1. Not getting pre-approval – In order to look at homes you can realistically afford, the first step in buying a home is knowing what your budget can afford. Contact a lender and go through the pre-approval process before you start looking. It will prevent disappointment and wasted time.

2. Not choosing the right agent—You want an agent that will work for you and understands your needs and financial limitations. Get recommendations from friends. Make sure your agent is familiar with the area and price range you are looking at.

3. Failing to think about what you really want in a house before you start looking. Making a list of the things you are looking for and what you really want will help your real estate agent narrow the search and will save you time and money in the long run.

4. Not looking at the neighborhood. Take time to consider the neighborhood(s) you are looking in. Go back at various times during the day and week and make sure that the activity level is appropriate for your needs. Talk to your potential neighbors and ask what they like about living there.

5. Not considering resale. Make sure that the house that you love will be a house that others will love in the future. Also, make sure that your house is priced in line with your neighborhood. It's never a good idea to buy the most expensive house on the block.

6. Not doing an inspection. You should never buy a home without having it inspected. Home inspections typically run from $300 to $600 and usually include a check of the HVAC system, plumbing & electrical systems, roof, walls, foundation/structure, drainage, garage & basement. An inspection helps you know before you buy what problems you might or might not be facing in the future.

7. Making an unconditional offer. Protect yourself by making your offer contingent on financing, inspection & insurance.

8. Not shopping around for the best mortgage at the best rate. Once you decide on a house, give several local lenders a chance to compete for your business. Shopping around often gives you a better rate.

9. Not keeping the closing costs in mind. Remember that in addition to your down payment for your house, there will be closing costs associated with your transaction. Contact your title company to get an idea of what those will be.

10. Having buyer's remorse. No place is perfect. Don't let a few initial blips spoil the whole ride. You could miss a great house while waiting for the “perfect” one.