⚠️ Top Mistakes First-Time Buyers Make — and Why to Avoid Them
Skipping Pre-Approval
Why it matters: Without it, you might shop outside your budget or lose a home to a more prepared buyer.Underestimating Total Costs
Why it matters: Closing costs, inspections, taxes, and repairs add up. Being unprepared can cause financial stress or loan issues.Focusing Only on Monthly Payments
Why it matters: You also need to budget for maintenance, property taxes, insurance, and utilities — not just the mortgage.Not Researching the Neighborhood
Why it matters: Buying in the wrong area can affect your lifestyle, resale value, and long-term satisfaction.Making Emotional Decisions
Why it matters: Falling in love with a home can lead to overpaying or ignoring major flaws like poor layout or hidden repairs.Waiving the Home Inspection
Why it matters: Skipping it could mean costly surprises like roof damage, plumbing issues, or foundation problems.Not Asking the Right Questions
Why it matters: You need to understand everything from zoning rules to condo fees — surprises after closing can be expensive.Changing Jobs or Finances Before Closing
Why it matters: It can affect your loan approval. Lenders want stable income until the keys are in your hands.Using All Savings for the Down Payment
Why it matters: You need a financial cushion for emergencies or post-move costs like furniture or repairs.Not Working with a Buyer’s Agent
Why it matters: You might miss out on market knowledge, negotiation help, and professional guidance — all at no extra cost.