First-Time Home Buyer Mistakes
Being a first-time home buyer can be scary! Think of it sort of like starting a new job. You have a sense of what you need to do, but don’t know all the ins and outs at first. Here are few common mistakes first-time home buyers make.
1. Wanting the Dream House Right Away.
Figuring out what your priorities are in a home can save a lot of time through the process. Making a list of wants/must-haves can help you break down the criteria, and prepare you to make some decisions on what items you are willing to trade off.
2. Wanting to start looking at homes before you are pre-approved.
Getting pre-approved is much more important than buyers think when getting started with viewing homes. It’s better to understand what your budget is, so you don’t start looking in a higher price range and end up heart-broken that your favorite is above budget. An added bonus is that you are ready to move forward with an offer when you select a home.
3. Waiting too long to make an offer.
In some markets, like Seattle, homes sell very quickly. A very common mistake of first-time home buyers is waiting to move forward on an offer for a home. Usually when you see a home that it fits all of your criteria; it is best to make an offer(before someone else makes one). A majority of first-time home buyers experience this least once during the process of finding a home.