In today’s housing market, finding an affordable home, let alone a dream house, has become difficult. If you come across a property that seems a perfect fit, it can be tempting to jump at the opportunity and finalize the purchase. However, making a hasty decision can cost a dime. It’s essential to consider certain factors before making such a significant investment. The following article explores common mistakes you should avoid when buying a dream home. Not getting a pre-approved loan Before looking for housing options, it’s important to obtain a loan pre-approval from the bank if you opt for financing aid. There are two reasons why it is a crucial step. For starters, a pre-approval lets you know the loan amount that you qualify for, and based on that, you can set a realistic budget and make a wise financial decision. Secondly, the home seller and the agent are more likely to trust the credibility of the buyer’s deal if one has a pre-approved loan. Without it, there is a high chance that the seller may not take the deal too seriously and decline the offer, making you lose out on the option. Not checking the credit score Before approaching the bank for a loan pre-approval, check the credit score.