Watch out for these common mistakes, don’t fall pray to them!

1. Remorse – Don’t sweat the small stuff, not every home on the market is perfect. You’ll have to fix a few things, but don’t let it get you down

2. Resale – Just because it’s the biggest one on the block, does not mean you should buy it. If anything, the smaller houses will weaken the value of your own.

3. Review – Love at first sight does not mean “buy without checking”. Make sure the home has everything that You need; number of bedrooms for children, backyard for playing, off the main road due to traffic, etc.

4. Fine Print - Make sure you read all the information before you make the contract legal and binding. Don’t let anything sneak up on you down the road.

5. Buying Alone – Bring a whole team with you to get an idea of the home better. Have a lender, lawyer, insurer, and inspector. Ask questions before you buy as well.

6. Loan No More – Just because you can be approved for more, does not mean you should. Make sure that your total monthly debt is no more than 36% of your income before tax.

7. Trust – Ask questions, do some research, and don’t be afraid to speak up. There should be trust between yourself and your agent, as well as with the lender and seller.

8. Get Pre-Approved – There is no need to look at houses without knowing the limit. You may want one for $250,000, but your approval is only $100,000.

9. Know the Appraisal – If it is lower than the sale price, then your loan could be declined. Obtain adequate hazard insurance, get a thorough home inspection, and make sure there is equity in the home.

10. Get it in WRITING – If the seller offers to give you something along with the house (like a sofa), make sure it is in writing.