10 tips for home buying

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Buying a home can be complicated and frightening. You acquire a large debt and assume many new responsibilities. And in the back of your mind is that nagging question, "Did I get ripped off?" The American Homeowners Foundation has prepared a list of 10 tips designed to help you make the best home-buying decision possible. 1. Look at the purchase as an investment. Home equity is one of the primary ways Americans save. Tax incentives and the ability to tap into your home equity under certain circumstances make buying a home a prudent financial investment for most people. 2. Avoid short-term loss. Most places have seen rapid home price appreciation. But in some places, average home prices have dropped over the short term in recent years. It is always possible that unforeseen conditions may force you to sell your home in a slow market. You can make the most of your investment by buying in a neighborhood where home values are expected to appreciate. 3. Use a buyer's agent. A buyer's a...