Buying a new property, be it a home or an investment is anything but a cakewalk. For most of us, it's a lump sum investment and there's a dream attached to it. Have you had any problems purchasing a new home? If that's the case, you're not the only one.

According to a new study, most house buyers experience problems when buying a property and it’s rarely smooth sailing. Here are some of the most common problems real estate buyers might encounter:

1. The chain of buyers

The most probable explanation for a delay in the purchase or sale of a property is that each link in the chain moves at a different rate. While some first-time buyers may be eager to close the paperwork quickly, others may need more time and help to get through these preliminary steps. This usually causes haste and can often take time to collate. This reason sums up almost 19% of all the problems faced by home buyers.

2. Finding the right property

18% of the total real estate buyers face difficulty finding the ideal property, especially first time buyers. Considering the location and amenities play a vital role here. The adage "location, location, location" is still king and continues to be the most important facfirst-timetor for profitability in real estate investing. Always remember that the idea of the perfect property changes with every individual's perspective.

3. Problems with mortgage

They say the road to homebuying is mostly riddled, especially the one with mortgages and bank loans. You are more likely to stay out of financial difficulties if you can prevent issues that may arise when you apply for a mortgage. Almost 10% have faced issues with mortgages and federal loans.

4. Expectation vs reality

It happens most that you expect something later, and reality then disappoints you. Let it be the amenities, the interior, or worse, the termite situation. To avoid such situations, make sure you visit the place multiple times and check the quality of everything possible. Almost 15% of buyers face problems in similar circumstances.

5. Difficulties with the conveyancer

Almost 10% of the buyers experience issues and delays in the conveyancing process. However, you can always have your lawyer limit the chance of problems occurring and deal effectively with any issues that do arise to prevent them from escalating. It is important to be aware of the potential pitfalls and be ready with solutions. Delayed payments, property issues and offers can be the most frequently occurring problems.