Common Mistakes Made by First-Time Buyers

by Eva Del Rosario 08/18/2019

First-time homebuyers are prone to making a lot of mistakes when it comes to picking a home, due to many reasons—one of which is just plain old inexperience. If you plan to buy your first home soon, these are a few things you want to avoid.

  1. Not having a budget. It might surprise you to know but a lot of first time home buyers don’t have a spending budget before they start looking. Or sometimes, they look at houses that are way over what they can afford and end up spelling more money than they ought to. It's always better to clearly define what you are willing to spend on the new house and stick with it. That way you have a more comprehensive search scope that you can share with your realtor.
  2. Being overly emotional. Sometimes you see a house that looks like the builder intentionally had you in mind. But sometimes it's better to put your emotions in check because it might reduce your bargaining power with the seller. Being too excited might even make you oblivious to specific reasons why the home may not be a good fit for you.
  3. Not factoring additional costs of renovations and home improvements. Having a budget and firmly sticking to it is not enough, you also have to take into consideration the costs of any home additions or repair work you think of doing. You want to change the lamp fixtures or faucets in the showers? Be prepared to spend a little more.
  4. Underestimating the costs of maintaining the home. Sure, you get to buy the house at a giveaway price but have you stopped to consider what it will cost you to keep the house in that condition? Lots of first time home buyers don't do this. Electricity bill, gas bill cable bills, and even homeowner association fees are things that any home buyer should consider before concluding on any deal.
  5. Not hiring an agent. Winging it on your own is probably the most common mistake first-time buyers make. In a bid to save some money, they neglect to hire an agent of their own and choose to work directly with the seller or even worse, the seller’s agent themselves. More likely than not, what’s going to happen is a novice buyer who finds himself outclassed by an experienced salesperson.

Whatever you do, avoid these mistakes by contacting a real estate professional in your area.

About the Author
Author

Eva Del Rosario

Mission Statement:

A positive influence to my clients and to the people around me by demonstrating to them that anything is possible if you put your heart and mind to it.

Professional Philosophy:

Eva works hard for her clients to fulfill their “American Dream” of homeownership. 

She excels at:

  • Negotiating for the best interest of her clients be they sellers or buyers. Excelling means win/win for both parties.
  • Resourcefulness, diligence, patience, attention to detail and an ability to adapt to the unexpected.  Managing client expectations and communication clearly and often throughout the transaction.
  • Keeping a transaction together means flexibility in communication, really knowing and understanding the client’s needs and desires and continually updating the changes in the market and Real Estate laws.

Personal Information:

Eva has lived in the San Francisco Bay area since 1983 with her daughter.

She knows the value of home ownership. She began her involvement in Real Estate as a homeowner and an investor. 

Eva based her business on providing the role of a trusted advisor to all of her clients. 

She takes her clients’ need very seriously and treats each and every transaction as if it was her own. 

She prides herself on her solid reputation and is dedicated to providing the highest quality service along with enthusiasm, dependability, and commitment to building lasting relationships.

Interest:

Gardening, traveling with family and friends and volunteering her time for the needy organization.

Summary:

License Real Estate Agent since 2001

License Life Insurance Agent  2008