(Closed) First Home Offer

posted 7 years ago in Home
Post # 3
Member
1205 posts
Bumble bee
  • Wedding: December 2011

So exciting!  Fiance and I are just going through our first home purchase, too…it’s incredibly stressful but so exciting, too. I have to keep believing that everything happens for the best/for a reason or I’ll go craaaazy.

Good luck!

Post # 4
Member
3762 posts
Honey bee
  • Wedding: May 2010

So exciting!  Its a long process but at least once you get a contract on the house you’re almost there!

Post # 5
Member
13 posts
Newbee
  • Wedding: April 2011

Congratulations! That is absolutely wonderful. Don’t worry about the vanity or the kitchen. It will all come together. Just be happy with your new house and new husband. The house will be fine. House renovation projects can be fun. And, now you don’t have to settle for someone else’s dream kitchen… You can design yours.

 

Post # 6
Member
6015 posts
Bee Keeper
  • Wedding: March 2012

Congrats! At least you’ll be able to pick out exactly what you like in the Kitchen.  And microwaves are amazing cooking tools until everything is in! 

Post # 7
Member
684 posts
Busy bee
  • Wedding: February 2009

 Congrats! Got my fingers crossed for you! I also second not worrying about the kitchen. This way you will be able to get your dream kitchen instead of someone elses. Let us know how everything goes!!!

Post # 9
Member
7806 posts
Bumble Beekeeper
  • Wedding: November 2010

I hate to be a downer here, but did you talk to your lender about the kitchen?  Depending on the type of loan, (I can only talk about the US, btw), the lender may require that the kitchen be functional before they will loan on it.

That is something you can ask the seller to take care of, since any buyer will run into the same problem.  The appraiser is going to have to tell the lender about the state of the kitchen.

FHA is the most strict, usually.

I think it’s wise to be prepared for having to do more negotiating around the kitchen issues.  What is fine with you may not work for the lender.  There are loans, tho that are specifically for purchase plus rehab, so it’s important that you are working with a good lender.

Post # 11
Member
7806 posts
Bumble Beekeeper
  • Wedding: November 2010

@LRin2011:

 

Your dad is probably well aware of how it works, then.  Please do post how it all works out with the lender, I would be interested to see how a conventional lender handles this.

Post # 12
Member
3620 posts
Sugar bee
  • Wedding: September 2010

Good luck! We had given up on looking for houses when our first home came along – and we couldn’t be happier!

Post # 14
Member
184 posts
Blushing bee

@sassy411:From what I understand, when going with an FHA loan, they only require that the kitchen have a functioning cooktop.  That’s what i remember our realtor telling us. 

@LRin2011:Goodluck with the loan situation.!

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