6. Assuming your first offer will be accepted.  With home prices becoming more affordable, more people are looking to buy.  You may encounter competition for a home you want so don’t get too discouraged if you lose out on a house.

3.  Showing your true feelings about a home.  Don’t let the seller’s agent know how much you love his or her listing.  That gives the Seller an advantage during negotiations.
Check back later for #4.

2.  Assuming foreclosures are great deals.  Due to the significant decline in home values, purchasing a foreclosure may not be the best choice.  The lender will still try to recoup their investment even if the home value has dropped.  You must also take into consideration possible damage to the home from the previous owners, vandals, or [...]

1.  Not knowing how much they can afford.  Before you fall in love with a house you can’t afford, talk to a qualified lender and get pre-approved for a mortgage.  Then you’ll know in which price range to look.
Check back tomorrow for #2!