First-Time Buyer in Maryland? Avoid These 5 Common Mistakes

Thinking about buying your first home in Maryland? Whether you're relocating from out of state, or finally ready to stop renting, your first home purchase is a big deal—and it's easy to make costly mistakes if you don't know what to expect. 

At Salvato & Co. Real Estate, LLC, we help first-time homebuyers across Anne Arundel, Howard, Prince George’s, and surrounding counties avoid the most common pitfalls.

Here's what to watch out for: 

1. Searching for Homes Before Getting Pre-Approved 

One of the most common mistakes first-time buyers in Maryland make is shopping before securing a mortgage pre-approval. Pre-approval tells you what you can afford, strengthens your offer, and saves time. In competitive markets like Odenton, Columbia, and Crofton, not being pre-approved can mean losing out to other buyers. 

Pro Tip: If you're eligible for a VA loan, choose a lender experienced with VA financing. It can make a huge difference in speed and stress. 

2. Underestimating the True Cost of Homeownership 

It's not just about the down payment. First-time buyers are often surprised by closing costs, property taxes, homeowners insurance, and HOA fees. In Maryland, these can add up fast depending on the county or city you're buying in. 

You should also budget for: 

• Initial repairs or upgrades 

• Utilities (especially in older homes) 

• Moving expenses 

3. Choosing the Wrong Real Estate Agent 

Hiring a cousin in another state or picking an agent off Zillow with no local knowledge is a fast track to frustration. You need someone who knows Maryland neighborhoods, understands current real estate market trends, and can guide you through inspections, negotiations, and financing. 

At Salvato & Co., we’re based near Fort Meade and work exclusively with buyers and sellers in Maryland. We know how to spot red flags and how to get your offer accepted—without the guesswork. 

4. Skipping the Home Inspection 

In a hot market, it might be tempting to waive contingencies to “win” the deal. But skipping a home inspection can be a major mistake—especially in older homes with hidden issues like foundation cracks, mold, or outdated electrical or plumbing systems. 

Fact: Even newer homes in Maryland can hide major problems. You can help protect yourself by scheduling an independent inspection. 

5. Letting Emotion Override Strategy 

It’s easy to fall in love with a home because of the kitchen backsplash or backyard swing. Some agents even encourage emotional attachment before fully considering whether a property makes sense.

At Salvato & Co., we flip that approach: First, we ask—does this property align with your goals and budget? Then, we consider how it makes you feel. Logic first, emotion second. That’s how you make a smart, lasting investment. 

Ask yourself: 

• Will this home hold its value? 

• Is the price supported by comparable sales? 

• Does this property work for your long-term goals? 

We walk our clients through smart decision-making frameworks to ensure the home fits their lifestyle and their financial future. 

Let’s Make Your First Home Purchase Smooth and Strategic 

Buying your first home in Maryland doesn’t have to be stressful. With the right team, you’ll avoid costly mistakes and make a smart investment in your future. 

Ready to take the next step?  Schedule a Free Consultation or visit our Buying & Selling Services page to learn more.