5 Common First Time Home Buyer Mistakes

1.  Not asking your lender enough questions.  Find out if you qualify for a different kind of loan, what the options are for down payment, etc.  If you have a lender you can't talk to?  Find another lender.

2.  Not acting fast enough.  Hot real estate moves fast.  If you see a great house at a great price, odds are good you are not the only one interested.

3.  Not having the right agent.  Is your agent responding to your calls?  Showing you houses that fit your criteria, not theirs?  Patient with your questions and helpful?  If not?  Talk to your agent about finding a new realtor.

4.  Not making their offer look appealing to a seller.  I think some buyers are surprised that sellers would turn down an offer.  Have you done enough to make yours look serious?  Are you lowballing, just because you can?  It is up to a seller to accept or reject an offer, and you don't always get a second chance at the house of your dreams.

5.  Not thinking about resale.  Most first time buyers are in their first home less than 5 years.  What may seem appealing to you now, might not be appealing to buyers in 5 years.  Think about the resale value of a home before you buy it.  Look at number of bedrooms, bathrooms, if it is in a good school district.  These things could make it harder or easier for you to sell when you are ready to move up.

Comments are my own, Original text is here, 5 Common First Time Home Buyer Mistakes.

Happy House Buying!  I love first time home buyers!  

Jennifer