When Not to Buy a House
Posted on | June 22, 2009 | No Comments
Everybody is talking about how now is a great time to buy a house since there is the stimulus plan that let’s you get up to $8,000 back on a tax credit as well as rates that are still historically low. However, as much as that seems to be great advice, there are times that buying a house id not the right time. Here are just a few.
Do not buy a house if:
- You think your job is in jeopardy
- All your friends are buying a house
- You don’t have down payment money & don’t qualify for assistance
- The payments are more than you are comfortable with
- You’re counting on room mates to help you make the payments
Being comfortable and ready to make the house payments as well as pay for any needed or additional repairs is an important part of owning and maintaining property. Don’t buy a house until you are ready to make the commitment.
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