One of the largest mistakes first time home buyers make is taking on more house than they can afford. As a general rule, home buyers should look at spending no more than 30% of their take home pay on housing. This 30% encompasses more than just the mortgage payment.

Making a home purchase involves many components and people that need to come together seamlessly in order for the transaction to move along. Knowing what to avoid when beginning that new home search can help you avoid stressful and disappointing moments in your real estate purchase.