Are you a first-time homebuyer? Avoid common pitfalls that could cost you big! In this video, Freedom Group Global reveals the top mistakes to steer clear of when buying your first home. From understanding your budget and getting pre-approved to the critical importance of home inspections, we cover it all! Don't let emotions cloud your judgment—stick to your priorities and avoid unnecessary expenses. Join us as we guide you through the home-buying process with essential tips that will empower you to make informed decisions. If you find this video helpful, please give it a like and share it with your friends!
👉 Mistake #1: Not Knowing Your Budget
One of the biggest mistakes? Looking at homes before knowing what you can afford. Get pre-approved first! This helps you understand your budget and makes you a stronger buyer when you find the right home.
👉 Mistake #2: Skipping the Home Inspection
That house may look perfect, but hidden problems could cost you thousands. Always get a professional inspection before committing!
👉 Mistake #3: Forgetting About Extra Costs
Your mortgage isn’t the only expense! Don’t forget about closing costs, property taxes, home insurance, and maintenance. Budget for the full picture, not just the purchase price.
👉 Mistake #4: Making Big Purchases Before Closing
Thinking about financing new furniture? Don’t! Big purchases can impact your credit and delay—or even cancel—your loan approval. Wait until after closing to buy that dream couch!
👉 Mistake #5: Letting Emotions Take Over
Falling in love with a home is easy, but stay practical. Stick to your budget and must-haves, and don’t overbid just because of emotions!
Buying your first home doesn’t have to be overwhelming. Avoid these mistakes, and you’ll be in a great position to find the perfect place.