Table of Contents

• Introduction
• Not Getting Pre-Approved Early
• Shopping at the Top of the Budget
• Ignoring Total Monthly Costs
• Letting Emotions Drive Decisions
• Waiving Important Protections
• Overlooking Location & Resale
• Skipping Due Diligence
• Not Understanding the Contract
• Final Thoughts
• Work With a Local Expert

1. Introduction

Buying your first home is exciting — and overwhelming. First-time buyers often make mistakes not because they’re careless, but because they lack experience and guidance.

Understanding common pitfalls ahead of time can save thousands of dollars and months of stress.

2. Not Getting Pre-Approved Early

Without pre-approval:

• Buyers waste time touring homes
• Sellers don’t take offers seriously
• Negotiating power is lost

Pre-approval should happen before showings begin.

3. Shopping at the Top of the Budget

Buying at the maximum approval leaves no room for:

• Repairs
• Rate changes
• Life events

Comfort matters more than stretch.

4. Ignoring Total Monthly Costs

First-time buyers often focus only on price, not:

• Property taxes
• Insurance
• HOA fees
• Maintenance

Monthly affordability determines long-term happiness.

5. Letting Emotions Drive Decisions

Emotional buyers may:

• Overpay
• Ignore inspection results
• Rush decisions

A home is both a lifestyle choice and a financial asset.

6. Waiving Important Protections

Skipping inspections or contingencies can expose buyers to major risks.

Competitive does not mean reckless.

7. Overlooking Location & Resale

Location affects:

• Appreciation
• Demand
• Daily convenience

Even a “starter home” should be evaluated for resale.

8. Skipping Due Diligence

Failing to review disclosures, HOA documents, or neighborhood factors leads to regret.

9. Not Understanding the Contract

Contracts are legally binding. Deadlines and contingencies matter.

10. Final Thoughts

First-time buyers succeed when they’re informed, prepared, and supported by experienced professionals.

11. Work With a Local Expert

I help first-time buyers avoid costly mistakes and purchase with confidence from offer to closing.