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10 Mistakes First-Time Homebuyers Make in Georgia

The avoidable missteps I see most often — and exactly how to sidestep each one so your first purchase goes smoothly.

Homebuyer Education · May 30, 2024

After helping a lot of Georgia families buy their first home, the same handful of mistakes come up again and again. The good news: every one of them is avoidable.

The ten

  1. Shopping before getting pre-approved. You need to know your number first.
  2. Settling for a weak pre-qual. Get a real, document-backed pre-approval.
  3. Assuming you need 20% down. Plenty of programs need far less.
  4. Forgetting closing costs. Budget the full cash-to-close, not just the down payment.
  5. Maxing out the approval. Buy the payment you're comfortable with, not the ceiling.
  6. Making big financial moves mid-process. No new credit, no large deposits, no job changes.
  7. Skipping the inspection. Waiving it to win can backfire expensively.
  8. Not comparing lenders. The first quote isn't always the best one.
  9. Ignoring property taxes and insurance. They vary by county and move your payment.
  10. Going it alone. A good agent and lender are free guidance — use them.

Notice how many of these trace back to the pre-approval. Start there, with a lender who reviews your real documents, and most of this list takes care of itself.

Let's get your first purchase right

I walk first-time buyers through every step in plain English. Reach out and we'll start with a no-pressure conversation about where you stand.

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This article is general education, not a commitment to lend or an offer of credit. Program availability, terms, rates, and qualification guidelines vary by lender and are subject to change; all loans are subject to underwriting and final approval. Market figures are approximate and change over time. For guidance specific to your situation, reach out directly. Garrett Potz, NMLS #631592 · Affinity Home Lending, Company NMLS #1181151 · Equal Housing Lender.

First-Time Buyer?

Let's avoid the costly mistakes.

Plain-English guidance from a local broker who'll take the time.

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📞 (770) 401-1759  ·  ✉ gpotz@affinityhomelending.com