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The Top 7 Mistakes First-Time Buyers Make

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Manage episode 518117645 series 2542321
Content provided by David Pere. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by David Pere or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode, I break down the seven most common mistakes first-time homebuyers make—and how to avoid them. I dive into why financing big purchases before closing can kill your loan, the importance of job stability during the process, and what lenders really look for.

I also share tips on budgeting for closing costs, being honest about your cash reserves, and how to handle inspection negotiations like a pro. If you’re buying your first home and want to make sure nothing falls through at the last minute, this episode will help you stay ahead and close confidently.

Timestamps

(00:00) - Intro
(00:55) - Financing big purchases before closing
(02:03) - Missed payments that destroy approvals
(03:02) - Job changes and pay structure risks
(04:15) - Budgeting for closing costs + fees
(06:05) - Smart inspection negotiations with agents
(08:10) - Closing thoughts

About the Show

On the Military Millionaire Podcast, I share real conversations with service members, veterans, and their families. Each week, we explore how to build wealth through personal finance, entrepreneurship, and real estate investing.


Resources & Links Connect with David Pere
  continue reading

329 episodes

Artwork
iconShare
 
Manage episode 518117645 series 2542321
Content provided by David Pere. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by David Pere or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode, I break down the seven most common mistakes first-time homebuyers make—and how to avoid them. I dive into why financing big purchases before closing can kill your loan, the importance of job stability during the process, and what lenders really look for.

I also share tips on budgeting for closing costs, being honest about your cash reserves, and how to handle inspection negotiations like a pro. If you’re buying your first home and want to make sure nothing falls through at the last minute, this episode will help you stay ahead and close confidently.

Timestamps

(00:00) - Intro
(00:55) - Financing big purchases before closing
(02:03) - Missed payments that destroy approvals
(03:02) - Job changes and pay structure risks
(04:15) - Budgeting for closing costs + fees
(06:05) - Smart inspection negotiations with agents
(08:10) - Closing thoughts

About the Show

On the Military Millionaire Podcast, I share real conversations with service members, veterans, and their families. Each week, we explore how to build wealth through personal finance, entrepreneurship, and real estate investing.


Resources & Links Connect with David Pere
  continue reading

329 episodes

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