Whether you are buying or selling, there are certain things that you should avoid if you want to enjoy a problem free buying or selling experience. Here are some mistakes that you should try to avoid:

1.Failing to get pre-approved- For buyers, getting a pre-approved mortgage gives you a clear idea as to how much money you can safely borrow without getting in over your head. It also lets the seller know that you are a serious buyer. Finally, it starts the process of completing the necessary paperwork towards getting the required financing in place.
2.Hiring the right agent- Both buyers and sellers need to interview several agents from both small and large firms. You want an agent that is experienced and has reliable references. Do not hire the agent who promises to list your house for the highest price. Nor should you hire the agent who offers the lowest commission.
3.Failing to understand what you are signing- The sales agreement is a legally binding document. It is important that you understand all of its terms before you put pen to paper. Hiring an experienced real estate lawyer at the earliers possible opportunity makes sense, particularly if the transaction is unusual or complex. It is always wise to have a team of professionals on your side so that you avoid making costly mistakes at the high pressured time when the all important terms of the deal are being negotiated.
4.Failing to Understand the Buying or Selling Process- Making a rash decision without understanding what is involved can be disastrous, particularly when the decision to buy or sell a house is involved. The process takes time and should involve some pre-planning to understand how all of the pieces will come together. Working with an experienced real estate agent will help you to understand how the process works from beginning to end as well as to explain some of the problems that may arise during the process.
5.Losing Perspective- Selecting your dream home without stepping back and assessing whether it makes sense from an overall standpoint is a big mistake. Does the home suit your tastes? Does it make practical sense from an economic standpoint? Is it practical from a commuting standpoint or other important issues? You need to make sure that this home makes sense and does not only fulfill a temporary need. Take time to assess this before making a commitment that you may regret.