In a seller’s market, it is important to avoid certain mistakes if you're buying your first home.
>Be comfortable with your mortgage payment. The down payment and interest rate are far less important than what the monthly mortgage payment. it is important that you are financially stable so you can live comfortable while still accounting for savings and life’s financial surprises. Also, don’t get emotional over a property you don’t own yet. A lot of buyers are over paying more than what they are comfortable with because its taking them much longer to find a home. But, its important to have a budget and stick to it.
Don't forget to budget for home repairs!! When you're the owner, everything that breaks is your problem!