There’s nothing quite like the feeling of buying your first home. It’s exciting, a little intimidating, and full of decisions that can shape your future. Whether you’re just starting to think about homeownership in Skowhegan or you’re ready to make a move, knowing where to begin can make all the difference.
This guide breaks down the very first steps of buying a home here in Somerset County. No fluff, no fancy lingo, just real advice from someone who lives and works right here in Skowhegan.
Step 1: Ask Yourself — Am I Really Ready?
Before you fall in love with listings or start scrolling Zillow at 2 a.m., take a moment and check in with yourself.
Are you financially ready?
Do you have a steady income?
Have you saved for a down payment and closing costs?
Is your debt level manageable?
Do you know your credit score?
Being financially stable will make the process much smoother (and a lot less stressful).
Are you personally ready?
Do you plan to stay in Skowhegan or Central Maine for the next few years?
Are you prepared for the upkeep that comes with owning a home?
Are you genuinely excited — not pressured — to buy?
If you answered “yes” to most of these, you’re probably ready to take the next step.
Step 2: Know What You Can Afford
This isn’t just about the listing price — there’s more to the equation.
Consider:
Your monthly income
Existing debts (car payments, student loans, etc.)
Down payment (3%–20% of the purchase price)
Monthly mortgage payment (including taxes and insurance)
Closing costs (2%–5% of the purchase price)
Ongoing expenses like maintenance, utilities, or HOA fees
A mortgage calculator can give you a ballpark figure, but talking to a lender will give you a clearer picture. And if you’re not sure where to start, I can connect you with trusted local lenders here in Skowhegan.
Step 3: Check Your Credit
Your credit score can impact the loan you qualify for and the interest rate you’ll receive. A few points higher or lower can make a big difference over the life of your loan.
You can get a free report at AnnualCreditReport.com. If your score needs a boost, start now: pay down credit cards, make on-time payments, and avoid new debt before applying.
Step 4: Get Pre-Approved
Pre-approval from a lender shows sellers you’re serious and lets you shop within your true budget.
Benefits of pre-approval:
Know exactly what price range to look in
Sellers take your offer more seriously
The process moves faster once you find “the one”
Step 5: Find the Right Real Estate Agent
This is where I come in. As a Skowhegan-based Realtor, I know the local neighborhoods, school districts, and market trends better than anyone. I’ll guide you through the search, negotiate on your behalf, and help you avoid costly mistakes.
Step 6: Start House Hunting
Before you jump in, make a list of must-haves and nice-to-haves — location, number of bedrooms, yard size, and anything else that matters to you. In Skowhegan, you’ll find everything from historic in-town homes to rural properties with acreage.
Step 7: Be Patient, Stay Organized
Some buyers find a home right away; others take months. Keep track of the properties you’ve seen, stay in regular contact with your agent, and be ready to move quickly when the right one appears — especially in today’s competitive Central Maine market.
Final Thoughts
Buying your first home in Skowhegan isn’t just about the transaction — it’s about building a future here. By getting financially ready, connecting with a lender, and working with a local Realtor who knows the market, you’ll set yourself up for success.
