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Buying a home can be an exciting time in your life. However, it's easy to overlook some very important issues with home buying as you get swept up in all the excitement.

I have bought and sold over a dozen homes in my life and have learned some very basic, but important steps in the process.

1. Get financing first
2. Be honest with your Realtor
3. Don't look at furnishings

4. Get that inspection
5. Due diligence

Get financing first This may seem a little backwards to some people, but knowing how much home you can comfortably afford before going in cuts out a lot of wasted time in shopping. Let's not forget that the mortgage payment isn't the only money aspect. There are property taxes, homeowners insurance, association fees and maintenance. Plus if you have been renting, there are utility payments like the water, heating/air conditioning or a trash bill that may have been covered in your rent that will now come out of your pocket.

Knowing exactly how much of your monthly budget is available for all these costs makes it easier for your lender to translate that into a purchase price or monthly mortgage payment. One of the most important facts about financing is that it is not legal in most states for a lender to ask for a fee to make application. Pay attention to all fees and ask questions. If you can't get a clear understanding about certain charges, you may want to find another lender.

Your Realtor may recommend a lender, but be careful here too. Sometimes they have a partnership and earn a fee or a kickback for every person who gets approved. They may not have the best financing product for you so, again, ask questions.

Be honest with your Realtor Let them know up front exactly how much you can afford to pay, then stick to it. Some Realtors are specialists in certain neighborhoods and will have a lot of community information at their fingertips. A good Realtor is not pushy! They will never force you into a bidding war or to make snap decisions

Most people don't buy one home and live there until they retire. In fact, the average amount of time of ownership is less than seven years. The homes that sell the easiest and the fastest are the ones with three bedrooms and three baths, so keep resale in mind.
Remember, this person will negotiate on your behalf. Not just the selling price but for repairs or credits as well. Make sure you like them and can easily understand one another before you sign any contracts.

Don't look at furnishings When you're looking at homes it's

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