Cowlitz News and Real Estate


5 Common Mistakes First Time Home Buyers Make

5 Common Mistakes First Time Home Buyers Make

Education and the right guidance could be the difference between a frustrating and or a pleasant home buying experience. Home buyers many times rush into the home buying process without enough or the right information. To avoid what I consider the top 5 and some other common first time home buyer mistakes, educate your self and get the right guidance.

1. Often times, even though they may qualify to buy, first time home buyers wait to long to buy a home and many times end up paying more on rent than they would pay for a mortgage. If you can afford it, don't be afraid to take the first step, especially in this market.

2. Many buyers over stretch themselves when buying a home and eventually end up getting in trouble and loosing them. As a general rule your  monthly mortgage payment should not be more than 28% of your monthly gross income. Keep your monthly payments within a comfortable amount.

3. Some times, home buyers get overly excited and jump in to buy a home for the wrong reasons and end up regretting it. Make sure the home, neighborhood, location and current zoning regulations will work for your intent use. Other thing to keep in mind are busy streets, traffic noise, distance from schools and work. Take your time and wait for the right home that fit your needs.

4. Frequently, home buyers call the listing agent for information and end up working with them, big mistake. Listing agents work for sellers and their best interest, not the buyer. Even though ethical agents will do  fairly good job, their moral obligation is to the seller. Unless you are an experienced buyer and know what you are doing, I recommend you get your own representation. Get your own agent to listen to your needs and represent your best interest.

5. I regularly get calls or e-mails about my pending or sold listings and then callers get frustrated when they find out the listing is no longer available. Real estate magazines and news papers are published weeks after listings hit the market and many website are not updated regularly. I know technology is great but you have to have the right tools and have to know how to use them. Realtors have the right tools and up to date information. Find a Realtor to work for you early on the process and save your self from frustration and disappointment.


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Venancio Gonzalez - GRI, e-PRO Broker with Windermere Kelso/Longview, serving Longview, Kelso and surrounding Cowlitz County real estate markets. or (360) 751 4001.

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Comment balloon 3 commentsVenancio Gonzalez • May 07 2011 03:53AM


Good information for the first time buyer. 

Posted by Steven Wright, CRS - Home Real Estate - 720-989-5283 (Home Real Estate) over 8 years ago

Good morning Venancio, an excellent list to provide to all home buyers.  Before they start shopping.

Posted by Dan Edward Phillips, Humboldt and Del Norte Counties, CA (Dan Edward Phillips, Humboldt and Del Norte Counties, CA) over 8 years ago

Steve and Dan, thanks for stopping.

Posted by Venancio Gonzalez, Longview WA Real Estate Broker - 360-751-4001 (Windermere Kelso/Longview) over 8 years ago