Common First-time Homebuyer Mistakes

1. Not getting pre-approved before beginning their home search.
2. Not making an offer quick enough, thinking they have time and lose out to another buyer.
3. Not working with the right real estate professional to help them find their perfect home.
4. Thinking that the agent they are working with is representing them – not understading agency.
5. Not having an offer and terms that are attractive enough to a seller.
6. Not thinking about resale before they buy.
7. Thinking they have to see 50 homes before making an offer because a better deal might come along.
8. Thinking they should make a low initial offer so they have room to negotiate.
9. Not realizing that if a home is priced right, it will sell at or close to asking.
10. Not thinking long-term and future needs.

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Margaret Biegelman