These tips may help you to avoid the tricks and traps of buying your first home or property.

Agents 

Your real estate agent may suggest people for inspections or valuations. These could be people who they have connections or affiliations with, so if possible seek independent advice!

Your Dream Home

Your first home is not likely to be your dream home, keep in mind what you can afford.

Mortgages

Be careful of borrowing too much and added costs such as lenders or lawyers fees. Make sure you get pre-approval and shop around for rates and terms.

Buying When You're Not Ready

Buying a home is a great way for the average person to build wealth over the long run, but it's not for everyone - if your finances are uncertain or your job prospects are up in the air you might want to wait.

Failing to Investigate the Neighbourhood

Observe neighboring properties at different times of the day and week, and also check for planned developments in the area - commercial properties etc, that may affect the value of the property.