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mistakes to avoid as a first-time homebuyer

Buying a first home is an exciting milestone, but it is easy to make errors along the way. Understanding the most common pitfalls is the best way to protect your budget and ensure a smooth transaction. First-time buyers, don’t make these costly mistakes:

1. forgetting about closing costs

Don’t forget to budget for extra closing costs that come on top of your down payment. Get an estimate from your lender and make sure you know what to expect before you set your home price range.

2. lowball offers

Low ball offers are not a good negotiation tactic. Even if you think the home is overpriced, a crazy low offer could offend the seller and hurt your position. In today’s market, where over-asking bids…

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