1. Not asking enough questions of your lender and missing out on the best deal.
-Know your options, there are many variables such as ARMs vs. Fixed rates and 15, 20, and 30 year loans.
2. Not acting quickly enough to make a decision and someone else buys the house.
3. Not finding the right agent whose willing to help you through the homebuying process.
4. Not doing enough to make your offer look good to a seller.
-Price is not the only thing that is important to a seller. Think of other terms like closing date, pre-approved financing, contingencies, inspections, and closing costs.
5. Not thinking about resale before you buy. The average first-time buyer only stays in a home for four years.
