(Closed) DH and I are planing on buying a home!

posted 6 years ago in Home
Post # 3
Member
752 posts
Busy bee
  • Wedding: October 2011

Hooray!!  Congrats!  We also recently decided we are ready to move out of the city and into the burbs.  We are currently in the process of negotiating on a house.

My advice is to not fall in love with a house!  Try to keep emotions out of it and remember that it’s a business transaction so you don’t end up over-paying.

Have fun!!

Post # 5
Hostess
1427 posts
Bumble bee
  • Wedding: November 1999

@dolphi99: CONGRATS!!! πŸ™‚ keep an open mind… get preapproved and find a realtor you like. If you have qualms about one, its not a big deal to leave and get a new one. πŸ™‚

And push for negotiations; you can always write it up in the contract. πŸ™‚ when you find something you like, get your own home inspection, negotiate with your realtor to have them kick back 1-1.5% of the commission back to you. Helps if you look online at redfin and check out the homes yourself and find the open houses. Hence the realtor’s aren’t driving you around and aren’t doing as much work adn are open to kicking back some of the commission. πŸ™‚

Post # 7
Member
1572 posts
Bumble bee
  • Wedding: September 2012

@dolphi99: I agree with peanuthead, try to take the emotion out of it (its hard)!

Try to see the potential in homes. Buy something in a good/great neighborhood. Pay attention to your neighbors houses (this effects your resale too). Don’t let little things bother you, sink, toilets, paont & wallpaper are all easy fixes.

Have fun, its so exciting!

Post # 8
Member
14418 posts
Honey Beekeeper
  • Wedding: June 2011

@dolphi99:  Is zip realty in your area?  Zillow is good reference too.

I dunno if this is good advice, but if we had to do it again, we would have bought a smaller house.  We went for the bigger is better, or at least cant be bad, mentality.  And well, it CAN be bad, when you’re looking at your cooling/heating bills.  We have 3200 sf thinking it’ll be great to grow into, and while its nice, its just not necessary, and I would have prefered saving some money on utilities.   It depends a lot of what you’re used to too of course, but I grew up in 1500 sf with 7 people, so I think we def went overboard.

Post # 10
Member
7312 posts
Busy Beekeeper
  • Wedding: October 2011 - Bed & Breakfast

Good luck!

 

I agree with finding a realtor that you really like. You will spend a lot of time together. We had hesitations about our first realtor, and never felt like we had his full attention. Now that we have switched, and have seen what it can/should be, it’s like a breath of fresh air. Our new realtor is so enthusiastic and attentive and accomodating. It’s awesome, and it’s helping me feel positive about finding the right house.

Post # 12
Member
6661 posts
Bee Keeper
  • Wedding: May 2010

Hooray, congrats!! My biggest piece of advice is to make a list of things that are important to you and put them in order of importance. Like if location is the #1 thing that you aren’t willing to budge on, put that as #1. That will help you prioritize when you are looking at homes, because the bedrooms might seem really small but if it’s on the block you are trying to buy into, maybe you won’t care too much about the bedrooms because of that.

My Darling Husband was only willing to consider homes in a certain 10 block stretch. Because of that, we had to compromise on some other things, but to us the location was totally worth it.

Also, set a budget for furniture and renovations and keep that separate from your DP cash. No matter how ‘turnkey’ a home is, you’re going to want to update somethings and buy some new furniture that fits the space and you won’t want to wait a year to finally be able to afford it. And if you see a house you love that needs a total gut reno, you should walk away if it isn’t priced correctly based on what you have budgeted.

We made sure that we had enough cash to close, move and pay for minor cosmetic upgrades to our new home. Based on our cash savings, we had to only consider apartments that had recent renovations to the kitchen and bathroom, which are usually the most expensive rooms to remodel. We overlooked some water damage and minor repairs that needed to be made, because we knew they wouldn’t break the bank to fix.

Post # 14
Member
1280 posts
Bumble bee
  • Wedding: January 2012

Good Luck!

Post # 15
Member
2397 posts
Buzzing bee
  • Wedding: May 2010

Yay!  Congrats and good luck, I hope you get the house!

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