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5 Surprise Pitfalls First-Time Home Buyers Can Avoid
5 Surprise Pitfalls First-Time Home Buyers Can Avoid
Buying a home, especially your first home, should be an exciting and joyous time for the whole family. No more paying rent so someone else can pay their mortgage, you finally have the chance to grow your own nest egg by building equity in your home each month. The excitement of the new home and the thought of starting new often clouds the judgement for new home buyers, and they tend to get too emotionally attached when they find their dream homes for sale before doing their due diligence. Here are some of the unexpected things that could go wrong when buying your first home and how to avoid these pitfalls;
 
Getting Tied Up in a Short Sale or Foreclosure
Buying a short sale or forclosure can be one way to purchase a home below market value, but its not for everyone.  There is MUCH more to the purchase of foreclosures and short sales than simply making the repairs after you have bought the home.  When you make an offer on either, a bank has to approve the offer.  This causes major delays in comparison to purchasing a home from an indevidual.  In many instances, you ... more

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