Thursday May 22, 2025

Episode 143: What First-Time Homebuyers Overlook (and Why It Costs Them)

In this week’s episode, Don and Angela unpack essentials for first-time homebuyers—from why your monthly payment matters more than the sticker price to the value of a thorough home inspection. Learn how choosing a local lender can strengthen your offer, why flexibility in your home wishlist is key, and what financial moves to avoid before closing. Whether it’s understanding neighborhood vibes or navigating commute realities, this is the practical guide every new buyer must have!

01:50 Today’s Topic: First-Time Home Buyer Mistakes

02:54 The Importance of Home Inspections

09:01 Understanding Monthly Payments

12:24 Choosing the Right Lender

15:43 Budgeting for Closing and Moving Costs

18:03 Creating a Wish List

20:10 The Three-Legged Stool of Home Buying

23:00 Realistic Home Repair Expectations

26:14 Buying for Yourself, Not Your Parents

28:02 Examining Your Commute

30:00 Understanding Neighborhood Dynamics

32:30 The Importance of Communication with Your Agent