Journey to Financial Freedom

Journey to Financial Freedom

Source: Unsplash | Bram Naus

Have you been working for a while to reduce your debt? Many people around the world continuously have debt stare them in the face day after day. While this is a common problem for most people, maybe you are one of the relatively few people that are working on getting your debt under control.

Keeping on Track Despite Obstacles

Even the best-laid plans have obstacles from time to time. For example, one family was just about out of the hole of debt. They had been working at their goal for several years.

Once they got the initial shock from the amount of self-discipline that it takes to get out of debt out of their system, the family slowly but surely climbed their way out of the hole.

They were at the surface of the black hole and almost free. The dad was driving on I-80 coming home from work and was involved in a car accident. He was injured and hospitalized for a little while. All their years of hard work of getting out of debt made the situation a bit easier, but with him not bringing home a paycheck, the debt was starting to mount up quickly.

While it was a huge disappointment for the family, they did look for personal injury lawyers Utah drivers trust and chose a good one. This lawyer helped them recover some of their losses. It took some time, but they did get back on their feet again and finished their climb out of debt.

As you can see from the experience of this family, unexpected things happen in life. It is important not to let the unexpected take control of your financial situation. Seek out whatever legal remedy you can and keep the goal of being debt-free in focus.

As with any project in life, the project of reducing your debt takes a lot of self-discipline. You need to continually analyze what is essential to buy or not. Let us consider a few tips that may help to lessen your debt even faster.

  • Put away the credit cards.Carrying around credit cards can encourage debt because you do not see the cash leaving your wallet.
  • Stop going through the drive-thru.The drive-thru at a fast food restaurant is very convenient. The convenience makes us not realize how much money we are spending. Take a drink and snack with you from home to save money.
  • When you are eating out, order water to drink.It is not really possible for most people to banish all eating out, so on those special occasions where you choose to eat out save a few bucks and drink water.
  • Know where your money is going.It is essential to keep your receipts and add the expenses to a spreadsheet. In this way, you will know exactly where your money is going and can make adjustments to your spending habits.

These are just a few suggestions to help you climb out of debt. As you are taking the momentous climb up the mountain, set little goals for yourself. Once you attain your goal, have a small, inexpensive reward system in place. This reward system will give you the encouragement you need to keep going.

Financial Freedom and You

The burden of being in debt can be very overwhelming and depressing. Going through the process of climbing out of the hole of debt is very educational and worth the climb. The slope of your climb may be steep and very uncomfortable, which may leave you feeling distressed at times. However, you do well to keep the hope of being debt-free alive. Remember, the feeling of being debt-free is uplifting, builds confidence and it is financial freedom from the enslavement of debt.

No matter where you are in the process of climbing out of your mountain of debt, keep going. If you are just starting your journey to financial freedom, lace up your bootstraps and get ready, it is a long walk. Whenever you are tiring out, remind yourself of the goal, and you are closer now than when you started. Keep going! You are going to make it to the top and have financial freedom.

How to Make Money While Making Space in Your Home

How to Make Money While Making Space in Your Home

Minimalism is one of the big fads taking over cities around the world — it could be because people tend to live in smaller homes as cities become more dense, or maybe because physically eliminating what’s unnecessary in our life feels good. It could be a combination of the physical and psychological.

But in either case, here are some ways that you can make money by cleaning out your apartment.

Sell What’s Valuable

Do you have valuables that you don’t actually use? It could be anything from old jewellery you don’t wear, antique coins, or even designer hand bags. If the cash is worth more to you than these physical objects, sell them.

Look to find a gold buyer that has been in operation for years — this is an indication that they’re trustworthy and reliable. They should make it a point to be transparent about the market rates for gold or for whatever you’re selling, and should give you the highest rate possible.

Quality gold buyers will offer you free appraisals, so even if you don’t want to sell your valuables now, at least you’ll know how much it’s worth. You can click here to learn more about how gold buyers operate, and about all the other valuables they purchase aside from gold, such as watches.

Hold a Garage Sale

Holding a garage sale is a classic way to give your old possessions a meaningful second life! It also helps the community, because it gives them a chance to buy things at a much lower rate than they’d find at a store.

If you live in a house you can simply arrange all the objects on the lawn, with either a sticker indicating the price or some kind of storage. If you live in an apartment building or a condo, you can post signs in communal areas advertising your wares, and how much they’re selling for. Leave your phone number, so your neighbours have a way to reach you.

