The Real Estate Trap: Don’t Fall for Bad Advice

If you look around you, it might seem crazy not to be buying a house right now. In parts of the country, people are in bidding wars, homes fly off the market, and house prices are rapidly increasing.

But real estate is not always a good investment, and it’s important to consider all the angles before making what’s usually one of the largest purchases of your life.

Advice Isn’t Always Good

Often, friends, family, co-workers, or even your realtor will provide real estate advice. But it isn’t always good input.

Before buying, make sure you consider the following pieces of common real estate advice that may instead be the worst guidance you could follow.

Buy a House as Soon as You Can

It’s easy to feel like you’re missing out on the benefits of real estate if you’ve been renting for a while.

In our society, buying a house can feel like a rite of passage, a box to tick off on the way to adulthood, along with a job, marriage, and kids.

When you’re just starting, you may think you should be saving up a down payment for a house so you can get off the renting train and enjoy the benefits of real estate. But there are lots of reasons to delay your first home…