What are some common mistakes a person might make when buying a home?

What are some common mistakes a person might make when buying a home?

Some common mistakes buyers make include making lowball offers, and getting distracted by the "flashy" details and ignoring the actual quality of a home, according to agents. One agent said too many people hold out too long for the "perfect" home and then regret not buying one they liked early on.

How long do you have to live in a house to make it worth buying?

five yearsThe Five-Year Rule. When you purchase a house, the general rule is that you want to be sure you'll be in the same location for at least five years. Otherwise, you're probably going to take a hit financially.

Is buying a house a mistake?

Why Buying A House Is A Mistake. … Buying a house is not an investment. It doesn't save you any money vs renting an apartment. You don't build equity.