Part 3 - The Common Mistakes First Time Home Buyers Make

Buying a home for the first time is challenging.

Many first time home buyers make mistakes. Here are some of the more common mistakes first time home buyers make:

1. They buy a lemon (a house that needs too much work).
2. They spend too much.
3. They pay too much in interest.
4. They find out too late their house will depreciate.
5. They buy a home in a bad neighborhood.

How do you avoid these mistakes? First, you have to learn as much as you can about house buying.

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