Source: Realtor —
First-time homebuyers may be the ones who use the term “dream house” the most. And they may also be the ones who then wake up in their new home and ask, “What was I thinking?!” about the property they bought.
Or, more accurately, “not thinking.” Real estate rookies are notorious for overlooking key aspects of a property before taking the plunge. And they may sometimes pay a steep price for it.
“Failure to look at all the details can have first-time homebuyers missing damaged or aging systems,” says Craig McCullough, a real estate agent with The Catalyst Group at Compass in Washington, DC. “A financial and often emotional cost comes when these systems break after closing and the repair or replacement is the burden of the buyers.”
