First-time Homebuying 101

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Buying your first home will likely take seven major steps. See more real estate pictures.
Photo courtesy of California.gov

The upside of a housing-market crash? Prices fall, making it a great time to buy. Add to that the $8,000 tax rebate for first-time buyers, and lots of renters are looking to make the jump into home ownership.

It's not a simple process, but it's entirely doable with a little preparation. Start to finish, you're looking at about seven major points on your to-do list.

Where should you start when you're looking to buy your first home?