Sell Online

Sometimes what you find in your home isn’t gold, but it’s worth the price of gold to someone else! Before you throw out something that doesn’t hold value to you, consider what it might be worth to somebody else.

The internet has many websites that let you sell things, and that’s a very simple way to connect with somebody looking to buy what you have. When you post an object for sale, describe it fully and accurately, especially about what condition it’s in.

If a prospective buyer finally comes to your home to buy what you’re selling only to balk because it’s in worse condition than the advertisement conveyed, it’s just a waste of everybody’s time. Never misrepresent what you’re selling.

Getting rid of unnecessary things in your home gives you more space to live, and encourages feelings of calmness and serenity. If you follow these tips, not only will you be living in a home with less clutter, you’ll also have more money in your pocket.

Adapt Your Investments to Capitalize on the Crash

Adapt Your Investments to Capitalize on the Crash

A strong portfolio is a diverse portfolio. If you’re going to get ahead of the crowd in today’s economy, you need an investment portfolio that can handle the shocks and surprises that the world is coming to expect.

Since the 2008 recession, investor confidence in the global financial system has remained low. Stock markets have been bullish for years, but many have their doubts about the strength of the economies underpinning that growth. Many believe that bad auto loans in the US could trigger another debt crisis, while growing household debt, stagnant wages, and increasing worker precarity could prove to be even bigger issues across Western economies that haven’t yet seen a recession in the new economy.

Diversification means allocating assets in a way that decreases exposure to risk, protecting your money from uncertainty. But is that all diversification should do? With the right moves, you can adapt your investments to grow during times of crisis. It just might mean taking a more active interest in your money, and thinking hard about your goals. What can you do to protect and grow your finances even in the midst of a crisis?

1) Invest in Gold

Gold prices correlate negatively to share prices; when share prices go into a tailspin, investors move their money into gold as a safe haven. The pressure pushes gold up, and if you want to enjoy the benefits, you need to own gold ahead of the crowd. Gold is very much influenced by the perceptions and sentiments of investors.

Generally speaking, gold is not going to be the money-maker in your portfolio, but once it does move into that position, the benefits can be huge. Gold bull markets tend to happen when inflation is out of control or stock markets are too volatile to make money.

You can buy your gold from a proper online dealer conveniently and securely.

2) Buy Shares After Crashes

Gold’s negative correlation to shares should be your secret weapon to wealth building. As share prices fall and gold prices rise, their proportion in your portfolio will become imbalanced. Rebalancing after a crash will put you in a position not many other investors will get to enjoy; capitalized to buy shares at low prices.

While other investors, still nervous about the volatility that follows market crashes (it can take years for markets to recover), you will now have excess gold that others will be eager to buy at higher prices. You can use that cash injection to snap up shares at low prices and enjoy better returns from the recovery that follows.

3) Use Dollar Cost Averaging

Sometimes you wind up with a windfall, such as a holiday bonus or a tax return. It can be tempting to invest all at once, but there is always a risk associated with timing your investments. Prices could fall six months from now, or they could be higher in a matter of weeks.

Dollar cost averaging means investing a fixed amount of a particular investment on a set schedule. This spreads the risks of timing your investments.

With these strategies in hand, you should have no trouble diversifying the smart way.

Duplex vs Penthouse: Which is better?

Duplex vs Penthouse: Which is better?

As real estate prices are going down, some people are buying homes as an investment option, hoping the value will appreciate. If you want to buy a home to live or invest, you should consider buying a penthouse or a duplex.

What is the difference between a duplex and a penthouse?

Essentially, a duplex is a building with separate living units which can be side-by-side to each other or separated by the ground and upper floor where each unit has its own entrance. On the other hand, a penthouse is a residential unit placed on the uppermost floor or floors of a building. Penthouses are differentiated from other types of residential units by luxury features.

Which is better between a duplex and a penthouse?

Advantages of owning a penthouse

  • Unobstructed Views

One of the most alluring features of a penthouse is the unhindered scenic views. Since most of them are placed in high-rise buildings, they cannot be obstructed by other buildings.

  • Quiet

Penthouses are placed high above the busy streets. So, residents are away from the traffic and other loud noises. Residents of penthouses live in a more peaceful environment.

  • Natural air

Other buildings do not obstruct penthouses. As a result, there is plenty of natural light that flood the property.

