5 Costly Mistakes First-Time Buyers Make

first-time buyer
Nesbitt Realty helps first-time home-buyers realize their home-buying dreams.
Buying a first home can be a daunting experience. Here are five common and costly mistakes that novice home buyers make: 1. Ignore the costs of having a low credit score. Lower-score borrowers pay thousands of dollars in increased interest rates over the life of the loan. 2. Make purchases on credit before settlement.  Lenders continue to check credit scores right up until the time of closing. Too much shopping could cause the lender to take back the loan. 3. Scrimp on an inspection. Being surprised by the need for expensive repairs can be financially devastating. 4. Buy without contingencies. Buyers should give themselves an out if the inspection turns up problems or the bank raises the interest rates. 5. No money for insurance. Insurance can be surprisingly pricey. Buyers who don’t budget for it can face a nasty surprise.

What exactly Does a Realtor in {Location_Name} Do?

Law requires realtors to:
  • Perform certain mandatory and standard acts to help out with the purchase or sale of real estate.
  • Properly account for the money or alternative property placed in her or his attention.
  • Disclose untoward material facts that are, or should be, inside the broker’s knowledge.
Sellers can be assisted by Realtors in screening prospective buyers and preparing their homes. Realtors can demonstrate to investors the properties that meet their risk profiles and long-term investment strategies. Nesbitt Realty can quickly locate the perfect home in {Location_Name} for you. Our real estate pros can efficiently organize and coordinate meetings with sellers and potential buyers. A Nesbitt Realty Realtor is well acquainted with all the important things you'll want to learn about the area you may be considering:
  • the quality of schools,
  • association fees,
  • Metro availability,
  • community amenities such as shops, parks and restaurants.
Our brokers have immediate use of homes when they are put on the market, saving you hours of wasted drive-around time. When you’re prepared to make an offer on a house, our Realtor will help structure the deal to help you save money. She or he will clarify the pros and cons of different types of mortgages and guide you through the piles of paperwork. For more information or to set up an appointment call Julie at (703)765-0300.  

Julie Nesbitt

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Julie Nesbitt is an ABR who has served buyers in some of Alexandria’s most exclusive neighborhoods.  She is a top producing agent who has listed and sold property in Northern Virginia. In addition to helping folks buy, sell and rent property in Northern Virginia, Julie is the primary administrator of the property management services performed by Nesbitt Realty and Condo Alexandria. Call Julie at (703)765-0300.