Don't Spend Until You're In

Buying a new home is incredibly exciting, and since the closing process tends to take at least a month or two, it’s tempting to start buying furniture and other items for your new home.

You certainly can, but it almost always makes sense to wait. Sometimes closings can be delayed. Sometimes you may not want to close at all: Inspections may turn up problems you weren’t aware of; a title search may uncover liens or other claims against the property, or you might not be able to complete the purchase due to a major financial setback. If you can, wait to make purchases until after you have closed – that way you’ll know you’re spending money wisely.