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Buying your first home is an astounding accomplishment, but this landmark achievement is far from risk-free.
But have you considered all the financial fine print that comes with homeownership?
Costs go well beyond a homes purchase price.
Plus, your utility bill will likely go up if youre upsizing from an apartment.
Dont be too frugal here; pay as much as you might upfront.
A small down payment leads to bigger monthly payments and more debt overall, Ramsey Solutions wrote.
Aim to put down at least 20% of the home price as your down payment.
Real estate agents are professionals that can actually help you save money in the long run.
Its also best to put some effort into choosing which real estate agent you will work with.
Try interviewing at least three agents, then pick the one youre most comfortable with, theRamsey Solutions teamwrote.
Absolutely do not skip this.
Though it costs a few toseveral hundred dollars, its 100% worth the money.
A professional inspector will be able to see problems that may be hidden to the eye.
But if you already bought the place?
Youre likely stuck with it.
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