Unfortunately bursting bubbles often goes along with being a Real Estate professional. This includes lenders. All real estate should start with a visit to a lender (why look at homes you may not be able to afford?).
Once you start looking for homes there is always the possibility your dream home is just not out there on the market or within the reach of your budget to build.
Moving along, once you have found a home that meets your needs, the danger of your bubble bursting is not yet over. I highly recommend a Home Inspection prior to purchasing. A home inspector is going to look for flaws to protect you from defects that would be a red flag to purchasing.
In an effort to keep this short I will mention one more bubble bursting possibility, INSURANCE! Home owners insurance is becoming a bigger and bigger bubble bursting deterrent due to the cost or even refusal to insure. Insurance may be denied do to prior flooding, inadequate electrical service, age of the roofing materials and more.
In a perfect world our bubbles, no matter how large, would not get burst. Be prepared for real life when you enter the real world.
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