Things Every First-Time Home Buyer Should Know

Here’s what every first-time home buyer needs to know to dive into house hunting with confidence — and with as few curveballs as possible. In general, experts recommend that your house payments.

Everyone knows that buying a home is more expensive than renting an apartment, but many first-time homebuyers don’t consider how much their monthly payments will actually increase. While apartments only require you to pay a monthly rent check and utility bills, homeowners are responsible for mortgage payments, utilities, and also the cost of general upkeep, which is traditionally covered by a landlord.

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We’ve compiled a list of 10 Things Every Buyer Should Know About Home Inspections. Give it a glance before you send the inspector out to view your new property. It will give you the ability to go into the transaction feeling more informed and better able to advocate for yourself.

Another important first-time home buyer addition: a financing contingency, which gives you the right to back out if the bank doesn’t approve your loan. If they believe you’ll have trouble making a.

Every taxpayer should. buying and selling, as in day trading. People in the lowest tax brackets usually don’t have to pay any tax on long-term capital gains. The difference between short and long.

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At the end of the day, any money you save during the home buying process will be able to go back into savings, investments, gifts, or into repairs to the home itself. If you max out your budget, you might find yourself in a financial hole.. 5 Things Every First-Time Homebuyer Should Know.

As a first-time home buyer, chances are you are going through a roller coaster of different emotions. You are excited to finally take the leap into home ownership, but you also have the horror stories your friends have told in the past playing over and over again in the back of your mind.

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