Planning is the most important thing when it comes to major purchases. If you take time to plan every step of the process then there should be no unpleasant surprises or unexpected crises. If this is your first time buying then it’s a good idea to get some advice from an experienced buyer as well as from your agent. The more info you have the better.
Avoid impulse buying
One of the most common mistakes is impulse buying. It is important to remember that there are lots of houses and you don’t have to buy the first home you look at. Consider your options and don’t rush into making the final decision. Buying a home is an important decision and you need to keep your head on and do not rely only on emotions. Don’t ever ‘settle’ for a home when there are better options available. They may require a bit more money but you still have to be happy with the home you have purchased and ‘settling’ for a home is not going to lead to happiness.
Another common mistake is overstretching your finances. This can easily get you into a disastrous situation where you cannot afford to make payments on the home. Once again, careful planning will help you to avoid this situation. Coming to terms with your financial situation previous to purchasing the home is vital. Be realistic about your ability to pay the bills and the mortgage and have money left over other emergencies.