Debbie Asks… What mistakes should I avoid as a first-time homebuyer?

  1. Don’t start shopping before you have loan approval. Sellers won’t take you seriously if you don’t have your financing lined up before you make an offer. And until your financing is approved, you don’t know for sure how much you can spend. You’ll be wasting your time and everyone else’s if you’re shopping for houses you can’t afford.
  2. Don’t be afraid to keep looking until you’ve found the right house for you. We’ve all heard of love at first sight. And there can be love at first site, too. The very first house you look at may be just the one. But chances are you’ll need to do a lot of looking — and comparing — to find the right home. That’s okay. Buying a home is the biggest investment most of us will ever make. Don’t buy until you’re sure the home is right for you.
  3. Don’t appear too eager. The sellers may hold out for a higher price if they know you’ve fallen in love with their house.
  4. Don’t tell sellers how much you can spend. If they know you have approval for more than you’ve offered, they may make a counter offer that’s higher than they would have accepted otherwise.

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Meet Cheryl!

About Cheryl

As a successful business owner and community leader, Cheryl Braunschweiger is known and respected for getting things done with a degree of skill and enthusiasm that bring out the best in those around her - colleagues, clients and friends. The name of her business, ALMC Mortgage, reflects Cheryl's philosophy and personality. She says it stands for All Loans Must Close –a reflection of her determination to do whatever it takes to serve her clients. Cheryl has been in the mortgage lending business for 20 years. Read More About Cheryl
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