11 common mistakes homebuyers make

It’s easy to overstretch financially or to overlook something you shouldn’t when you see a new home you’d love to own. Here are 11 home-buying mistakes and how to avoid them.

Assuming that buying is always better than renting

Depending on how long you plan to stay in your home, buying may not be the best option.

When you get preapproved for a mortgage, a lender will typically tell you how much of a loan they might approve you for.

Medium Brush Stroke

Buying more home than you can afford

Not considering all of the costs involved

Many clients don’t have enough savings to retain an emergency fund for up to three to six months after they close on a home.

It is a good idea to prioritize what factors are most important to you and your lifestyle.

Medium Brush Stroke

Not considering your lifestyle


Finding a financial advisor doesn’t have to be hard. SmartAsset’s free quiz matches you with fiduciary financial advisors in your area or who serve your area. If you are ready to be matched with financial advisors that can help you achieve your financial goals, take the quiz now.