Top 10 Home Buying Mistakes That Can Cost You

Avoid these blunders that homebuyers commonly make

By Shannon Petrie, FrontDoor.com | Published: 6/23/2009

If you're ready to buy a home, go for it. Don't wait to reap the benefits of homeownership.

If you're ready to buy a home, go for it. Don't wait to reap the benefits of homeownership.

Mistake #1: Waiting for the market to improve or not buying at all

No one can predict precisely where the market is going, so trying to time your home purchase with the bottom of the market is futile. If you're financially and emotionally ready to be a homeowner, it's always a good time to buy. Just think: all the time you spend procrastinating on purchasing a home, you could be building equity, getting tax deductions and enjoying the many other benefits of homeownership!

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