Avoid common mistakes

To avoid making common mistakes when purchasing a home, you may want to follow this advice:

Negotiate a month-to-month rental lease instead of signing on for another year if you plan to move in the near future.

Before you begin your home search, monitor your spending habits to determine how much you can afford to spend on a mortgage.

Avoid viewing homes out of your price range, especially since you could get your heart set on amenities that will not be included in homes that are in your price range.

Other considerations:

What is the right sized home for you? Have you checked the neighbourhood for crime? Be aware of noise issues on properties near railroad lines or highways.

Stay focused by formulating a list of "must-haves" and a list of disqualifiers, making sure to consider only those homes that fit the needs of each list.

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