This blog is provided by Mecca Property Group.
First home buyer activity has seen a huge jump in the past six months, thanks to the government's 5% Deposit Scheme.
Despite the government's helping hand, the buying process can still be challenging, given that most of these new buyers don’t have any experience finding and negotiating a property deal.
Most first-home buyers are competing in fast-moving markets, dealing with unfamiliar terminology and making decisions under pressure. In that environment, mistakes are often caused by the emotion that comes with the process.
The difference between a good purchase and a costly one is rarely about timing or luck. It comes down to preparation and, more importantly, emotional discipline.
These are the five most common mistakes first-home buyers make — and where things tend to go wrong.