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What they don't want you to know about buying a home

Home buying in America is basically a religion. Society really pushes individuals to become home owners. But there is a lot that goes into it.

Do your homework before you purchase that property.

What they don't want you to know about buying a home
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    1. Long term commitment

    Buying a home means that you are locking yourself into that area and that house for a minimum of 5 years.

    You could move out earlier than that, but you will likely lose money.

    2. If you buy and house and then sell that house at the exact same price you will lose a lot of money

    There are a lot of fees that go into buying and selling a home.

    3. Closing costs

    There are taxes you will have to pay for buying a home.

    4. HOA

    For many people buying a home means locking yourself into an Home Owners Association for life.

    5. Realtor fees

    There a lot of different ways you can reduce this fee, but you are still going to pay for it.

    6. Property taxes

    Your locked into paying taxes for the rest of your life whether you make money or not.

    7. Home owners insurance

    There are lots of different options

    8. Phantom costs

    Appliances, furniture, landscaping, cleaning, decorations, upkeep.

    There are a lot of things that need to be attended to when maintaining a home.

    9. Driving

    If you lived in an apartment in the city, you might be able to take public transportation to and from work.

    But not in house.

    You need a car to drive from the suburb into the city.

    10. Hosting

    You are more likely to have events that cost money to prepare when you own a home.

    11. Higher Utilities

    Homes are generally larger than apartments which means higher utility costs.

    12. Appraisal fee

    If you want to know the value.

    13. Moving costs

    Move all your stuff into your new home.

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