10 tips for homebuyers

Smart Money just ran a helpful article on the 10 Mistakes First-Time Home Buyers Make. Here’s an abbreviated list, you can check out the details on the Smart Monday site.

  1. Not knowing how much house you can afford.
  2. Assuming foreclosures are great deals.
  3. Letting your true feelings show.
  4. Failing to find a good buyer’s agent.
  5. Underestimating the costs of owning a home.
  6. Failing to budget for property taxes.
  7. Assuming your first offer will get accepted.
  8. Skipping the inspection.
  9. Doing too much too fast.
  10. Failing to include a contingency clause in the contract.

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