The Top Three Common First-Time Homebuyer Mistakes to Avoid

Category: Real Estate

Are you new to real estate? As a first time home buyer, it's understandable if you find all the jargon involved in buying your first home to be foreign and intimidating.The median first time home buyer is 31 years old, has a household income of approximately $60,000 per year, and has saved for over five years before beginning the home purchase process.These statistics give a snapshot of the typical first-time buyer, and why they are likely to fall victim to the following mistakes. This list includes the three most common errors the average first-time home buyer will make during their real estate transaction.