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| Home > Home Buying Guide > Am I Ready to Buy a House? > Is Buying a Home Right for Me? |
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March 16, 2010
Is Buying a Home Right for Me?
View our select resources to make a well informed decision about whether buying a house is right for you. Know the risks, costs, and benefits of buying a home. |
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| Thinking about Buying your First Home |
A practical look at the factors the first time home buyer needs to consider before buying a home. Determine if you will be in the home long enough to cover the buying and selling costs. Consider home features that will meet your needs now as well as in the future. Carefully consider the source from which your downpayment and closing costs will come and be aware of the additonal costs of home ownership.
From the resource: "Just how long does it take to cover the buying and selling costs? That depends on various economic factors. Most parts of the country have an average of five percent appreciation per year. In this case, you should plan on staying in your home at least three to four years to cover buying and selling costs" |
| Source: Really Great Rate |
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