We hope this tutorial has made buying a home seem less intimidating and more manageable. There’s no question that it’s complicated, stressful and time-consuming enough to feel like a second job, but millions of people have gone through the process relatively unscathed.
Owning a home can be a significant source of wealth and a significant source of comfort, stability and happiness. And if, after owning a home for a while, you don’t find yourself in the majority of people who love owning a home, you can always sell it and try again with a new place or even go back to renting. You might have to weather a down market before you can sell, but the decision to become a homeowner, though huge, doesn’t have to be permanent. In fact, as your life changes, you'll likely go through this process more than once.
The important thing is to educate yourself before you do it. Don’t let the mystery factor or the intimidation factor of the home-buying process scare you away from your dream of home ownership.And don't fail to research all the possible benefits available to first-time homebuyers, if that's your situation. Remember, if you haven't owned a house or apartment in two years, you may qualify for these benefits again.
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Personal Finance
7 Smart Steps Every New Homeowner Should Take
Don't let the excitement of owning your own home lead you to make bad financial decisions. -
Taxes
The Truth About The First-Time Homebuyer Tax Credit
The $8,000 tax credit might be the push you need to buy your first house, but there are some things you need to know first. -
Investing
6 Signs It's Time To Buy A House
Are you ready to buy a home? Find out if it's the right time for you to enter the real estate market. -
Investing
The Top 4 Worries That Keep Homebuyers Up at Night
What are the top four things homebuyers worry most about? Money, money, money, money. -
Investing
How to Buy Your First Home: A Step-by-Step Tutorial
Find out everything you need to know to tackle this major purchase without fear. -
Investing
What Is the True Cost of Owning a Home?
Buying a home is part of the American dream. But what happens when you add up all the costs associated with buying a home? -
Investing
10 Steps for First-Time Homebuyers
Use these 10 steps to prepare yourself before buying your first home. -
Investing
Buying A Home: New Or Previously Owned?
Brand-new homes have distinct advantages - and drawbacks. Find out what you need to know to make an informed decision. -
Financial Advisor
Should You Rent or Buy a Home?
Owning a home is part of the American dream, but it is a major financial undertaking with considerable pros and cons.