DH and I just bought a HOUSE?!

posted 2 years ago in Home
Post # 2
Member
290 posts
Helper bee
  • Wedding: September 2014

Mill:  Expect the unexpected. seriously. And please do yourself a favor and make sure you are extremely strict with the home inspections. If they suggest something needs a close look, do it! My husband and I bought a house in March and the inspector said the bathtub drain was “draining slow”. We asked for the owner to fix it and after one week of living in the house we find out it was a rotted pipe that busted open. Our house is on a cement slab… was not an easy fix. Cost about $3000. 

Enjoy the process, I know it can be stressful. Make sure you celebrate with some champagne in your new home! 🙂 

Post # 3
Member
2364 posts
Buzzing bee
  • Wedding: November 2014

Mill:  Wow, congratulations!  Right place, right time, many blessings in your new home!  

BTW do you have a recap?  Did we already go through this lol?  I just posted mine yesterday, waiting for pro pics! 🙂  I’d love to see your mill wedding!!  

Post # 5
Member
941 posts
Busy bee
  • Wedding: April 2015

Mill:  I would also recommend asking the seller to purchase you a one year home warranty. We did this on our last home purchase and it saved us some of those “surprise” costs in the first year of owning the home (AC repairs, etc)

Post # 7
Member
2364 posts
Buzzing bee
  • Wedding: November 2014

Mill:  WOW you got prime season mums!!  Beautiful!!  I’m holding my breath for the pro pics! 🙂 

Post # 9
Member
941 posts
Busy bee
  • Wedding: April 2015

Mill:  It’s not very expensive and can save you some money in the long run if anything happens. It sounds like you’ve already got a purchase contract though, so it may be too late, depending on how home inspection goes. If the Seller doesn’t do it, it might be something you would want to look into purchasing yourself, especially if you are a first time home buyer and the house isn’t brand spanking new. 

Post # 11
Member
7281 posts
Busy Beekeeper
  • Wedding: October 2011 - Bed & Breakfast

My advice is to not count your chikens before they hatch. Stay emotinally detached and don’t assume that an accepted offer = a closed deal. Lots of things can happen between offer and closing. Stay as calm and level-headed as you can, and don’t be afraid to walk away from a deal if it’s just not working for you. This is a very expensive business deal, so treat it as such.

(Said from the vantage point of someone who had to cancel 3 contracts before closing on the 4th. The emotional devestation from losing that first contract was hard, and I learned to be detached after that to save myself from anymore heartbreak.) 

Also, make sure you have an extra $5k leftover in the bank (seperate from your leftover emergency fund) for all of the random crap you will end up buying, like lawn equipment, trash cans, de-humidifiers, storage systems, etc. You will hemmorage money for the first 6 months after buying a house. It’s best to be prepared.

Post # 12
Member
1679 posts
Bumble bee
  • Wedding: October 2013

Congrats!!! That’s so exciting! It can definitely be a stressful process….the worst part of our home buying process was with the bank. They constantly came back to us to get more and more paper work until (literally) the DAY before we closed!!! And they pushed our closing day TWICE. It was awful. So my tip is to make sure you keep all correspondence from your mortgage broker & get as much information to them as early as possible. And don’t be afraid to be firm with them if they are trying to push you around. I had to go up the chain so someone to demand they didn’t push our closing out again.

Good luck!!

Post # 14
Member
941 posts
Busy bee
  • Wedding: April 2015

Mill:  Make sure you review the Closing Statement before you walk in the door for Closing. They are often wrong. Your realtor should be able to help. I had to fight and fight and fight to get this ahead of time, but it will save your sanity when it is, almost inevitably, wrong at Closing. 

Post # 15
Member
122 posts
Blushing bee
  • Wedding: December 2014

lovekiss:  + 1000. Dont fall in love with a house until it is yours. So many things could go wrong. I second the home warranty-mine saved me from having to buy a nw water heater within 6 months of purhcase. If fi had one for his home, he wouldnt have had to spend $7k in his first year of ownership for a new a/c system. Mine runs under $40/month and is so so worth it. Mine covers plumbing, all appliances-even the built in microwave!

 

Enjoy the new home, and congrats!!

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