Top 5 First Time Home Buyer Mistakes

If you’re looking to buy a home, weather it’s your first time buying or your 10th time, these are tips you need to consider. I frequently hear from potential clients who are inquiring about homes on the market and when I ask them what type of loan they are getting or have they considered how much cash they will need to execute the sale, very often I find buyers have not done their home work.

It’s imperative you speak to a lender first, as knowing where you stand financially is not only important, but reduces stress during the buying process. You need to know things like, how much you can borrow and how much your payment will be. You also need to know how much cash you will need to get to closing, both the down payment and the closing costs.

Finding an experienced realtor is key to helping you avoid costly mistakes as well. An experienced realtor will help you navigate the application process for the loan, inspections on the house and coordinate your closing. There are many steps to the buying process and having a great team is key.