Drawbacks of a penthouse

  • Long way up

For those living in a penthouse, a lift is not a luxury but a requirement. Therefore, the lift must be functioning at all time in order to reach the unit. If the lift is not working, residents will have to climb the stairs.

Advantages of a duplex

  • Affordable

Compared to penthouses, duplexes are located in affordable neighbourhoods. If you cannot afford a penthouse unit, a duplex is an excellent option.

  • Earn income

In a duplex, you can live in one unit and rent out the other. This could be appealing if you took a loan or a mortgage to buy the house. The rent collected can be used to repay the mortgage or loan.

Drawbacks of a duplex

  • Getting the right tenant

It is very difficult to get the right tenant to rent out the other unit.  A wrong tenant can cause disputes or compromise your privacy.

If you are looking forward to buying a property in Dubai, you should consider Emaar off-plan projects in Dubai. Here, you will get a variety of property types at favourable prices and terms. Alternatively, you can also consider City walk apartments for sale in Dubai or the rich selection of apartments for sale in Downtown Dubai too.

Getting Your License to Drive a Motorcycle

Getting Your License to Drive a Motorcycle

With the warm weather quickly approaching, you may be itching to get outside more often. One of the best ways to enjoy the warm weather is by driving the roads on a motorcycle. Motorcycles offer you the freedom that you want while driving with the style and sophistication that you’re looking for. However, in order to operate a motorcycle, you need to sit for a special road exam and test. This ensures that you are knowledgeable enough to operate this vehicle and are safely driving on the road. Before sitting for the actual exam, it’d be nice to have a practice test for the Permit that has all of the questions you’d be asked when taking the test at your local DMV.

How to Get a Motorcycle License

In order to ride a motorcycle legally, you need to get a special license to operate this specific vehicle. You will need to sign up for an exam at your local DMV. In order to actually receive the license, you must pass this test. This proves that you are knowledgeable about driving a motorcycle and will be able to safely operate the vehicle. There are many study programs that you can utilize when you are looking to go for your motorcycle license. These help you to prepare for the actual test and know what to expect when you are going to be taking the exam. You will then be able to receive your new license and will be equipped and ready to take that bike out of the garage and go for a ride.

Taking a Practice Test Online

The issue that a lot of drivers have is that they don’t necessarily know what to look for when sitting for the exam. By taking a practice test on the Internet, you can become aware of the different questions that might be on the actual exam. These tests use real questions that the DMV will be using, giving you the chance to see what will be asked and how to go about answering the questions. These practice tests are important for when you need to sit for an examination and know that you are going to be getting a motorcycle license when and if you are able to pass. These tests are easy to take and can be taken right in the comfort of your living room.

Understanding What to Expect

Once you have done several online practice tests, you will be able to take the actual exam as provided to you by your local DMV. When you are able to pass, you will receive your new license and will be able to take that bike out of the garage for a test drive. By being able to take several tests online before sitting for the actual exam, you can be more prepared and will know what it is that you are able to experience when you are going to be receiving the license in question. This makes it easier than ever for you to get the license that you need and want without it becoming a problem and without you having to worry that you are going to be failing the exam. If you fail the exam, you may need to pay more money just to be able to sit for it again.

Driving in Style

Thanks to taking several online practice tests, you will be able to drive around on your new motorcycle and won’t need to worry that you are having to take exam after exam or not knowing what to expect when you go to your local DMV. By being able to prepare for the actual exam, you can feel confident in what is being given. This is the reason so many people have chosen this as an option and are noticing it to be quite helpful in what it is able to do for them.  These practice tests are easy to take and are convenient for when you want to practice for the exam without having to go to a local test center. So dust off your bike and get ready to ride!

Helpful guide on injury compensation and claims of semi-truck accident

Helpful guide on injury compensation and claims of semi-truck accident

Everyone knows that most of the semi-truck crashes lead to death claims and severe injury. The number of tractor-trailer wrecks is increasing more and more. Any means of transport collision with a big 18-wheeler is truly a distressing experience. It is because they can leave the victims with life-changing, severe injuries. If you get injured in a semi-truck accident, you must prepare properly for the insurance claim of your injuries. It will aid you in acquiring maximum compensation. This article shares you some valuable guidelines which will aid you in handling this kind of situation properly.

Take immediate medical care

The first step after getting injured is to let medical responders evaluate your injuries. It is mandatory to take medical treatment immediately at the sight. When it comes to broken bones and bleeding wounds, they are obvious injuries. There is also a possibility for you to have some life-threatening injuries which are not apparent immediately such as closed head trauma or internal bleeding.

