It is a great time to be a first-time home buyer in this market. Existing single-family home prices are down and interest rates are near historic lows. And you can’t forget about the first-time buyer $8,000 tax credit. Following are a few first-time home buyer tips you may want to consider: 1. Think about the long term future.Purchasing a home requires long-term planning. If you are unsure of where you will be in the short term future, you might want to reconsider your plans to buy. The more time you spend in your home gives you a better opportunity to recoup your investment. 2. Don’t settle for the first home you see. Calculate how much home you can afford. A good way to do this is to browse online listings to become familiar with the market. It is tough to find everything you want ...
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