Are you thinking of buying your first house or condominium?

Here’s 8 signs you’re ready to buy, courtesy of Kiplinger.com (more details at their site):

You are ready to buy when …

No. 1: You have a budget — and you know how to use it
No. 2: You have a sizeable down payment
No. 3: You have a reliable source of income
No. 4: You have an emergency savings fund
No. 5: You have your debts under control
No. 6: Your credit report is in good shape
No. 7: You can make a long-term commitment
No. 8: You are prepared to become your own landlord

All things to consider, before taking the plunge!

John Keith     September 8, 2006     first time homebuyers

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