Buying your first home is exciting — but it can also feel overwhelming. Most new buyers turn to a real estate agent for guidance, and for good reason: the process is complicated, and having a professional on your side can be valuable.
But remember: while an agent works for you, the incentives in real estate don’t always perfectly align with your best interests. To get the most out of your homebuying journey, here are eight smart tips Creditvana recommends for first-time buyers.
1. Remember: Your Agent Works for You
It’s easy to assume that the agent with decades of experience makes the decisions. Not true. Your real estate agent is your representative — they provide advice and negotiate on your behalf, but you make the final call. Stay in control.
2. Don’t “Fall in Love” Too Fast
Agents often say, “You’ll know when you fall in love with the right property.” But love can cloud judgment. Falling too hard may lead you to overpay or overlook costly repairs. Aim for a healthy “like” instead. You’ll have plenty of time to love your home once you’ve moved in and made it yours.
3. Be Willing to Walk Away
One of the strongest positions a buyer can hold is the willingness to walk. If your demands aren’t met, don’t be afraid to move on. Often, sellers will circle back once they realize you’re serious — and sometimes on better terms.
4. Time Is on Your Side
As a first-time buyer, you’re not stuck waiting to sell an existing home. That gives you leverage. You can take your time, make lower offers, and negotiate without pressure. Sellers, especially in a buyer’s market, are often more motivated to move quickly than you are.
5. Your Agent Is Not Your Friend
Agents only earn when you buy. While many have your best interests at heart, their financial incentive is to close deals — sometimes quickly, sometimes at higher prices. Be friendly, but remember this is a business transaction. Treat your agent as a skilled partner, not a best friend.
6. The Listing Agent Can Work in Your Favor
Listing agents are motivated to convince sellers that your offer is the best they’ll get. Why? Their commission doesn’t change much if the home sells for slightly more, but they still benefit from closing the deal. Use this to your advantage when making offers.
7. There’s No Such Thing as an “Embarrassingly Low” Offer
If a house has been sitting unsold, don’t be afraid to start with a lowball offer. At worst, the seller rejects it. More often, it opens the door to negotiation and counteroffers. Remember: your first offer is just the beginning of the conversation.
8. Consider Online Real Estate Companies
Traditional agents usually earn around 3% commission, but newer online real estate platforms can sometimes save you money. Companies like Redfin may offer rebates on commissions and even pay agents salaries instead of commissions, reducing conflicts of interest. The service may be less personalized, but the potential savings can be worth it.
Bottom Line
Buying your first home is one of the biggest financial decisions of your life. A good real estate agent can be a valuable ally, but you need to stay informed and protect your own interests.
By keeping emotions in check, shopping smart, and remembering that time is on your side, you’ll be
