What are five common mistakes made by first-time buyers?
A good home-buying decision is one that fits your lifestyle and your budget. Sounds simple? Not always. Here are five common mistakes frequently made by first-time buyers and how to avoid these pitfalls. (1) Looking outside your price range. To avoid disappointment, contact a real estate agent who can help you pre-qualify before you start looking for a home. The agent can also provide valuable insight on taxes and other expenses associated with a home (utility bills, etc.) (2) Buying on impulse. Buyers, especially first-timers, may be impressed by the first two or three homes they view. Look at a good selection. List the positives and negatives. Narrow the prospects to three or four, and then return for a closer look. Evaluate more than just the property. Look at the surrounding area and community amenities. Is this what you-and your family-want and need? (3) Not planning ahead. Think seriously about any personal changes you are planning in the next five to seven years. For instance, i
