If you've never owned your own home, you might be thinking that this is the perfect time to buy. It is! The economy has had a major effect on housing prices, so homes once valued at hundreds of thousands of dollars are now worth only a fraction of that price. But don't lock yourself into a thirty year financial commitment without the proper research. For most people, buying a house is the biggest financial investment they'll ever make. Between your emotional reaction to the home, your budget and any legal concerns, there are lots of things to consider. Take these all into consideration before you jump into this major investment.