So you want to buy a house?

Buying a home is no small feat, but once the final closing papers are signed, it's one of the best feelings to know the process is complete.

Northwest Realty Group real estate agent Laurel Jonas shared some insight for those who wish to reach this milestone, which can often be a daunting task.

“I recommend they sit down with a real estate agent before they even talk to a lender," she said.

It's important to know the timeframe and the amount of money needed for a down payment.

"Once that's established and they’re wanting to purchase, then I have them meet with a lender, someone I recommend just because I can find a good fit for them," Jonas said.

Buyers will go through the pre-qualification process, "making sure everyone’s on the same page as the lender as far as timeframe, closing costs, knowing what the budget is so we can do things seamlessly," she said. 

Veterans Affairs benefits can be applied to buyers who have served in the military. First-time buyers who qualify have access to Federal Housing Administration loans, which can bring down payments down to as little as 3.5%. Conventional loans are available as well as financial gifts from family members who are able to contribute.

“There are a lot of options out there, especially for first-time homebuyers for help with the down payment if they don’t have it,” Jonas said. “It's not that stark 20% that people are used to."

The current market is seeing a lot more negotiations, such as sellers who are willing to pay closing costs, she said.

"It's not what it was in 2022," she said. "The buyer has a lot more options."

Lenders can analyze credit scores to help potential buyers understand where they can improve, which aids in procuring a better interest rate.

“It feels like buyers have some time," Jonas said. "A couple years ago, you were looking at houses with 20 other people and you had to write an offer right then and there. Now you can soak it all in."

According to a recent smartasset.com study, Kootenai County ranked among the most expensive places in Idaho for financing a home.

However, it's not impossible to do. Jonas has shared a wealth of information on her website, 208homesforsale.com, where people can learn about all aspects of the process, from submitting an offer to property inspection.

"It's a fun experience and super exciting to purchase your first home," she said.