Top 5 Mistakes First-Time Homebuyers Make in North Carolina (and How to Avoid Them)

Buying your first home is exciting—but it can also feel overwhelming. Between financing, inspections, and moving timelines, it’s easy to make mistakes that cost time, money, and peace of mind.

As a local agent serving the Fort Liberty (formerly Fort Bragg) area, I see these missteps often—especially for military families and young buyers entering the market for the first time. Let’s break down the top 5 mistakes first-time homebuyers make in North Carolina—and how to avoid them.

6955 S West St. Godwin, NC 28344

1. Skipping Pre-Approval Before House Hunting

The mistake: Many buyers start shopping before talking to a lender, only to fall in love with homes they can’t afford—or miss out on offers because financing isn’t in place.

How to avoid it: Get pre-approved before you start looking. It clarifies your budget, strengthens your offers, and helps you compete in North Carolina’s fast-moving market.

2. Underestimating Closing Costs and Expenses

The mistake: Buyers often budget only for the down payment and forget about closing costs (typically 2–5% of the purchase price), inspections, moving, and future maintenance.

How to avoid it: Ask your agent and lender for a full estimate upfront. In some cases, sellers may agree to cover part of the closing costs—especially if it makes your offer stand out.

3. Not Using VA Loan Benefits (Military Buyers)

The mistake: Many service members and veterans don’t fully leverage their VA loan benefits, which allow for 0% down payment and no private mortgage insurance (PMI).

How to avoid it: If you’re eligible, explore the VA loan option. It’s one of the best financing tools available and can make homeownership more affordable in Fayetteville, Hope Mills, Raeford, and beyond.

4. Overlooking Resale Value

The mistake: First-time buyers sometimes get tunnel vision on their “dream home” without considering how easy it will be to sell later.

How to avoid it: Think long-term. Look for properties in desirable school districts, close to Fort Liberty, or with features that appeal to the widest pool of buyers. Even if you only plan to live there a few years, your resale value matters.

5. Going It Alone Without Professional Guidance

The mistake: Some buyers try to navigate the process without an agent—thinking it saves money. In reality, it often costs more in missed opportunities, negotiation mistakes, or overlooked inspection issues.

How to avoid it: Work with a trusted local agent (like me 👋). As a buyer, your agent's fee could be covered by the seller. Having professional advocacy is a no-brainer.

Frequently Asked Questions (FAQ)

Q: How much do I need for a down payment in North Carolina? A: It depends on your loan program. VA loans require 0% down, FHA loans as little as 3.5%, and conventional loans often start at 3–5%.

Q: How long does the homebuying process take? A: From accepted offer to closing, expect 30–45 days. Pre-approval and planning ahead can speed things up. I have a lender that can close as soon at 15 days.

Q: What’s the average home price near Fort Liberty right now? A: As of this quarter, homes in the Fayetteville area are averaging around $240K–$250K, with prices varying by neighborhood and property type.

Q: Should I buy now or wait? A: It depends on your financial readiness. If you’re stable in your career, have manageable debt, and can comfortably afford the monthly payment, buying now helps you start building equity instead of paying rent.

Final Thoughts

Buying your first home in North Carolina doesn’t have to be stressful. With the right preparation, guidance, and resources, you can avoid costly mistakes and move into a home you love—with confidence.

If you’re ready to explore homeownership or want to connect with a trusted lender, let’s talk.

📲 Call me at 910-916-9315📧 Email: cassie@birchandbeamrealty.com📲 Follow me on Instagram @closewithcassie_nc for more first-time buyer tips.

Close with Cassie. Buy smart. Build equity. Live confidently.