Homebuying for the faint of heart

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Q: I have been house-hunting for months, making lots of offers and getting outbid by all-cash investors. Finally, I found a house I really liked, and the seller accepted my offer. Right before my inspections, the seller got sued by a former owner of the property, and it tied the house up in litigation. About a month later, the matter was cleared up and my transaction was back on. During that time, I drove by the place once or twice, and a little side window had been broken, and someone had dumped some debris in the backyard (the house is vacant). Now I'm very nervous about moving forward with the deal. I still like the house a lot, but I'm going to have to put $20,000 down on it, and that's almost every cent I have. I'm very afraid of making a bad decision. What should I do? A: My friend, your feelings are extremely normal, natural and even healthy, though they don't feel so good to you right now. The reality is that you are making a very big financial decision: two of...