Also, I don't own a house, but a very close friend did. Her largest mistake : assuming that the income she had coming in would stay anywhere close to a similar level in the future. My recommendations would be, as much as possible, "plan for the worst"; plan for drastically reduced income at some point, or time with one or all house members out of work, and so on. Not to be doom and gloom, but to honestly assess whether you can find some way to set it up so that even if disaster strikes, you won't lose your house. If you can work that out, then go for it! I'm sure others will have much more practical advice about realtor and buyer/seller pitfalls to avoid.
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branchandroot
no subject
Date: 2005-08-26 12:53 am (UTC)