The Simple Dollar Morning Roundup: Hidden Costs Edition

As we keep going through this home buying process, we keep finding out more and more about hidden costs and so forth. It’s just amazing how demanding the home buying process really is, even here where the prices are relatively low. I am so happy that I do not live in an overheated housing market. I’ll keep my Iowa life, thank you very much.

What Would You Do If You Lost Your Job? This is a great question for everyone to think about as it helps you to plan for contingencies. My plan would be pretty similar to this one, except I might just say “forget it” and give writing for a living a shot. (@ blueprint for financial prosperity)

Ten Reasons People Retire Poor Other than the obvious “not having a lot of income through your life.” (@ personal finance advice)

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  1. jim says:

    I think having contingency plans are crucial and if you don’t, you’re just setting yourself up for headache if something happens. As for going the straight writing route, I need some human interaction and there simply isn’t enough if I were to go the writing route…

  2. Daron says:

    When we started looking for a house, we took a home buyers class. These are offered thru many organization. WE did our with Rural Opportunities, but found out that the local Catholic charities offers a class for free. Many towns have continuing education classes that offer these as well.

    These classes take you through all the steps, including how to budget, what is included in the inspection (you are getting an inspection right?), the mortgage process, how to choose a Realtor, how to find first time homeowner grants, everything. WE know what to expect during the whole process.

    Some of these classes are free or very low cost. The Rural Opportunities cost was actually rolled into the closing cost. The class was several weeks, but it prepared us.

    I know this may not be a good spot for this thread, but it does need to be pointed out to everybody planning on buying a house. You can never be too prepared!

  3. limeade says:

    I’m glad you liked the article. You’ve got a good thing going over here as well. I think I’ll add you to my blog list.


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