10 burning questions every first-time home buyer asks

Buying a first home is one of life’s biggest milestones and one of its most nerve-wracking. From navigating mortgages to spotting hidden costs, many first-time buyers find themselves overwhelmed with questions.

To make the process less daunting, REMAX has identified the 10 most common questions new home buyers ask and what every buyer should know before signing on the dotted line.

“Purchasing your first home is exciting, but it can also be intimidating if you don’t know what to expect,” says Adrian Goslett, regional director and CEO of REMAX Southern Africa. “By understanding the questions most buyers have, you’ll feel more confident, informed, and prepared throughout the process.”

The Top 10 Questions:

1. How much can I really afford and what does “affordable” mean long-term? Affordability isn’t just about the bond repayment. Buyers should factor in interest rate changes, monthly maintenance, levies, insurance, and unexpected expenses.
2. How much deposit do I need and is bigger always better? Depending on your credit score and other factors, a deposit is not always a requirement. That being said, putting down a deposit upfront will reduce your long-term interest and give you stronger negotiating power.
3. What extra costs will I face besides the purchase price? Transfer duty, attorney fees, bond registration, and inspections by a private contractor (if you choose to have them) are the most obvious costs but don’t forget the possible costs like moving trucks, new furniture, renovations, or security upgrades.
4. Should I get pre-approved before I shop? Absolutely. Pre-approval not only confirms what you can afford but also positions you as a serious buyer, giving you an edge in negotiations.
5. Is this the right time to buy? The property market will always shift – and property prices increase annually, so delaying typically just means paying more for the same home at a later date. The more important question is whether you are financially ready now and have the stability to commit to a long-term investment.
6. How do I know I’m paying a fair price for this property? Don’t rely solely on the asking price. You could speak to your agent to find out what similar homes in the area have sold for.
7. What should I look out for during an inspection or viewing? Go beyond the cosmetic details. Ask about the age of the roof, plumbing, and wiring, and be alert for signs of damp or structural issues.
8. How long will the buying process take and what can delay it? On average, transfers take 2–3 months, but delays happen if paperwork isn’t in order or if bond approvals are slow. Staying organised can speed things up.
9. Is this a good investment for my future? Look beyond the home itself. Research the neighbourhood’s long-term potential, planned developments, and property value growth in the area.
10. Who should be on my team during this process? (Another overlooked one)A trusted agent is essential, and first-time buyers will also benefit from independent inspectors, bond originators, and financial planners who can safeguard their investment.

For many new buyers, the journey begins with excitement but quickly becomes clouded by uncertainty. Questions about affordability, legal requirements, and unexpected costs can leave people second-guessing their decisions. 

“Buying is about building security, stability, and a future,” adds Goslett. “With the right information at your fingertips, your first home can be a joyful experience, not a stressful one.”