6 mistakes I made when buying my first home that ended up costing me the house - Business Insider

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We made quite a few mistakes along the way, including not vetting our realtor and putting zero down on our VA loan

since then. And you can bet that when it comes time for us to buy another home, I'll be double-checking all that research again. Since we're a military family, we simply googled "military realtors in Fairbanks" and went with the first result.

Even though the pipes in the septic field were sticking out of the ground at a 45-degree angle and there was standing water everywhere on the property, the home inspector said that wasn't a problem. Homes built on permafrost often have shifting ground, the inspector said, and it's not a problem. Next time, we won't rely on an "old buddy" to inspect the home. Just like with the realtor, we'll do our due diligence andWe thought we'd just be able to float any home repair expenses with our monthly cash flow. At worst, we'd be able to take out a loan to cover any larger repairs. Boy, were we in for a surprise.

 

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