Jeni VanOrnum | Real Estate Insights & Education

Learning from others’ mistakes can save you thousands and reduce stress. Here are the most common pitfalls I see first-time buyers encounter.

1. Not Getting Pre-Approved First

House hunting without pre-approval wastes time and sets you up for disappointment. Get pre-approved before you start looking.

2. Maxing Out Your Budget

Just because you’re approved for a certain amount doesn’t mean you should spend it all. Leave room for unexpected expenses.

3. Skipping the Home Inspection

This $400 investment could save you from a $40,000 mistake. Never waive the inspection in competitive markets without careful consideration.

4. Ignoring Additional Costs

First-time buyers often forget about property taxes, insurance, maintenance, HOA fees, and utilities. Budget for the total cost of ownership.

5. Making Large Purchases Before Closing

Don’t buy furniture, cars, or open new credit cards before closing. These actions can affect your loan approval.

6. Choosing a Home Based on Emotion Alone

Fall in love with the numbers first, then the house. Does it fit your budget and needs?

7. Not Researching the Neighborhood

Visit at different times of day. Check school ratings, crime statistics, and future development plans.

8. Underestimating Moving Costs

Budget for movers, time off work, utility deposits, and immediate home improvements.

9. Overlooking Future Resale Value

Even if it’s your “forever home,” life changes. Consider resale potential.

10. Working With the Wrong Agent

Choose an agent experienced with first-time buyers who communicates well and has your best interests at heart.

Your Advocate

As someone specializing in first-time buyers, I’ll help you navigate these potential pitfalls and make informed decisions.