Buying a home is one of the largest purchases you will ever make. Whether you begin with a starter home or hold out for your forever home, it requires thought and consideration before diving into homeownership. The advantages of owning a home include; a place which can be customized, a place to call your own, and financial gains in the form of appreciation. The shortfalls include an asset which may be difficult to sell if you need to move suddenly, and time is required to build enough equity to cover the costs of selling. Purchasing a home also requires cash up front in the form of a down payment and closing costs.
Taking the following steps will create a smooth buying process and ensure you get the most value for your money. Read more