post by storyhousere with ID 18086011669783913
    COMING SOON | 🏠 40 E Jack Jouett Road Louisa VA 23093 | MLS #666881 | $500,000 | 🛏️ 3 bed 🛁 2 full/1 half | 🎉 OPEN HOUSE Sunday, July 20th from 11 AM - 1 PM!

This thoughtfully renovated home offers modern comfort in a quiet Louisa County setting—perfectly positioned for an easy commute to bothCharlottesville and Richmond. Inside, you’ll find beautiful hardwood floors throughout and a stylishly updated kitchen with sleek finishes, ample storage, and room together. The spacious primary suite features double vanities and a walk-in closet, while a flexible main-level room easily serves as a 4th bedroom, home office, or home gym. And for pet lovers—the entire property is fully fenced, front and back!

 📩 Email showings@storyhouseRE.com with questions!

#Charlottesvillerealestate #StoryHouseRealEstate #StoryHouseRE #startyournextstory #comingsoon #Charlottesville #StartYourStoryWithUs
    View Instagram post by storyhousere

    Jul 11

    16 2
    Open post by storyhousere with ID 18092345524723074
    🚨 Welcome to REAL, Ryan! 🚨 

Please help me give a warm welcome to @ryanburksrealtor, one of the newest additions to our REAL family!

Ryan is a seasoned agent in Waynesboro, VA, with a background in homebuilding and a true heart for helping people navigate their real estate journey. We first connected at a conference years ago, and since then, Ryan’s been a familiar face—showing up to classes, webinars, and implementing what he’s learned. 🙌🏼

When he reached out recently for mentorship and alignment with REAL, I was deeply honored. It’s agents like Ryan—committed, community-driven, and collaborative—who are helping us grow something really special in the Shenandoah Valley and beyond.

✨ Stay tuned as we announce even more incredible agents joining our REAL crew this month!

Curious why so many top agents are making the move to @realbrokerage?
Wondering if now is the time to align with a modern brokerage model that actually works for you?

📩 DM me—I’d love to share more.

#WelcomeToREAL
#REALBrokerage
#CharlottesvilleRealEstate
#WaynesboroVA
#VirginiaRealtor
#TopAgentNetwork
#ModernBrokerage
#GrowWithREAL
#RealEstateNetwork
#WomenInRealEstate
#ShenandoahValleyHomes
#LeadershipInRealEstate
    View Instagram post by storyhousere

    Jul 11

    8 0
    Open post by storyhousere with ID 18065629291907063
    JUST LISTED | 🏠 824 Nassau Street Charlottesville VA 22902 | MLS #666775 | $299,000 | 🛏️ 4 bed 🛁 2 full bath | 🎉 OPEN HOUSE Saturday, July 12th from 11 AM - 1 PM!

This 4-bedroom, 2-bath attached home offers an open main level with a spacious kitchen and living area that’s perfect for entertaining. A convenient first-floor bedroom adds flexibility for guests, a home office, or multi-generational living. 

Upstairs, you'll find three additional bedrooms, a full bathroom, and a laundry room— 2 bedrooms have been freshly painted! Whether you’re looking to walk to your favorite Belmont restaurants or grab a quick coffee downtown, this location can’t
be beat. 

 📩 Email showings@storyhouseRE.com with questions!

 #Charlottesvillerealestate #StoryHouseRealEstate #StoryHouseRE #startyournextstory #comingsoon #Charlottesville #StartYourStoryWithUs
    View Instagram post by storyhousere

    Jul 8

    11 0
    Open post by storyhousere with ID 18080851942867429
    🏡 Just Hit the Market! ✨

Two stunning new listings, each with its own irresistible appeal, are now available!
Your next dream home might be one tour away. Let’s go see them!

JUST LISTED | 🏠 34 Zephyr Road Palmyra VA 22963 | MLS #666386 | $375,000 | 🛏️ 3 bed 🛁 2 full bath | 🎉 OPEN HOUSE Sunday, July 13th from 11 AM - 1 PM!

JUST LISTED | 🏠 2777 Peppervine Court Charlottesville VA 22911 | MLS #666469 | $725,000 | 🛏️ 5 bed 🛁 3 full/ 1 half bath | 🎉 OPEN HOUSE Saturday, July 12th from 12 PM - 2 PM!

📩 Email showings@storyhouseRE.com with questions!

 #Charlottesvillerealestate #StoryHouseRealEstate #StoryHouseRE #startyournextstory #comingsoon #Charlottesville #StartYourStoryWithUs
    View Instagram post by storyhousere

    Jul 4

    7 0
    Open post by storyhousere with ID 18049051490185821
    COMING SOON | 🏠 2777 Peppervine Court Charlottesville VA 22911 | MLS #666469 | $725,000 | 🛏️ 5 bed 🛁 3 full/ 1 half bath | 🎉 OPEN HOUSE Saturday, July 12th from 12 PM - 2 PM!

Located in the highly desirable FOREST LAKES SOUTH community, this 5-bedroom, 3.5-bath home is ideal for both everyday living and entertaining. The beautifully updated kitchen features RECYCLED GLASS Countertops, new CABINETS, SINK, BACKSPLASH, and APPLIANCES - all filled with NATURAL LIGHT and opening to the inviting family room. From there, step out to a lovely SCREENED-IN PORCH perfect for relaxing!

 A dedicated HOME OFFICE adds flexibility for remote work or study. Upstairs, you'll find a SPACIOUS PRIMARY SUITE with a PRIVATE BATH, THREE additional bedrooms, and a FULL hall bath. The FINISHED BASEMENT includes a 5th bedroom, a LARGE REC ROOM perfect for game nights or movie marathons, and a BONUS ROOM ideal for a gym, studio, or creative space. Enjoy peace of mind with a NEW ROOF (2021) Situated at the end of a quiet CUL-DE-SACand within WALKING DISTANCE to both the Elementary and Middle SCHOOLS, this home truly has it all!!

 📩 Email showings@storyhouseRE.com with questions!

#Charlottesvillerealestate #StoryHouseRealEstate #StoryHouseRE #startyournextstory #comingsoon #Charlottesville #StartYourStoryWithUs
    Story House Real Estate logo
    STORY HOUSE REAL ESTATE
    2110 Ivy Road
    Charlottesville, VA 22903
    Phone: (434) 260-1435
    facebook instagram
    LICENSED TO SELL REAL ESTATE IN THE COMMONWEALTH OF VIRGINIA
    REALTOR icon Equal Housing icon
    © 2025 Story House Real Estate. All Rights Reserved.