Are You Ready for Homeownership?
Your reasons for buying a home determine the steps and strategies you should follow.
- (opens in new tab)
- (opens in new tab)
- (opens in new tab)
- Newsletter sign up Newsletter
It's no wonder that psychologists rank buying a home high on the list of stress-producing events. Not only is it the biggest purchase most people make in a lifetime, but also it forces a wholesale examination of goals, commitments and lifestyle. Market conditions -- including too many or too few homes to look at, rising or falling prices and competitive bidding for the nicest homes -- can make you wonder if you'll ever find the right house at the right price.
Take Our Quiz: How Smart of a Home Buyer Are You?
People buy homes for lots of different reasons, and the steps and strategies they should follow will vary accordingly. To get started in this buyer's guide, select the option that best describes your situation:
First-Time Buyer
If you're starting from ground zero, there's a lot to think about. Are you really ready to buy? Here are the risks and rewards to consider.

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Moving Up
Your family and income have grown and it's time to trade up. If you fall into this category, the big question is: Should you buy first or sell first?
Downsizing
The kids are gone and its time to exchange your large family home for something smaller.
-
-
Dollar Tree Has Stopped Selling This One Staple
Shopping Dollar Tree stores are taking eggs off their shelves due to high prices.
By Quincy Williamson • Published
-
Ford and Honda Recall Nearly 2 Million Vehicles. Is Yours Affected?
Ford and Honda have recalled models including the popular F-150, CR-V and Accord for issues with brakes, wipers and more.
By Ben Demers • Published
-
Kiplinger Housing Outlook: Housing Starts Continue to Fall
Economic Forecasts Kiplinger Housing Outlook: Weakness lies ahead for the housing market as high prices, mortgage rates ding affordability.
By Rodrigo Sermeño • Last updated
-
If Downsizing, Consider How You'll Finance a New Home
real estate Should you pay cash for your new house? Your money may earn more in other investments.
By the editors of Kiplinger's Personal Finance • Last updated
-
Pick the Right Mortgage
real estate Finding the right mortgage requires a bit of research. Here's how to get started.
By the editors of Kiplinger's Personal Finance • Last updated
-
How to Deal With a Down-Payment
real estate When a 20% down payment seems out of reach, try these low-down options.
By the editors of Kiplinger's Personal Finance • Last updated
-
7 Things to Review Before Accepting a Buyer's Purchase Agreement
real estate Be sure to take a close look at these key areas.
By the editors of Kiplinger's Personal Finance • Last updated
-
Determine If Buying a Home Is Right for You
real estate Consider the risks and rewards of homeownership.
By the editors of Kiplinger's Personal Finance • Last updated
-
Making a Home Offer
real estate Once you've found a home you want, it's time to negotiate the price. Here's what you should consider when preparing to make an offer.
By the editors of Kiplinger's Personal Finance • Last updated
-
What You Need to Know About ARMs
real estate Most adjustable-rate mortgages come with three features, and sometimes a fourth.
By the editors of Kiplinger's Personal Finance • Last updated