First Time Homebuyer Mistakes
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by Jamohl DeWald
- June 6, 2023
- Buying Real Estate, First Time Homebuyer, Real Estate
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Don’t make these common mistakes when buying your first (or next) home! Put yourself at an advantage by working with an experienced real estate agent who will keep you on track and ensure things run smoothly. Below are some tips to avoid first time homebuyer mistakes.
#BetterCallADeWald 503.545.4945
When it comes to buying your first home, there are several common mistakes that you should avoid:
- Overlooking your budget: Set a realistic budget and stick to it. Don’t be tempted to overspend on a house that is beyond your means.
- Failing to get pre-approved for a mortgage: Getting pre-approved helps you understand how much you can afford and strengthens your position as a buyer.
- Neglecting to research the neighborhood: Thoroughly research the neighborhood to ensure it meets your needs in terms of safety, amenities, schools, and future development plans.
- Skipping the home inspection: A professional inspection helps uncover any hidden issues or potential problems with the property, saving you from costly surprises down the line.
- Ignoring additional costs: Remember to consider other expenses beyond the purchase price, such as closing costs, property taxes, insurance, and maintenance.
- Rushing into a decision: Take your time and don’t feel pressured to make a quick decision. Be patient and explore multiple options before committing to a home.
- Forgetting about future plans: Consider your long-term plans and ensure the home aligns with them. Think about factors like family expansion, job prospects, and resale value.
By avoiding these mistakes, you can make a more informed and successful purchase as a first-time homebuyer.

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