11 Biggest First Time Homebuyer Mistakes!

Buying your first home doesn't have to be hard or confusing. With the right tips and knowing the mistakes to avoid you'll be ready to buy a house with confidence! Let's take a look at the 11 biggest first-time homebuyer mistakes! #FirstTimeHomebuyerMistakes
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📒 Show Notes 📒
What you'll learn:
1. The 11 biggest first time homebuyer mistakes!
2. First time home buyer mistakes to avoid!
3. What first time home buyers need to know!
NOTE: To adjust video speed for your listening/ viewing pleasure, please use the settings icon on the bottom right of your screen. It looks like a gear. =)
Timeline:
1. 0:45 - Underestimating the full cost of buying a home!
2. 2:36 - Obsessing only on the house, not the area!
3. 3:58 - Being close-minded about your options!
4. 5:12 - Letting emotions cloud your judgment!
5. 9:17 - Getting distracted by the small stuff!
6. 10:42 - Not understanding the role of your buyer agent!
7. 13:11 - Not googling your agent's ratings, reviews, and past sales performance! (HUGE MISTAKE THAT CAN COST YOU MASSIVE MONEY & TIME!)
8. 14:38 - Forgetting Contingencies - The devil is in the details!
9. 15:57 - Not taking due diligence seriously!
10. 16:35 - Letting buyer's remorse to creep inside your mind!
11. 18:23 - Blaming others when things go awry!
Thank you for watching! =)
Enjoy an amazing day!
Andrew Finney
#AndrewFinney
AndrewFinneyTeam
Disclaimers/ Credits:
At the time of production, Andrew Finney, S.0173260, is a real estate salesperson with King Realty Group (KRG) in Las Vegas, NV. Andrew's videos are his own and do not necessarily represent the views and/ or opinions of KRG. The purpose of Andrew's videos is to educate you and help you make sense of the real estate process. I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. If you have questions about home loans, real estate, taxes, financial advice, real estate law, insurance, professional trades, or any other services, you are advised to reach out to the appropriate professional for further counsel about your own unique situation. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or any other and may be outdated or inaccurate; it is your responsibility to verify all information for yourself. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that is free from error. Linked items may create a financial benefit for Andrew Finney Team. Any use of other media is by fair-use or license only.
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[@drewsenthused6079]

Thanks for all the tips! I've been watching your videos over the last month and have now gotten our first offer accepted and inspection done! You've helped ease my mind during the panic periods. Keep it up!

[@iamchangingtoo]

I put an offer on a house but, something didn’t feel right. A counter offer was made with some changes. Called the lender for the numbers. Realized that the home mortgage would be more than I would be comfortable with. Could not save money, budget for remodel, etc. I realized that it would not be a good idea and receded the offer. I don’t want to renegotiate after the appraisal, things should be right before that time. Another excellent video that is needed. Thus, at this time the search continues.

[@AndrewFinney]

Hi Arodys! Thank you for watching and for your IRL experiences with us! You rock! Yes Ma'am, it's best to ensure you're 100% making a well-informed decision so you'll be comfortable and confidant every step of the way. Sending you positive mojo you find the right place to call home for you soon! Please keep us updated! Wishing you an amazing day! =)

[@santhyav7923]

Good points and I hope buyers consider age of home prior putting an offer because with older home comes older roof and HVAC

[@SimplyMassi]

My biggest mistake was not taking into account the additional cost of options in my new construction! I’m spending an ADDITIONAL 40 GRAND over base price. Base price = shell of the house to code ONLY.

[@omegalgo297]

YOU are great!!!! Thank you!!!!

[@seaglass6771]

You are SO spot on with everything you said! I did not properly take into account maintenance costs, 401k home loan repayment, appraisal, inspection, and other closing costs when I was in the home shopping phase.

[@AndrewFinney]

Thank Sea Glass! Yep, it's easy to overlook everything you mentioned when in the process of buying a home. That's where having a solid gameplan in place first is highly beneficial. All the same, sending you positive vibes everything goes your way and congrats on your new home!

[@CPSMELSER]

Love your videos ! I want to thank you for taking the time to make all the videos . Is it wish to buy a mortgage insurance that buyers can buy if their spouse happens to pass away?

[@B4Real247365]

This video is dead on!!! I wish I found this prior to my purchase. Great video.

[@LiveInnerCity]

Preparation to gain the confidence is key! Thanks, Andrew!

[@zoewimmers9330]

I agree!

[@donaldhollingsworth3875]

Some thing I have noticed that you don't cover buyer's back out dates. The date when you can get your deposit back & the date the you don't get your deposit back. We have this in North Carolina.

[@ncasio1]

Excellent tips!

[@zoewimmers9330]

Yes explained them very well.

[@GuitarsAndSynths]

Not getting home inspection and waiving contingencies are mistakes to avoid.

[@GuitarsAndSynths]

Definitely get an appraisal! Lots of stupid buyers with more money than brains waive the appraisal then pay WAY over what the home is worth. I see a lot of bay area buyers invading Sacramento doing this crap.

[@benyamin6085]

The 11th mistake its BS, again real estate agent is playing BS, the buyer is the responsible of what he's buying, WTF