Buying your first home is one of the biggest commitments of your life, and knowing the correct time to stop renting and enter the property market is essential. Five signs you are ready to take the plunge include having a positive cash flow, having job security, having a down payment saved, being ready to put down roots and above all, being ready for commitment.
Key Takeaways:
- purchasing your first home is a big decision
- you need to consider whether you have adequate financial resources
- you should be sure that you are prepared to make the commitment
“Before you jump into a home or neighborhood, do your due diligence”