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If you’re thinking about purchasing a duplex or any property, this blog post from Find Your Balance has a great check list.

Find Your Balance

iStock_000007589790SmallOne of the most common questions for potential homebuyers is, “How do I know when I’m ready?” While different people have different levels of comfort with preparedness, there are several key steps that are always a good idea to check off your list before beginning your search in earnest.

Generally speaking, it’s a good time to start seriously looking when you have:

  • Taken the time to educate yourself about the entire home buying process.
  • Researched homebuying programs you may qualify for.
  • Decided what type of mortgage you want.
  • A steady source of income.
  • At least two years of steady employment within the same industry.
  • Plans to stay in the area for at least three years.
  • Completed a forward-looking budget to see what monthly mortgage payment will fit into your spending and savings plan.
  • Determined how much the move will cost and accounted for this in your current budget.
  • Examined your…

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