Money Guy Show Our Top 10 Home Buying Tips for 2025
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Sep 26, 2025 Navigating the home buying process in 2025 can be challenging. Clarify your reasons for buying and assemble a strong team to guide you. Don’t just rely on online quotes; get a true pre-approval from your lender. Explore first-time buyer assistance programs and prioritize savings early on. Avoid common pitfalls like job changes and emotional bidding wars. Remember, there’s no perfect home—balance your must-haves with your budget. With careful planning, you can make informed and confident decisions.
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Calculate Affordability Yourself
- Run your own affordability numbers and avoid borrowing the lender's maximum.
- Protect other goals so you don't become house-rich and life-poor.
Include All Upfront And Ongoing Costs
- Factor upfront costs (down payment, closing, furnishing) and ongoing costs (PITI, HOA).
- Research HOA or condo fees carefully since they can dramatically change affordability.
Look For Assistance Programs
- Search state and federal assistance programs that lower cost or provide favorable loans.
- Check resources like NerdWallet and state portals for first-time buyer programs and VA/FHA options.