After 8 years in the mortgage industry. I can say that these are the largest errors first time home buyers make. You can avoid these common mistakes and make your first home buying experience a pleasurable one.

1. Be Realistic - The first home for most home buyers is one that is on the smaller side, affordable, probably needs some work, and may not be in the most desirable part of town but does not have to be in a bad part of town either. Almost never is your first home your perfect home.

2. Watch Your Budget - It is very crucial that you watch your budget. Just because the lender says you are approved for a certain monthly payment does not mean it is affordable. If you are struggling at the end of the month then increasing your outflow an extra $200 a month is not a wise choice. You know your budget and finances better than anyone else.

3. Consider The Resell - Eventually as your family grows as well as your wages you will want to buy a bigger property in a nicer neighborhood. When buying your first piece of real estate ponder about how difficult the property will be to sell in the future. For example, manufactured homes are one of the most difficult properties to finance, thus it will be more difficult to sell.

4. Buying A Fixer - Almost every property will require some work. This includes, paint, landscape, flooring and fixing lots of little things. Make sure you have some assets set aside for these things. You don't want to put it on credit cards and increase your monthly budget.

5. Buying Acreage - You need to realize that if you buy a home with lots of land you are really purchasing a part time job. If you have never lived on a large piece of land I would really recommend that you speak with someone who does reside on lots of land to get a good understanding on how much work it entails.

6. Not Having Any Money - While it is possible to buy a home with no down, there are still fees associated with purchasing a home such as paying for an inspection, well tests or even engineering certifications. Also you will need some cash for repairs, moving, utility deposits, appliances, meals and a variety of other unknown costs.

If you are considering about purchasing a property, I would highly urge you to ponder those 6 big mistakes home buyers make. Buying your first house is the largest financial decision you are going to make. Buying your first property the right way will make you a happy house in the years to come.