Consider if you’ll still be able to manage your finances if interest rates go up. So flat hunters should always get ground rent and service charges in writing before buying. Once you’re ready to make a more permanent move, you’ll find the buying process is well organised and well regulated to ensure a fair process for both sides. For those following this rant closely, you’ll question why I’ve been throwing money down the rental tube for so many years.
Besides the down payment, there is the deposit, appraisal, inspection, attorney, movers and more expenses in addition to the buying price. No matter what is going on with home prices or mortgage rates, the right time to buy a house is when you are ready to take on the financial and emotional responsibilities.
The surprising myth about buying real estate I talk about why you shouldn’t make the largest decision of …