If you are about to buy a new home make sure you know what you are doing. You should be more careful if you are a first time buyer and avoid the mistakes that many potentials buyers normally make. This will help you enjoy your new purchase, instead of having any regrets later on. The top 5 blunders that potential buyers make are:

1. Forget to execute a market research: It is very essential to study the current rates of homes in the real estate market, so that your agent does not get a chance to fool you.

2. Not hiring an experienced real estate agent: A first time buyer should get a realty agent who is acquainted in the tricks of the trade and he/she should also offer Home Buyer Rebates.

3. Skipping home inspection: You must never forget to inspect every nook and cranny of the home you decide to buy, particularly on the day of closing. If you do not then you will probably end up paying more on repairs.

4. Ignoring Mortgage Pre-approval: Before you buy your home, you need to look for the right mortgage plan and also get it pre-approved by a lender.

These small tips will surely help you avoid the most common blunders made in the real estate world.