For most of us, buying a home is the single biggest financial transaction we will make. It's exciting and fulfilling, but it can also be overwhelming, even downright frightening. The pitfalls are many but fortunately most are commonplace and we can tell you how to avoid them.

You've found the perfect home! It's in the perfect neighborhood, on the perfect street with the perfect neighbors and the perfect backyard. You've cannily negotiated the perfect price, one that leaves you with just enough money to cover the cost of your move   and maybe pay for a new set of patio furniture. But are you sure you know what it's really going to cost you to buy your home?

Nobody likes flushing money down the drain but that's what you're doing when you hand over your rent money every month. The moment it leaves your hand your money is working for someone else and not building equity for you and your family. If you feel it's time to own your own home here are some things you need to know before you make your first move.

Nobody but a lunatic enjoys moving. Moving is work not pleasure. It takes time, energy, money, and attention. So it won't be fun but does it have to be painful? No, but like the dentist says, "it may pinch a little".

Condos have become an increasingly attractive home ownership option for singles, young couples, families and retired couples (that's just about everybody!). A condo is a viable option for anyone who wants to own a home without the worry of repairs, maintenance and dreaded chores like snow shoveling.