12 Pitfalls You Must Avoid When Buying Your First Home [Infographic]

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Have you heard recently in the media how the percent of first time homebuyers is at an all-time low, and more young adults are moving back in with their parents?  There are a few things going on here, but we need more people jumping headfirst into the pond and becoming homeowners.

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Sure, the housing market went through hell and back just a few years ago, so it is definitely not as appealing to jump right into homeownership as it used to be.  While you have to be smart about it and make sure everything fits into your budget and goals, owning a home is still a great option today as the market continues to recover.

If you are thinking about buying your first home, you probably have a lot of questions. There lots of things to consider, but more importantly lots of things that can go wrong. Take in the following infographic, detailing the 12 most common first time homebuyer pitfalls as well as tips for success to help you on your journey to homeownership.

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Created by First Commerce Financial.

Comments

  1. Our problem right now is that we can’t find the perfect home. Since we already have a home, we are just going to wait until the perfect one pops up!

  2. When I built my house we made the mistake of putting to little down, which meant we might be dealing private mortgage insurance. However since we were building a new house the appraisal actually came back higher and we were luckily able to avoid all the extra cost.

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