5 Common First Time Home Buyer Mistakes

First time home buyers, more commonly known as “property virgins”, are characterized for having unrealistic expectations on buying real estate.

They want everything for a next to nothing price.

The average first time home buyers are ages 24-34 and this is the first real investment they have ever made.

Now with the market leaning more in their favor, opening the door to many who 3 years ago could never have afforded a home, they face a new struggle of competing against investors on getting that great deal on a house.

Investors have spent more time researching the market, have more money to put down and don't take as long to make a decision on to buy or not to buy.

Below I have attached a list of the 5 most common mistakes first time home buyers make, provided by Real Estate Checklists and Systems.

To help you avoid making a "property virgin" mistake call a local Realtor.
To contact me: e-mail EmilyLeeRealty@yahoo.com or call 606-499-7836


5 Common First Time Home Buyer Mistakes

1. They don’t ask enough questions of their lender and end up missing out on the best deal.

2. They don’t act quickly enough to make a decision and someone else buys the house.

3. They don’t find the right agent who’s willing to help them through the home buying process.

4. They don’t do enough to make their offer look appealing to a seller.

5. They don’t think about resale before they buy. The average first-time buyer only stays in a home for four years.

Source: Real Estate Checklists and Systems

Click here to visit my personal website