Home Buying Mistakes to Avoid.
Forbes shared the top seven home-buying mistakes you should avoid, and they are good items to know and not to do. This is an informative article!
1) Don’t buy a house if you are planning to move soon. If you may be moving in a few years, and you aren’t prepared to be a landlord (or don’t know if you will get enough rent to MORE than cover your mortgage, since you have to plan for repairs, potentially for a property management professional, possible hike in taxes or insurance…) then it may be a good idea for you to rent instead of buying.
2) Don’t make yourself house-poor. You still want to be able to live your life. Do you like to eat out? Go to Ravens games? Your best bet is to sit down with a mortgage professional to go over options. Find out how much you can afford — and then find out what you can REALLY afford. What you may be able to do “on paper†may not be in line with feasibility within your lifestyle. What is the point of owning a home if you can’t furnish it or enjoy it?
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