5 common first-time home buyer mistakes

1. They don’t ask enough questions of their lender and end up missing out on the best deal.

2. They don’t act quickly enough to make a decision and someone else buys the house.

3. They don’t find the right agent who’s willing to help them through the homebuying process.

4. They don’t do enough to make their offer look appealing to a seller.

5. They don’t think about resale before they buy. The average first-time buyer only stays in a home for four years.

Events

February 9
Tech Breakfast: LinkedIn for REALTORS®
NVBR Office, 8:30 am
Details

 

February 14
NVBR Membership Meeting
DoubleTree Hotel, 11:30 am
Details

 

February 16
Ask the Experts: Importance of Pre-listing Inspections
Location TBD, 8:30 am
Details

   

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In The News

Bernanke Defends Keeping Rates Low for 3 More Years

Posted on 3 February 2012 | 12:00 am
Some lawmakers questioned Thursday the Federal Reserve's move to keep interest rates low until 2014, saying it brings a risk of higher inflation and stymies economic growth.

...more

Study Reveals Main Culprit Behind Falling Home Values

Posted on 3 February 2012 | 12:00 am
Home prices nationwide dropped nearly 5 percent last year, but if you exclude distressed sales, prices dropped only by 0.9 percent, a new study from CoreLogic finds.

...more

Did Builders Overbuild Oversized Houses?

Posted on 3 February 2012 | 12:00 am
Too many big houses are occupying the country's landscape as more consumers shift their preferences toward condos, apartments, and smaller homes, planners said at a smart growth conference this week.

...more

Mortgage Rates Hit New Lows Again

Posted on 3 February 2012 | 12:00 am
Mortgage rates once again inched lower this week, lowering the cost of borrowing and increasing housing affordability.

...more

Fannie Mae Gains More Short-Sale Authority

Posted on 3 February 2012 | 12:00 am
Several mortgage insurers have removed another barrier in short sales that could speed approval of short sales on Fannie-backed loans.

...more

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