It has been reported that almost six million adults between the ages of 25 to 34 are currently living with their parents. That number reflects an almost 50% increase since 2003. These young adults are now being advised to jump into homeownership.

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Among all the other challenges of purchasing a home, today’s buyer often has an added burden: the advice of friends, co-workers and family.

A sampling of advice might include:

(a) How dirt cheap ‘those foreclosures’ are;
(b) How much of a discount you should be able to negotiate;
(c) Exactly how much is too much for you to pay, or,
(d) That banks/sellers are so desperate to sell.

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How many would enter a courtroom to defend oneself, knowing you would be going up against a trained prosecutor? How many people would ask the same prosecutor to defend themselves? Sound farfetched?   Read More »