[header] How to protect yourself from foreclosure [title] Weigh the benefits and drawbacks of owning a home. [step] Buying a home is a big investment. This is especially true for first time home buyers.
[header] How to protect yourself from foreclosure [title] Weigh the benefits and drawbacks of owning a home. [step] Buying a home is a big investment. This is especially true for first time home buyers.
Selling a home is basically buying a home at no cost. It requires some repair, and unless you really do have a good relationship with the seller, you may not even be able to pay it back. If you are considering purchasing a home in the near future, consider the benefits and drawbacks of doing so. Use your list of benefits and drawbacks to decide whether buying a home is right for you. A home can last for many years, but it will take a certain amount of time and money to build. [substeps] Homeowners generally make less money than first buyers, but they are still able to make more. Sellers may feel intimidated by the investment to buy the home outright. This can be especially the case if you have a long mortgage on the home.