First-Time Homebuyer Quiz: Are You Ready to Buy a Home in Hampton Roads?

Thinking about buying a home in Virginia Beach, Norfolk, Chesapeake, or anywhere in Hampton Roads? Take this quick quiz to find out how prepared you are for the mortgage process, budgeting, and the extra costs of homeownership.

1) Do you know your credit score and how it affects your mortgage?

  • A) Yes, I know it and it’s in good shape

  • B) Kind of, I have a rough idea

  • C) No, I have no clue

2) Have you been pre-approved for a mortgage?

  • A) Yes, already done

  • B) Not yet, but I plan to

  • C) No idea what pre-approval is

3) Do you know your total budget for buying a home, including down payment, closing costs, and monthly payments?

  • A) Yes, fully calculated

  • B) Somewhat, I have a rough estimate

  • C) No, I haven’t thought about it

4) Are you aware of additional costs like property taxes, homeowners insurance, HOA fees, and maintenance?

  • A) Yes, all accounted for

  • B) Somewhat, but I’m unsure about some

  • C) No, haven’t thought about it

5) Do you understand contingencies and their role in a purchase offer?

  • A) Yes, I know exactly

  • B) A little, could use guidance

  • C) No, I don’t know

Quiz Results

Mostly A’s: You’re ready! Let’s get started finding your home in Hampton Roads. Whether you’re looking in Virginia Beach, Norfolk, Chesapeake, or Suffolk, you’re in a great position to buy.

Mostly B’s: You’re close! You could benefit from attending a First-Time Homebuyer Class in Hampton Roads to fill in the gaps and feel confident before starting your home search.

Mostly C’s: No worries! Attending a First-Time Homebuyer’s Class in Virginia Beach or Norfolk is highly recommended before you start searching for a home. You’ll learn everything you need to know about mortgages, budgeting, and making a strong offer.

First Time Home Buyer's Class at Coalescence Coffee Company

Meet us at Coalescence Coffee Company in Norfolk for a morning of learning over coffee, bagels & fall baked goods! Sam Hill from Home Edge Funding and Molly Kiser from Shaheen Law will join Laura Blackwood and I to discuss homeownership steps and key insights!