Hi everyone. This is your Tampa Bay Realtor Lance Mohr and if you're a
first time home buyer this video is definitely for you in this video I'm
going to go over the three biggest mistakes first-time home buyers make so I
certainly understand being a first-time home buyers a little tough you don't know
what questions to ask you don't know what you don't know I've been there
myself I did not have a good time buying my first home it was a train wreck but I
want to give you some advice I want to give you tips so you don't get hurt my
goal of these videos is to save you time money and frustration when you're buying
a home really whether you're a first-time home buyer or whether you're a
seasoned towbar so let's start off backwards with tip number three the
first tip is about home inspections number one you have to get a home
inspection even if it's a new home get a home inspection if it's a brand new home
it's a new home not a perfect home but it's not just about getting the home
inspection it's about getting a really good inspector a lot of times people
just say okay I'm going to get a home inspection great I'll get some you know
advice for my real estate agent or I'm going to get some advice for my friends
and then you go out higher home inspector and then the home inspector
isn't done they're not jumping up on the roof
they're not crawling through the attic, they're not checking the irrigation
system I remember when I moved to Florida I was licensed in Texas for
eight years did a lot of real estate out there but I didn't know anybody out here
so I asked my fellow agent of a really really good detailed home inspector he
gave me the name the inspector did everything I'm looking at the report I
said well where's the irrigation system and he said well I didn't do the
irrigation system and I said well why would she do the irrigation system it's
a major component of the home he said well I'm not a licensed plumber and I
said well yeah but you're not a licensed roofer electrician etc you did all those
and he said what would it cost you more money and I said Oh what do I care I
paid $400 for the inspection I expect something extremely detailed so it's
about getting the right inspector so you want to make sure you get someone really
good I did do a video I'll put it up here on how to choose a really good home
inspector but that's number three get a home inspection and get a really good
home inspector all right so number two is choosing or working with the wrong
lender this is a huge mistake now if you don't need a loan in you're paying cash
just bypass this right here but I'm speaking to probably than 95 - 96%
the people that are getting a loan a lot of times and I used to hear this
when I was in lending interest rate interest rate interest rate well let me
tell you the interest rate is not that important if you're not in the right
loan program for you so you want to get a loan officer that knows what the heck
they're doing someone who's been in the business a lot someone who's creative
someone who could give you different options someone who could explain things
to you especially if it's a first time home buyer because I know a lot of times
you're looking at the what's called the Le the lenders estimate of everything
and you're looking through the list you know like gosh what are all these fees
in here what are they I don't know ask the lender have them sit down or either
go in their office or over the phone and go through all the fees and ask
questions the lender if they're a good lender especially if they've worked with
first-time homebuyers they should take a little bit more time explaining
everything to you because they know you don't know this stuff or they should
assume you don't know it explain everything to you I did in a video how
to choose a good lender so videos right up there take a look
but that's so important because and let me give you an example I had one where a
buyer was buying home they have the lender that they were using I called him
up and I said what in the world is this they sent me there they're Wenders
estimate when the interest rates were about three and a half this happened and
they had like a five and a quarter percent interest rate I said
well is this and they said well we have bad credit I said yeah but you're
getting an FHA wound so I called up the lender and the lender was like well they
have bad credit it said you know we have to charge a little higher interest rate
because it's more liability I said that's a bunch of bull I said you don't
either it's being insured by the government it's being insured by HUD you
know they're if they have a 580 credit score or above they could get it there's
no loan amount add-on so the problem is that the lender they probably weren't
doing this on purpose their boss or underwriter
process or someone told them this someone told the that the processor the
processor told the loan officer the loan officer probably didn't understand but
they the buyer was about to get hosts you know we actually got it squared away
but it's just you need to get a loan officer that knows what the heck they're
doing it's going to be honest with you that it's going to explain everything
with you to you that's gonna you know take baby steps because you don't need
to know all right so the number one the biggest mistake that homebuyers make is
choosing the wrong realtor the realtor is like the quarterback on the football
team if you have a really good knowledgeable reorder that knows what
they're gonna what they're doing that has been through pretty much every
situation out there they're gonna they're gonna know what to do if there's
a problem that's happening they're gonna know what to do during the inspections
they're gonna know what to do and where to refer you to a good lender you know
they're gonna have a good wonder to refer you to they're gonna have a good
really good detailed inspector and again if you're out of the area or not in
Tampa you know you're anywhere you look above there's how to choose a good
realtor I put a video up there but you really need to look at the real estate
agent and pick someone who knows what they're doing it more important someone
who has experience working with first-time homebuyers if I'm working
with someone who's bought in several homes before it's a lot different than
working with someone who's never bought in one home before because again you
don't know what you don't know you don't know what questions to ask the realtor
has guy to walk you through everything they have
to explain everything to you and they should be doing this with
everybody anyhow and I would I work with a buyer whether they bought zero homes
before or ten homes I still go through the contract I still
explain the lending stuff with them I still explain the home inspection I
still explain everything to him but I spit explain it a little bit more to
first-time homebuyers because I want to make sure they have a good understanding
so let's go over this again number three get a home inspector but
get a really detailed home inspector that's gonna rip the home apart you
don't worry about the price as much you know I I had people that have gone out
looked at 3,000 square-foot homes in 255 minutes you don't want that number to
get a lender that knows what they're talking about someone who's honest
that's going to look out for your best interest not their best interest in the
same thing when number one a real it or get someone who cares about you someone
who's gonna walk you through everything someone who's going to be educating you
know I if you've never bought home I would highly recommend you just watch my
my video series my playlist I'll put it up here on how to buy a home and watch
the different videos you do you're gonna learn how to save time money and
frustration and that's my goal if here in the Tampa Bay area you have any
questions or just you want to work with a good aggressive realtor give me a call
I'd love to talk to you if you're anywhere else check out the videos or if
I could help you refer you to an agent in your area I know agents all across
the country I'd be more than happy to do that if you like this video please do me
a favor give me a thumbs up it's really important if you how many questions
leave them in the comments below I do these videos to help you I wish you the
best of luck buying a home and I hope you have a wonderful day
you