Buying a House? | DON'T Make These 6 Common MISTAKES!

Buying a House? | DON'T Make These 6 Common MISTAKES! Whether you are a first-time home buyer or have been through the process before, there are pitfalls you'll want to avoid to save time and money when buying a home. In this video, we will review common mistakes home buyers make and how to avoid them in the US real estate market.
Timeline:
00:00 - Intro
00:00 - Down Payment
01:57 - Emergency Fund
02:34 - Out of your budget
04:23 - Debt-To-Income Ratio
07:43 - Not Understanding All Costs Involved With Homeownership
10:01 - Not Thinking Of Resale Value
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🔴DISCLAIMER: All content provided on this TH-cam channel and via this channel (including documents and sheets) are for educational and entertainment purposes. The owner of this channel, Anne Katrin Pfitzenreiter, PLLC (Katrin), makes no representations as to the accuracy of any information on this site or in the documents. The information on this channel does not substitute consultations with local real estate agents, mortgage brokers, insurance brokers, financial advisors, and lawyers. The information provided is subject to change, as they so often do in this fast-paced world. The use of the internet and digital methods for communications with Katrin such as e-mails and sharing of the documents/sheets described in this video does not establish a formal business relationship. Katrin or any of the channel guests will not be liable for any mistakes in this information. Katrin or any channel guests will not be liable for any injuries or damage from the display or use of this information.
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[@katrinreal]

GET THE COST OF LIVING EXCEL SPREADSHEET: mailchi.mp/f961f225affc/cost-of-living-excel-spreadsheet
USE THE DEBT-TO-INCOME RATIO CALCULATOR: www.ramseysolutions.com/debt/debt-to-income-ratio-calculator

[@cindyonyoutube]

Very helpful, as always!

[@katrinreal]

Thank you Cindy for watching …

[@pc3666]

Another great video, thank you!

[@katrinreal]

Thank you for stopping in :).

[@momof4121]

Most Americans don’t have money saved up😔 we are living paycheck to paycheck for anyone making less than 150k in large metro areas we are poor but we can’t continue to rent

[@maddierosemusic]

I think a realtor should not be showing homes to people who can not qualify for them. The realtor should know the financial situation of the buyer. In Virginia, commonly you have to show your bank statements / proof of funds or they won't even accept your offer and waste everyone's time. Perhaps the thing which could be a problem is will the house appraise? Maybe sellers should pay for an appraisal just so they have that knowledge as well. Another reason cash is king.

[@katrinreal]

I believe most realtors know the financial situation of a buyer. In the past though, a buyer may have previously been allowed to attend a few home showings without a pre-approval letter.