Buying your first home is an exhilarating ride! But let’s face it, it’s not all sunshine and rainbows, especially for newbies in the market. Here are some friendly reminders to keep your home-buying journey on track and your dream home within reach.

Mistake #1 Borrowing too much money

Sure, the bank might give you the green light for a massive loan, but don’t let that tempt you into biting off more than you can chew. Keep your monthly payments comfy, considering life’s unpredictable twists and turns.

Mistake #2 Not checking your credit report

Your credit score isn’t just a random number; it’s your golden ticket to favorable mortgage rates. Take a peek at your credit report, fix any boo-boos, and set yourself up for sweet deals.

Mistake #3 Not comparing lenders

Think of it like dating; you want the one who treats you right. Chat up different lenders, suss out their vibes, and go with the one who makes you feel all warm and fuzzy inside.

Mistake #4 Failing to shop around for a mortgage

Don’t Settle for the First Mortgage You See: It’s like scoring the best deal on Black Friday. Check out different lenders, compare rates and fees, and bag yourself a bargain.

Mistake #5 Creating “red flags” during the underwriting process

Once you’re pre-approved, don’t rock the boat. No job-hopping, no credit card shenanigans, no moving money around like a madman. Smooth sailing equals smooth closing.

Mistake #6 Skipping the home inspection

Don’t skip out on the home inspection, my friend. It’s your safety net against surprise expenses down the road. Pay a little now to save a lot later.

Mistake #7 Buying a fixer-upper without the skills or experience to renovate it

Sure, that rundown gem might seem like a steal, but do you have the chops (and the cash) to fix it up? Get real about your DIY skills and budget before diving in.

Mistake #8 Overlooking homebuyer assistance programs

Who doesn’t love freebies? Scope out local, state, and national programs that can help ease the financial burden of home buying. It’s like finding money in your couch cushions!

Mistake #9 Buying a home through the seller’s agent

That seller’s agent might seem all friendly and helpful, but remember, they’re not in it for you. Get yourself a trusty buyer’s agent who’s got your back, no strings attached.

Mistake #10 Not choosing a qualified buyer’s agent

Partner up with an ABR® designated agent—they’re like the superheroes of real estate. With them by your side, you’ll navigate the twists and turns of home buying like a pro.