A great article by Liz Weston tells home buyers what to look out for when buying a home. We recommend reading her entire article as it outlines the 8 biggests mistakes people make, such as:

Not fixing your credit
Not looking for first-time home buyers’ programs
Not getting pre-approved for a loan
Borrowing too much money
Not shopping around for rates and terms
Paying junk fees
Not planning for closing costs

This reference is added to our homeowner articles section