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My Biggest Mistake as a First-Time Home Buyer

I had this question from a home Buyer. “What was one thing you wish you would have known or done differently when buying your 1st home?” So I thought I would let you learn from my mistakes.


Hi everyone. This is your Tampa Bay realtor Lance Mohr and in this video, I want to go over a question I got and that’s, what is the one thing you wish you would have known or done differently before you bought your first house. And I'm going to go about that and I think it’s going to surprise you will help it in this video what I ended up doing as a first time home buyer and some of the mistakes I made so that's what I’m going to go over in the short video.

I remember buying my first home. I was 23 years old, single and in engineering, with no kids. I just wanted a home for myself so I was going snow skiing whit a buddy. We are on our way back from Big Bear outside Los Angeles. I asked him to stop by a real estate agent’s office. We stopped by, I talked to an Agent. Pulled the agent a little about what I was looking for and the agent called me up the next day and we went out what we started working in a bunch of different homes. Now I thought I was a little weird because all the agent wanted to do is just look and look and look and look and look and drive me around and I thought, well I’m a first time home buyer are you supposed to be educating me are you supposed to be telling me anything and he just wasn't doing that. Then we went out again and again. The problem was, every time we went into a home. He wanted me to buy it. He just thought I should buy every home and so I find a way out 2 or 3 weeks into it. I just said, hey this just isn’t working. I don't really think you have my best interests in mind. I appreciate it good luck. So I pick up the phone call someone else, an agent met me at the first home. I told him a little bit about what I was looking for. It was really much a very similar set of circumstances. I mean we went out and we looked at the 1st home, 2nd, 3rd, 4th, 5th and every single home were looking at He’s telling me how great the market is. I need to be buying every single home. If it was up to him I would have bought the very first time I saw. We walked in about our 8th home and there's a big water leak and I looked up and I'm like what do you think that's from? And he said, don’t worry about it. I would just write a contract on the home and so again I can I called him up and I said there's just like a communication. You're not listening to me. You’re fired. Good luck.

So I put things off for a little while. Then I decided to use my friend who just got his real estate license but he was part-time and I thought well, at least I could trust him and he's a really nice guy. He just didn't really know what he was doing, He didn’t really do it before and you know there’s a lot of issues but I ended up closing on my home. So the question I guess the answer is what I wish I would have known, what would have I done differently and of course it is always hard to say but I wish I would have interviewed agents. I wish I would not have looked at all agents is being the same and I did. It was a mistake and I had a really bad taste in my mouth for a long time about buying property. Which is one of the reasons I think I do why do these videos? I want to help people so this doesn't happen to you but I wish I would have looked at agents is there some good agents, there’s that look out for me, there are agents that won’t. Really spend time trying to find a good agent. Trying to find an agent that's going to look out for my best interest. An agent that has a lot of knowledge that has a lot of experience.

You know, asked questions. Some of the questions I always tell people to ask is, certainly you want to know how long they've been in business. Do they work with first time home buyers like example tell them a little about what you’re looking at your first home? If you’re looking at new construction or maybe you're looking for a rehab or whatever. Let them know because you want to see what their experience level is in that. In other words, when I was looking for my first home I don't have a lot of education. I need someone to hold my hand and guide me through the process. Not just assume I know everything but really give me an education on the process. I wish I would have asked questions. Questions that I think are good to ask a good question is why I should work with you. What makes you different than the other agents and see what they have to say. You could ask them that, you could do it face to face. If you wanted to do an email if you want to do it over the telephone but asked questions you don't need a whole bunch of questions. You don't need a list of 10 or 20 questions that you will see online. Just try to find an agent that knows what they are doing, that cares about you and has a lot of experience.

I hope this helps you. If you know anybody looking at buying or selling a home refer them to my videos. Hopefully, they’ll help them. If I could help you what so ever don’t hesitate to give me call. I wish you the best of luck. Visit my YouTube channel
for more informative real estate videos.

This post first appeared on Tampa Real Estate, please read the originial post: here

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My Biggest Mistake as a First-Time Home Buyer


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