Not Knowing the Neighborhood: Lack of knowledge about the neighborhood can result in living in an area that doesn't meet your preferences or needs.

Choosing a Risky Loan: Opting for a risky loan, such as an adjustable-rate mortgage, without understanding the potential risks can lead to unexpected increases in monthly payments.

Overspending on a House: You may fall in love with a home, and overspending on the house can strain your finances and limit your financial flexibility in the future.

Skipping the Home Inspection: Not getting a professional home inspection can lead to unforeseen issues and expenses after the purchase, potentially causing stress and financial burden.

Competitive bidding: In hot housing markets, buyers may have to compete with multiple offers on a single home, making it difficult to secure a property.