Both excitement and shock can cover your injury symptoms. To avoid the inconveniences, you can tell the medical care experts about all symptoms including mild ones. It is because delaying or refusing your medical treatment or check-up after a crash is the most terrible mistake.  In most of the instances, the insurance providers will utilize this chance for denying the injury claim. They also argue that the injury is not related to the crashes.

Gather the information about trucker

You can approach the truck driver to share certain important details. It includes full names, work and home address, work and personal contact numbers and other useful contact details. You can also ask the driver to show his driver’s license. If possible, you can capture an image of trucker’s license.

When a semi-truck is involved, and then will require some important details regarding the truck that includes:

  • License number of cab
  • Contact information, name, and address of cab owner
  • Insurance information of a driver
  • The company name that hired or owns the truck
  • Details of cargo loaded in a truck

What to collect from the accident scene?

It is important to gather some evidence at your accident site that can aid you in acquiring injury claim.  It includes:

  • Photographs: You can take photos of the accident site including your car and truck
  • Detailed notes: You can note down all of your observations exactly at the accident site
  • Witness statements: you can try to collect the contact details of the potential witnesses.
  • Surveillance cameras: You can look for red-light and security cameras located close to your accident site.

Get better assistance

It is helpful to understand that bodily injury related claims are an entirely different story. There is no possibility for you to acquire better compensation on your own when you are getting injured in a semi-truck accident. It is the right time when you get professional help from personal injury lawyers. They are the professionals who can assist you throughout the process. Also, the lawyers help you to get the desired amount of compensation for your injury.

All You Need To Know About The Eames Walnut Stool

All You Need To Know About The Eames Walnut Stool

When someone looks at an Eames Stool for the first time, it gets difficult to describe the piece of furniture in a precise manner: Are they used to sit? Are they decorative pieces of furniture or artwork? What are they? Designed and built with solid walnut, the Eames stool is a diverse home decor item that can be used for a variety of purposes.

Whether you admire the boho home decor or wish to decorate your house with mid-century home designs, it’s not wise to deny the charm of Eames furniture, especially the Eames stools which are getting increasingly popular all around the world for its exquisiteness and novelty.

Where to place the Eames stool

Eames stool is an artistic combination of classic appearance and distinctively shaped modern patterns that allow you to place the Eames stools in various places in your house from living rooms to your home library. It is made of solid turned walnut that gives the stool a firm existence. The Eames stool usually moves around the room depending on the role it has to play. For example, it can be placed next to your daybed as a temporary nightstand.

What is the function of an Eames stool? The stool was designed by Ray Eames for the lobby of the Time & Life Building in New York City. You can use these home decor items as side tables and stools or something totally different like an object of art liberally scattered across your house. With concave top and bottom coupled with decorative center sections, Eames stools provide any space with an accommodating selection of surfaces and seats. Besides being a place to sit, the stool can serve as a low table.

Composition and design

The contemporary Eames stools are the finest form Charles and Ray’s experimental designs that used metal and bent wood. It doesn’t require highly sophisticated machines to cut and design walnut wood and turn it into stools; the process of making the stool is primitive. Typically used as functional sculpture, Eames stool design is of traditional nature resembling chess pieces.

Made of firm walnut, stand 15” high, you can flip the Eames stool as the bottom and top have a concave surface. If you’re looking to have a small home decor object where you can put small objects like a bowl of snacks or a book, Eames stool will serve the purpose. However, don’t forget to place something flat on top of the stool before putting your drink on it.

You don’t need any additional home decor item to justify the presence of Eames stools. For instance, you can place a line of stools in your gallery to give it a museum-like look. The color of your walls and the way these stools draw attention to the floor creates a beautiful home decor chemistry inspiring visitors.

The shape of walnut stool creates a visually appealing contrast to your home or office decor elements and helps you keep things from being too square. If you need some smaller accents to add personality, style and fun shape to your space, go for the Eames stool.

Why Now Is the Time to Think About Gold as an Investment

The odds of a recession in 2019 or 2020 are on the rise. Economists predict that there is now a 25% chance of a recession in the next year, up 5% from January. The likelihood of a recession in the next two years is 40%, and economic policies such as trade war with China are not helping the odds.

