10 Ways to Lose a House

Shopping Above Your Budget

Shopping for a house can be fun, but when you start veering away from your budget, your expectations are likely to go up. This may cause you to settle on a house you simply can’t afford in the long run. If you find yourself fixated on that “dream home,” realize that you’ll likely have to quickly put in an offer higher than the asking price, since there are often multiple offers. When you don’t have the funds to outbid other offers, you’ll lose out. Plan to look for homes listed a few thousand below your budget to avoid disappointment. The home-buying process is complicated and even the most prepared have regrets. Here are some of the things people regret overlooking.