real estate

Buying your 1st home? 5 signs you're ready

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Rent or buy? When you see this you'll know
By Jean Chatzky

5 signs that you're ready to buy
5 signs that you're ready to buy © AntonioDiaz/Shutterstock.com

Buying your first home takes stamina, desire and commitment not only to navigate the complicated and time-consuming purchase process, but also to learn the ropes of being a responsible homeowner.

Maybe you've dreamed about buying. Or perhaps you've researched for-sale homes online, tried to calculate how much you can afford to spend or peeked inside a few open houses.

But are you really ready, emotionally and financially, to step up your game and make your move? Here's a look at what mortgage and real estate pros know about who's good to go and who needs more time to prepare for homeownership -- five ways to know if you're ready to buy your first home.

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