Buying a home may seems to be a difficult task, but a little preparation will help you out. Check out these few common mistakes of first-time home buyers
1)When it comes to buying your house one should know how much they can afford. 2)Buying the home without seeing the property. 3)No Lawyer 4)No eventualities 5)Finding home through a wrong agent. 6)You should know the resale value of your home
All these factors are quite important. You can search for home in various real estate free classified websites like http://www.wohho.com/all/real-estate--all--all, where you will get an idea of cost and proper location before buying a home.
Don’t … buy a house if you’re planning to move again soon : If you’re a renter, it can be frustrating to write that rent check every month and have no home equity to show for it at the end of the year. But if you aren’t certain that you’re going to stay put for a few years, it’s probably not the right time to buy—equity or no equity. “Some people tend to buy a house knowing that they’re going to be relocating after a few years,” says LearnVest Planning Services certified financial planner Ellen Derrick. “Don’t buy property and automatically assume that you’ll be able to rent it out or sell it when you move.”
What to do: If you aren’t in an area with a strong rental market that would allow you to cover the mortgage on your home if you move elsewhere, then stick with a rental for now.
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