First-Time Home Buyer Mistakes to Avoid!

Buying your first home is an exciting milestone, but it can also be overwhelming. Without the right guidance, first-time buyers often make costly mistakes that could have been avoided. At Marchena Home Team, we want to ensure your home-buying journey is smooth and stress-free. Here are some of the biggest mistakes first-time buyers make—and how you can avoid them!

1. Not Getting Pre-Approved

One of the biggest mistakes new buyers make is starting their home search without getting pre-approved for a mortgage. Without pre-approval, you may fall in love with a home only to find out later that it’s out of your budget. Additionally, sellers are more likely to accept offers from pre-approved buyers because it shows you’re serious and financially prepared.

How to Avoid It: Before you start house hunting, meet with a lender (like Michael Marchena!) to get pre-approved. This will give you a clear understanding of your budget and help you make strong offers when you find the right home.

2. Overbidding in a Bidding War

It’s easy to get caught up in the excitement of a competitive market, but overbidding just to win a house can lead to financial strain. Paying more than a home is worth can also affect your ability to get financing and could leave you house-rich but cash-poor.

How to Avoid It: Work with an experienced real estate agent who can help you determine a fair market value for the home. Stick to your budget and make strategic offers based on comparable sales in the area.

3. Skipping the Home Inspection

A house may look perfect, but hidden issues like faulty wiring, plumbing problems, or structural damage can cost you thousands down the road. Skipping the home inspection just to speed up the buying process is a major risk.

How to Avoid It: Always get a professional home inspection before closing on a property. The inspection will help uncover any potential issues and give you the opportunity to negotiate repairs with the seller.

Bonus Tip: Work with the Right Real Estate Team

A knowledgeable real estate agent and lender can make all the difference in your home-buying experience. The right team will guide you through the process, help you avoid costly mistakes, and ensure you make the best financial decision for your future.

At Marchena Home Team, we specialize in helping first-time buyers navigate the real estate market with confidence. If you’re thinking about buying a home, we’re here to help!

📞 Want more info or to schedule a consultation? Call or text us anytime!

🏢 Marchena Home Team
🥷 Michael Marchena | Real Estate Broker & Home Loan Specialist
👩🏻‍💼 Anita Marchena | Real Estate Broker
📱 Call or Text: 951-392-8511 Or Contact us here
🌐 MarchenaHomeTeam.com
🌐 Broker Owners at My Key Real Estate | BRE 02197885

Real Estate Broker & Home Loan Specialist Michael & 
Real Estate Broker Anita Marchena

🦁 Who you work with matters. If you are thinking about buying or selling, call us to see how we can help.

BRE 01918167 | BRE 02031692