Common Mistakes When Buying for the First Time

First-time buyers are finding the housing market challenging to break into. On average, they have to put in 3.8 offers before their offer is accepted, which is higher than the 2.5 offers that repeat buyers typically make, according to a new survey of about 2,000 U.S. adults from NerdWallet, a personal finance website.

Further, 56 percent of first-time buyers say they offered more than the asking price before they were successful in their home purchase. For comparison, 35 percent of repeat buyers say they offered more than the asking price.

Here are common mistakes first-time buyers often make.