This may sound odd, but not all sellers are motivated to sell their property. Some sellers have unrealistic price expectation, and no pressing desire to close a deal. In these cases, it is often best to avoid these kinds of sellers, because just as a seller needs to trust that you will carry out your agreement to close in good faith, you have to have the same confidence in the seller.

Few buyers realize this, but did you know there's a difference between being pre-qualified and pre-approved? Understanding this distinction can make a difference in whether you get the home you want or not, in some cases.

What is mortgage pre-qualification?

It's important not to make any major credit purchases if you are planning on buying a home soon. Any monthly payments you are making will decrease the size of loan you qualify for by a ratio of about 100:1.