When you are looking into purchasing a home, there are many things to consider. These things are universal across all markets. So whether you’re looking for raleigh, memphis, atlanta, chicago or kansas city homes for sale make sure you do your homework before signing across the dotted line. First thing to consider is price, duh. The common misconception is to purchase as much house as your budget can possibly allow. Untrue to the highest degree, this is how so many people got into foreclosure messes this recession period. The value of the home is just as important as your monthly payment. Don’t overspend on a house and make sure you can afford the monthly payment. To ensure this, you’ll want to keep your monthly payment under 25 percent of your total monthly income if possible. Definitely do not spend more than 33 percent of your monthly income. So make sure you can afford the home before you buy it!