A "First-Time Buyer" refers to an individual or household purchasing a property for the first time. This category often includes people who are new to the real estate market and may be looking for their first home, such as a condo, townhouse, or single-family home. First-time buyers typically seek guidance on financing options, market conditions, and the buying process. Many first-time buyers may qualify for special programs or incentives designed to assist them, such as first-time homebuyer grants or low down payment mortgages. These resources can help make homeownership more accessible and affordable, easing the financial burden associated with purchasing a home.