🏡 The Ultimate Guide to First-Time Home Buying in Daly City

Ready to Buy Your First Home in Daly City? Let’s Break It Down

Taking the leap into homeownership is a big decision—especially in a competitive and dynamic market like Daly City, CA. Just south of San Francisco, Daly City offers suburban convenience, diverse communities, and strong long-term value.

If you're wondering where to begin, this guide is for you. From understanding mortgage options to choosing the right neighborhood, this step-by-step guide will walk you through the essentials—with insights tailored for Daly City’s real estate market in 2025.

🔍 Step 1: Understand the Daly City Real Estate Market

In 2025, Daly City remains one of the most attractive entry points for Bay Area buyers.

• Median home price (Q2 2025): ~$995,000

• Popular property types: Single-family homes, townhomes, condos

• Best neighborhoods for first-time buyers: Serramonte, Hillside, Crocker, Southern Hills

Why it matters: Knowing the local market helps set realistic expectations for your budget and lifestyle needs.

💰 Step 2: Get Pre-Approved for a Mortgage

Getting pre-approved before home shopping shows sellers you’re serious and gives you a clear idea of your buying power.

What to do:

• Check your credit score

• Gather income & tax documentation

• Compare rates from multiple lenders

• Ask about first-time buyer loan programs

🏦 Step 3: Explore First-Time Buyer Programs in California

Take advantage of financial assistance programs to reduce your upfront costs:

🔹 CalHFA First-Time Homebuyer Programs

• Down payment and closing cost assistance

• MyHome Assistance Program for qualified borrowers

🔹 GSFA Platinum Program

• Available for FHA, VA, USDA, and conventional loans

• Helps cover down payment and closing costs

🔹 Local Programs in Daly City & San Mateo County

• Occasionally offered through city partnerships or redevelopment funds

Why it matters: These programs can help make homeownership more affordable and accessible.

📍 Step 4: Choose the Right Daly City Neighborhood

Each neighborhood has its own appeal, pricing, and lifestyle.

NeighborhoodHighlightsSerramonteClose to Serramonte Center, schools, and I-280. Great mix of homes.HillsideMore affordable options, quiet streets, hidden-gem homes.CrockerHistoric charm, walkable area, fixer-upper potential.Southern HillsBeautiful views, newer homes, higher price but great long-term value.

👉 Pro Tip: Partner with a local agent who can help you align your goals with the right area.

🤝 Step 5: Work with a Local Real Estate Agent

Daly City’s fast-moving market demands a strategic approach.

A local agent will:

• Provide access to listings before they hit the market

• Negotiate on your behalf

• Walk you through inspections, contingencies, and closing

🧠 Bonus Tip: Choose someone who specializes in first-time buyers—someone patient, informative, and focused on your success.

📝 Step 6: Make a Strong Offer

Daly City homes often receive multiple offers. Here’s how to stand out:

• Be pre-approved, not just pre-qualified

• Write a personal letter to the seller

• Limit contingencies, if possible

• Stay flexible on timing

🎯 Pro Tip: Let your agent craft a competitive but realistic offer that works for you.

🔐 Step 7: Complete the Inspection and Close

You’re almost there! After your offer is accepted:

1. Home Inspection – Assess condition, request repairs if needed

2. Appraisal – Confirms value for your lender

3. Final Walkthrough – Verify agreed-upon condition

4. Closing Day – Sign papers, transfer funds, get your keys!

🏡 Your Daly City Homeownership Journey Starts Here

Buying your first home in Daly City is a big step—but with the right guidance, knowledge, and local support, you can make a smart, confident move in 2025.

With robust buyer programs, diverse neighborhoods, and a welcoming community, Daly City offers a unique opportunity to invest in long-term value and a better quality of life.

📞 Let’s Connect!

🎯 Ready to Buy Your First Home in Daly City? Let’s Chat!

As a local real estate expert specializing in first-time buyers, I’m here to simplify the process and help you find the right home at the right price.

📞 Call: (650) 689-3822
📧 Email: [email protected]
🌐 Visit: danielkcheng.com

Let’s make your dream of owning a home in Daly City a reality!