Home Buying Basics: What First-Time Buyers Often Miss

Many first-time buyers feel ready to purchase a home, but a recent study survey found that many lack knowledge about the home buying process.

Key Findings:

• Nearly 90% didn't understand closing costs.

• 88% weren't sure of the first steps to begin buying a home.

• 80% would make mistakes when submitting a offer, such as sharing a pre-approval letter showing the maximum loan amount.

• Only 25% knew the right time to apply for a mortgage.

These knowledge gaps can lead to higher costs, delays, or missed opportunities.

How a Realtor can help:

A buyer consultation before beginning the home search helps buyers:

• Understand the home buying process.

• Prepare for closing costs and monthly payments

• Know when to involve lenders, inspectors, and attorneys.

• Make stronger, more informed offers.

Call to Action:

Thinking about buying your first home or buying another? Let's schedule a free buyers consultation so you can shop with confidence and avoid costly mistakes.

Miriam Hernandez, Broker-Owner, ELC Real Estate LLC

info@elchomes.com (source: Florida Realtor, The Business Magazine of Florida Real Estate August 2026)