Ever think about buying a home of your own, only to get a sick feeling coming over you (and not from that spicy food you tried at lunch)?. Today I explain why you might want to listen to your gut... While purchasing and owning a home can be a fun, enjoyable process there's no doubt that it can be a stressful, expensive process. Even without going into the debate about renting vs. owning (that's another episode...) it seems that there are three (3) obvious reasons why you probably shouldn't be making an offer to buy a home right now: 1) Your finances are not in order (you've heard of a budget, right?) - even after you've managed to put together enough cash to pay for the nonrecurring closing costs at settlement, there will be many opportunities for your bank account to be drained by owning a home. 2) Location, location, location - if you aren't sure about the neighborhoods you're seeing, or aren't sure about how your life will work with a given home location you may want to wait until you're more at peace with owning a home. 3) Not planning to stick around - if your life involves moving often (either for work or just for kicks), or for reasons already mentioned you see yourself potentially having to sell the home quickly, you may want to not buy right now.
