Why may it be a good idea for newlyweds to lease a few years before purchasing a home together?

What will be an ideal response?

Answer: There are several good reasons for newlywed couples to delay purchasing their first home together. The closing and selling costs associated with purchasing and selling a home are substantial costs that generally can't be recovered if forced to sell within a few years. Possibly living together for a while will identify if the marriage will work out for the long run, both from an emotional and financial perspective. Possibly they can live cheaper in a leased home allowing them to pay off past debts and save up a larger down payment. Possibly they will have a better idea of when they want to start a family which would have a big impact on the type of home they would need with children.

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What will be an ideal response?

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Indicate whether the statement is true or false

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