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What I tell my Buyers Top 10 Mistakes Made by First Time Home Buyers

By
Real Estate Broker/Owner with Hamm Homes

Everytime I meet with a new home buyer, I give them a Home Buyer's Guide so they can familiarize themselves with the home buying process.

In this guide, I talk about the 10 most common mistakes made by buyers.

  1. Wait to buy until interest rates come down
  2. Looking at NEW homes without your Realtor
  3. Buying big ticket items before your the mortgage is approved
  4. Making an offer way under the asking price
  5. Not getting a home inspection on a brand new home
  6. Applying for a mortgage with multiple companies
  7. Going to a For Sale By Owner without a Realtor
  8. Not getting a detailed Good Faith Estimate from the lender
  9. Quitting or changing jobs
  10. Not getting pre-qualified or pre-approved before making an offer on a home

These are common mistakes made by buyers who are not familiar with the home buying process.  Using a Realtor to represent you in the purchase process is very important.  Your Realtor can easily guide you through every step realizing your dream of home ownership.

 

Comments(10)

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Kelly McGovern
Realty Concierge International - Bellingham, MA
Working with Kelly is a good move

Great list!  Very important points to discuss with buyers for sure!

Nov 08, 2025 09:12 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Kelly McGovern and I learn lots over the years to pass on to clients.  Thank You for stopping by.

 

 

Nov 08, 2025 09:56 AM
Kathy Streib
Cypress, TX
Retired Home Stager/Redesign

Good list of mistakes, Will.  Each one could almost be a post in itself.

Nov 08, 2025 11:22 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Will, great list for buyers, and sometimes not only give them this list, but verbally remind them again, sometimes they forget.

Nov 08, 2025 11:34 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Kathy and you are so right.

Nov 08, 2025 11:51 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Joan you are so right, sometime they do forget.

 

Nov 08, 2025 11:51 AM
John Pusa
Glendale, CA

Hello Will Hamm these are very important helpful list of mistakes first time home buyers to avoid.

Nov 08, 2025 01:26 PM
George Souto
George Souto NMLS #65149 - Middletown, CT
Your Connecticut Mortgage Expert

Will Hamm in regard to #6.  It is OK to get pre-qualified/pre-approved by multiple lenders, BUT formally applying for a mortgage with different lenders at the same time, could qualify as mortgage fraud.

Nov 08, 2025 01:59 PM
Mark Don McInnes, Sandpoint-Idaho
Sandpoint Realty LLC - Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Excellent list Will, and I am guessing you have saved many a client heartache down the road with the list.  m

Nov 08, 2025 02:19 PM
Gregory Manns, Palm Springs Area Realtor
HomeSmart Elite Group - Palm Springs / La Quinta, CA - Indio, CA
Palm Springs Area Realtor with HomeSmart Elite

Thank you for sharing this excellent list of mistakes. It is a good reminder and as agents we cannot take for granted or assume that our buyers are aware.

Nov 08, 2025 06:46 PM