| 1. Not Hiring a Realtor | | | | causing you thousands of dollars week, month or |
| Not hiring a Realtor or Real Estate agent with | | | | years down the road if you avoid getting it |
| experience and good standing is one of the | | | | inspected. The only time it is not necessary for |
| biggest mistakes that you could possibly make | | | | inspection is if it is a new build. |
| while being a first time home buyer. Some people | | | | 5. Being Impatient |
| would try and urge a first time home buyer to | | | | First time home buyers tend to be pretty |
| skip a realtor and "do it yourself". Let's put it this | | | | inpatient in looking for a home. Instead of settling |
| way, you are about to make the biggest | | | | for something you kind of like why not wait for |
| purchase of your life and you're going to do it | | | | something you are going to absolutely love. Being |
| without help? I would sure hope not. Research | | | | anxious to get into a house is a pretty hard battle |
| and find a professional who can provide expertise | | | | from begging to end. If you're strong enough to |
| and support. | | | | stick with it and you do your homework, your |
| 2. Not Getting Pre-Qualified First | | | | chances of being a happy home owner will be a |
| When it comes to the financial part this is also a | | | | lot higher. |
| hurdle that a realtor will help get you through.First | | | | 6. Not Considering the Long Term Impact of |
| time home buyers are the worst when it comes | | | | Their Decision |
| to making financial decisions. It's more than just | | | | When buying a home the main thing you need to |
| figuring out how much you mortgage will be. You | | | | consider is, will this home be fit for you in the |
| have to consider interest rate be, will there be an | | | | future? Will this neighborhood still fit you? Is this |
| Association fee, how much could I afford without | | | | home big enough for your future wants? Is this |
| sending myself over board? All these are very | | | | house potentially going to be a good sell in the |
| important questions that should be discussed with | | | | future when you're ready? All of these are |
| a professional. | | | | serious matters that should either make or break |
| 3. Making a Decision Based on Emotion Only | | | | your wants for this home. |
| This is another really big mistake that first time | | | | 7. Over-Spending |
| home buyers commit. Making the biggest | | | | Before signing a contract set a price in your mind |
| purchase of your life based on emotion and not | | | | that works for you financially. And don't go a |
| facts, Not good. Just because you walk into a | | | | dollar over that price. Negotiations can be very |
| home and it resembles something from your child | | | | scary. Financial boundaries become less clear and |
| hood, doesn't make it the right fit for you. You | | | | emotions start running wild. Without the right |
| need to consider how old the home is. Will it need | | | | realtor this process can end up very messy and |
| many repairs? Is this a comfortable price range | | | | stressful. |
| for me? Again all something that a realtor would | | | | Conclusion |
| be able to help guide you through. | | | | Buying your first home can definitely seem |
| 4. Not Getting a Home Professionally Inspected | | | | overwhelming and stressful at times. But if you |
| Always make sure you get your home inspected. | | | | go into the process having already done your |
| Don't just go off anyone's good word. Just | | | | homework, you can protect yourself from all of |
| because the home looks beautiful and perfect to | | | | these mistakes and shop with confidence. After all |
| you, there can many things wrong with the | | | | buying a home is the biggest purchase you'll ever |
| property. Anywhere from structural, wiring, | | | | make, but it shouldn't be the most difficult! |
| plumbing and much more. All this can end up | | | | |