With a recession on the way, it may be time to start thinking beyond stocks when it comes to your portfolio. A recession can do a number on your portfolio, but there may be some surprising solutions. Gold could be your lifeboat in the coming storm. Few investments are better at weathering bad news in the economy than gold.

You need to think about gold as an investment, not just expensive jewelry. Consider some of the ways in which gold acts as an investment.

#1 Tangible Assets

Gold is unique in that it is an asset you can hold in your hand. Gold comes in the form of coins and bars and it must be physically stored. Unlike stocks and bonds which are paper (or digital) representations of your capital investments, gold is literally solid.

#2 Liquidity

Gold can be turned into cash wherever you are in the world. It’s the original international exchange of value and, until the 1970s, it was gold-backing that lent the U.S. dollar its international dominance. The most readily accepted form of gold is the bullion-grade 1 oz. gold coin. Bullion-grade refers to purity: .99 purity (24 karat and higher than most jewelry) is the easiest gold to exchange.

#3 Low Third Party Risk

You can further reduce the risks of owning gold by going with non-bank, fully-insured storage. The issue with bank storage is that your gold then becomes a deposit and you a depositor. In the event of another financial crisis on the scale of what the world saw on 2008, governments could introduce bank bail-in legislation (where they haven’t already), a regime in which banks that need a cash infusion take it from the investors and depositors rather than from taxpayers. Depending on how bail-ins are implemented, even small savers could be affected.

#4 Other Gold Risks

Every investment comes with risks, and gold is no exception. It pays to pay attention to gold prices before you buy. Have they been climbing rapidly in recent days, weeks, or years? That could be a sign of overbuying and an imminent price plummet.

It’s ultimately impossible to predict exactly which way gold prices are going to go depending on market factors, but use some common sense before you invest. Gold is riskier if a bull market has been raging for years already. Gold prices tend to fall due to speculation overvaluing it, and growing opportunities on the stock market.

#5 Why Gold Is Good

Gold is a good asset for investors who need to reduce their risks. Gold is a way of protecting your wealth from stock market jitters, global uncertainty, and inflation. In countries in crisis, gold can be a lifeline for families when inflation renders currencies worthless. For U.S. investors, gold provides some portfolio balance. Diversification leads to a stronger portfolio.

Gold can play an important role in your portfolio. If you’ve always treated gold as jewelry, it’s time to start thinking about how you can use it as an investment vehicle.

The Importance Of Paying Your Back Taxes On Time

The Importance Of Paying Your Back Taxes On Time

Despite being a vital part of the economy, not many of us like paying taxes. While we may not disagree with what the revenue is eventually spent on, the process of paying the IRS can cause quite a headache. This is made even worse when you consider that not paying on time, or not paying exactly what we owe, can result in a few different consequences that can be quite significant. Because of that, sometimes the process can be enough for us thinking about leaving society so that we don’t have to go through it.

However, this sadly isn’t a reality for the vast majority of us, so we’ll have to ensure that we pay the IRS on time. This may not always happen, though, and some people might find that they’re either paying their taxes late or even filing them late. These penalties can be caused by a variety of different things, such as failure to deposit estimated tax payments, insufficient check funds and much more. When this happens, it can cause quite a considerable amount of stress, especially when we consider how much we might have to pay in penalties and more. That doesn’t have to be the case, however, as the IRS Penalty Forgiveness program might be able to help you.

There can be a significant number of people who may not know what this is; as a result, a considerable amount of people who are eligible for the assistance might go without it. Because of that, they might go through a significant amount of financial burden as a result of the penalties associated with not paying your taxes on time. Then there’s the stress that may also come with figuring out how to pay these back taxes. With that in mind, it’s worth looking at what the IRS Penalty Forgiveness program is and how it might help you going forward.

What Is IRS Penalty Forgiveness?

While there is a certain amount of people who choose not to pay their taxes either on time or at all, this isn’t the case for everyone. Instead, the majority of people who pay or file their taxes late may do so because they weren’t financially able to pay on time. This is something that many people feel they shouldn’t be punished for, and the IRS agrees. This is what the focus of the penalty forgiveness program is. In essence, it’s when the IRS agrees to forgo any penalties or fees for failing to pay your taxes as a result of matters beyond your control.

