Be at the Right Place at the Right Time
If you’re as fidgety as a nomadic gypsy, maybe purchasing a home isn’t right you. You’re making a serious financial commitment here; once you’ve taken out a mortgage, “you pay closing fees, moving costs and other ‘friction’ costs that can never be recovered,” USA Today says. You’ll want to scout the area and survey the house to make sure you won’t budge for another five years or so.
You’re Single, But You’re Still Ready to Mingle
You might be a single lady now, but who knows what the future might bring? If Mr. Right comes into your life unexpectedly, would your residence be able to accommodate him — and maybe a few mischievous kids as well? Your bachelorette pad might need a little sprucing to welcome the new loved ones in your life.
Can Your Job Handle Your Home?
If your job is in the rocks, it’s common knowledge that you shouldn’t risk purchasing a home. If you’re a little unsure about your job security, homeownership might not be the best route at this time. You don’t want to be another victim of America’s foreclosure nightmare.