Waste of time. It is important not to rush into making a decision such as buying a new building, but not to spend too much time searching is not an option. A decision must be made in a timely manner, otherwise you risk losing the property in front of another bidder.
Wrong budget estimate. Take into account all the expenses, from maintenance to repairs and renovations, as well as all the taxes and taxes that you have to pay. Consult both your agent and your accountant to make a budget plan large enough to cover all expenses.
To distract attention from the set goal. "The perfect home" is the dream of anyone, but be careful not to turn the search for a home into a continuous search. You might overlook a property that fits into your budget and could become your "dream home" because at the moment you don't make the difference between what you want and what is available on the market at that time. The more you look for, the more you will pay more money for rent, money you could pay for your home.
Thinking about the problem only in the short term. It would be good to consider the sale, over a shorter or longer period of time of the purchased property. You can never say for sure what will happen in the next few years, maybe your family will be larger or you may have to work in another city. On average, the first home purchased is sold after a period of 4-5 years. Also, keep an eye on 4 for new projects initiated by the local administration (new roads, parks, metro stations) as they can greatly increase the value of your home.
Don't make major compromises. While some compromises are inevitable, avoid those that will not allow you to deal with the elements that matter to you in search of a property. If you do not want to live "wall to wall" with someone, then opting for an apartment would be a mistake. Also, if you are planning to start a family, do not buy a semi-detached 2-room apartment when you know very well that you need a detached one with at least 3 rooms.
Wrong reduction of expenses. If you do not hire a real estate agent or if you go through a home inspection you will only put money aside in the short term. With the passage of time, your home will need severe repairs and you will find yourself in a situation where you will have to give 2 times more money than you thought you would set aside in the beginning.
Not hiring a real estate agent. Real estate is in perpetual change. Even if you have bought a house before, there is a great chance that the legislation will have changed. It is within the competence of an agent to be up to date with the laws in this regard and to guide you at every step throughout the process of purchasing a home. A professional agent will know how to verify the documents of the property you want, will collaborate with lawyers and notaries, will recommend a bank for obtaining the loan and will handle the completion of the credit file (both regarding you and on Seller) thus sparing you any problems that may arise later, and thus save you time and money.
Premature attachment of the property. Do not attach yourself to the house before inspecting it properly. An attractive facade can hide a black hole for your budget. At the same time, if you can see that you are very interested in buying the respective property, you may have to lose in the subsequent price negotiations, ending up paying more than its real value.