local market
Not understanding a local market and all that is available.
foreclosures
Thinking that it is both safe and easy to buy foreclosed and short sale homes. These purchases typically have extra or different processes than normal transactions.
pricing
Not understanding pricing and the value of certain amenities.
negotiating
Weak negotiating. This mistake alone can cost the buyer thousands of dollars.
inspections
Not requiring the proper inspections and/or not understanding these reports when an inspection is done.
pre-approval
Not understanding the importance of being pre-approved by a Lender prior to beginning the home buying process.