Types Of Penalty Forgiveness

While many people may assume that there’s one type of penalty forgiveness, they’d be mistaken. Instead, the IRS has noted that there are a few different types. The first of these is a First Time Penalty Abatement, which is what the name suggests. As such, it’s something that can only be gotten if it’s the first time you’ve paid your taxes late. It should be noted that you can only apply for this abatement once you’ve paid your back taxes in full, as the fees and penalties grow for as long as you have an outstanding balance.

Perhaps the most common reason that the IRS has forgiven tax penalties is for reasonable cause. This is when someone is unable to pay their taxes because of unforeseen events that may be outside of their control. However, it should be noted that financial troubles may not be considered here, although the cause of this hardship may be considered. For example, paying off debt may not be considered reasonable cause. Some of the most notable reasons that the IRS has forgiven these penalties are a natural disaster, serious illness or loss of access to documents.

When you’re applying for the Reasonable Cause program, you’ll also need to provide proof of reasonable cause. This will include the likes of factual accounts and documentation of events, as well as how they caused you to miss your tax payments. This shouldn’t be too difficult, though, and the IRS will work with you to inform you as to what kind of documentation you’ll need to provide.

The IRS may also issue a Statutory Exception for your penalties, although this is relatively uncommon. This typically occurs when the IRS provides you with inaccurate information for filing your taxes which results in you underpaying or missing a payment.

From Mortgages to Home Inspection Costs: Getting your First Home

From Mortgages to Home Inspection Costs: Getting your First Home

Souce: Flickr

The dream of owning a home is something that still motivates many Americans. Owning your own home isn’t simply about having somewhere to live for as long as you want, it is also about making what could be a profitable investment in your family’s future.

And even though younger generations of Americans have seemed more reluctant than their parents or grandparents to join the ranks of homeowners, studies have shown that the vast majority of millennials still expect to own their own home at some point in their life.

But for those who are embarking on home ownership for the first time, the process of finding and buying a first home can be intimidating. Here are some key things to remember if you are thinking of taking the plunge and becoming a homeowner.

Financial Self-Assessment

The starting point to the home-buying process is to make sure that your finances are as strong as they can be. To start with, take the time to run a credit report on yourself, and analyze the results. Doing what you can to improve your credit rating, such as paying off credit card balances, can help when it comes to taking out a mortgage, and if your credit rating is likely to take a few months to improve, then it is worth taking this time out before beginning the house buying process.

Prepare Financially

Once you’ve done a little financial housekeeping, the next step is to assess how much money you can afford to spend on a house. This includes the level of deposit you will be able to afford, and the approximate amount you will be able to pay in mortgage payments, taxes, interest and insurance, along with an allowance for future maintenance costs.

Home Inspection Costs

Another expense that you should prepare for is the cost of the home inspection. There are plenty of resources online to help you find out more about home inspections, but essentially this is a report that you have to carry out later on in the process, after you have found a home and made an offer. Some home buyers make the mistake of overlooking this home inspection cost early on and may not have funds available to compete the inspection report, so make sure you put money aside at the start.

Realtors and Mortgages

The next stage is to find a real estate agent that you feel you can work with as you start your home search. A good agent will not only work with you throughout the process, they will also help you to get in touch with the different specialists, including financial advisors and home inspectors, whose help you will need to buy your property. And it is a good idea to go through your mortgage options with a financial advisor at an early stage. A key aspect of choosing the right mortgage is to work out how much money you have to put down as a deposit, but beyond this factor, there are many types of mortgages from conventional loans to FHA loans and VA loans, and a good financial adviser will take into account your circumstances and financial history to help you find the right one.

Starting Your Search

Whether your agent is sending you potential properties, or you are doing the searching yourself, start by narrowing down the areas in which you would like to live. If you are unable to find anything suitable within that area, be prepared to expand it. Then it is simply a matter of taking the time to visit the homes you are interested in, asking as many questions as you can think of and being prepared to make further visits as required, until you have found the best home for you.

Securing Your Home

Making an offer and having it accepted is only the start of confirming the purchase. There will still be many weeks and a lot of paperwork to get through, including the home inspection report mentioned earlier, before you are able to sign contracts. Don’t forget to put some money aside to cover additional closing costs, which can often amount to as much as five percent of the sale price. You will also usually have a final chance to look around the place before you move in, to make sure that there have not been any significant changes since you made your offer. And with all that complete, you are ready to take ownership of your new home!

Buying your first home can be a stressful process, but by making sure that you plan thoroughly and leave as little as possible to chance, you can keep the stress to a minimum and achieve your dream of home ownership as quickly and smoothly as possible.