Top 8 House-Hunting Mistakes

AAA

Buying a home is a very emotional process, and allowing those emotions to get the best of you can cause you to make any number of mistakes. Since buying a home has many far-reaching implications, from where you will live to how hard it will be to make ends meet, it's important to keep your emotions in check and make the most rational decision possible.


There are eight common emotional mistakes that people make when buying a home. Avoiding these pitfalls will help you find the best home-sweet-home. (To learn more about how your emotions can cause financial distress, see When Fear And Greed Take Over and Master Your Trading Mindtraps.)
Related Articles
  1. Home & Auto

    Understanding Pre-Qualification Vs. Pre-Approval

    Contrary to popular belief, being pre-qualified for a mortgage doesn’t mean you’re pre-approved for a home loan.
  2. Home & Auto

    9 Tips for Handling Homeowners’ Associations

    Before you buy property in a community with an HOA, there are nine things you should do.
  3. Home & Auto

    6 Reasons To Avoid Private Mortgage Insurance

    Homebuyers who put less than 20% down will likely be forced to secure private mortgage insurance. Here are six reasons to avoid it.
  4. Home & Auto

    10 Tips for Getting a Fair Price on a Home

    When the housing market booms, it's tougher than ever to get a good price. Make sure the house you choose is worth the price you pay.
  5. Investing Basics

    Top 10 Features Of A Profitable Rental Property

    Owning rental property is a tough business. Here are 10 things you should consider before investing in an income property.
  6. Home & Auto

    Top 5 Must-Haves For Flipping Houses

    Flipping a house means a lot more than just giving it a fresh coat of paint and a new mailbox. Here's what else you'll need.
  7. Budgeting

    Beach Property in California: The Pros & Cons

    Learn the pros and cons of buying a beach condo in California, and how to protect yourself from common pitfalls many condominium buyers experience.
  8. Budgeting

    Beach Property in Puerto Rico: The Pros & Cons

    Learn these important tips for buying a beach condo in Puerto Rico. You need to have a buyer's agent and an attorney to represent your interests.
  9. Home & Auto

    Steps To Buying A Home

    No matter what type of property you’re eyeing, there are steps you can take to protect your investment.
  10. Home & Auto

    How an Interest Rate Rise Affects Your Mortgage

    A look at what makes home-related loans move the way they do. The surprise: Mortgage rates don't necessarily follow interest rates.
Trading Center