(Closed) Home buying status thread

posted 7 years ago in Home
Post # 4
Member
3943 posts
Honey bee

1. What step are you at in the home buying process? 

We bought last May 🙂

2. Is this your first home? 
 Yes, first home for both of us.

3. What are type of home are you looking for? How many beds/baths? What are your other requirements or wants?  

Ours is 3 bedrooms/2 bath, finished basement and huge yard. Our requirements were location, big yard, quiet neighborhood/street, 3+ bedrooms, and nothing that needed major repairs. We got all that, plus more 🙂

4. How are you feeling? (Happy, anxious, pissed off… etc)
Now I am happy!! I love owning a home!! However, during the process my emotions ranged from happy, sad, anger, happy, furious, etc. I cried many times during the 3 months we were under contract. It was so stressful, but so worth it.

5. Any advice for other bees buying a home?
Omg, so much. Have all your paperwork in order like tax returns, bank statements, work history, etc. Find a realtor that you trust-we had to break up with our first one. Find a mortgage broker or bank that you trust-we hated and still hate ours. Im still traumatized by the whole experience.

Post # 5
Member
146 posts
Blushing bee
  • Wedding: August 2010

I’ll bite!  

 

1. What step are you at in the home buying process? 

We have put in an offer and had it accepted last weekend… we have signed all of our mortgage papers, and are waiting on the inspection and appraisal this week. 

2. Is this your first home? 
 Yes, first home. 

3. What are type of home are you looking for? How many beds/baths? What are your other requirements or wants?  

We wanted a cute 3 bedroom – 2 bath- spacious kitchen, fenced in (decent sized) back yard-  cute/safe neighborhood- not older than 1990- 2 car garage-  It took 28 houses to find this!

4. How are you feeling? (Happy, anxious, pissed off… etc)

Super excited- we are ready to move in already!

5. Any advice for other bees buying a home?

Keep looking until you find the perfect house- we were ready to settle for a less than perfect house, and this one popped up on the market on Thursday- we put an offer in on Saturday!  Our search was really getting frustrated!

Post # 6
Member
124 posts
Blushing bee
  • Wedding: September 2012 - Our backyard!

1. What step are you at in the home buying process? My boyfriend and I just started house hunting a couple of weeks ago. We obsessively searched Trulia and found a realtor and loan officer. We have just settled on an agreement for a house and next up is the home inspection process within this week sometime. Eep!

2. Is this your first home? We live together in an apartment, but this will be the first home we’ve ever owned. 

3. What are type of home are you looking for? How many beds/baths? What are your other requirements or wants?  We’ve been looking for a home in Pennsylvania under 200k with 3 bedrooms, central air, a backyard and not a huge fixer upper (although we will do DIY projects like removing wallpaper and such). 

4. How are you feeling? (Happy, anxious, pissed off… etc) Excited, nervous, giddy, hopeful!

5. Any advice for other bees buying a home? I think my main tip is to not rely too heavily on realtor advice. Our realtor suggested we settle for the price the house was listed as and we ignored her since we figured she was just looking out for herself. We offered a price $8,000 under the listed price, and also got $11,000 of sellers assist, which was perfect for us. I definitely recommend spending your free time browsing Trulia.com and not getting discouraged if you spend weekend after weekend checking out houses that looked better online. You’ll find one with a little patience and perseverance!

Post # 7
Member
141 posts
Blushing bee
  • Wedding: October 2012

Me too!

1. What step are you at in the home buying process? Waiting to close on March 18 and move on March 26! We found a place in January and went through the whole process of putting in an offer, getting our home inspection, negotiating repairs, final approval for the loan and here we are… waiting!

2. Is this your first home? Yes!

3. What are type of home are you looking for? How many beds/baths? What are your other requirements or wants?  We were looking for ideally a 3 bed/2 bath under or around $200k in the Chicago suburbs with a large kitchen, moderate back yard, a garage, with some character and not a foreclosure/short-sale/run down property. Almost impossible, but we finally settled for a large 2 bed 1960 cape cod with 1.5 bath, a basement and 1 car garage. Not perfect, but close enough for our first house! 

4. How are you feeling? (Happy, anxious, pissed off… etc) Super anxious and stressed, but very excited! We are trying to get everything together before the move and start packing. I just need it to be moving day now so I can stop worrying and start doing!

5. Any advice for other bees buying a home? My advice echos a PP. Have all of your account information in order (bank statements, savings, retirement funds etc) and don’t move a lot of money around between putting in your offer and getting officially approved. Banks are very picky these days and every little move you make will need to be documented!

Post # 8
Member
1927 posts
Buzzing bee

1. What step are you at in the home buying process? We just bought our house in November.  We had been looking pretty much since right after we got married in March.  But we weren’t seriously ready to make an offer until about September.  I work for the bank that we did the mortgage through and I knew we would qualify so we didn’t go through the pre-approval process.  We just called them up once we had made an offer.  And we happen to get lucky and buy when interest rates were pretty close to their bottom.

2. Is this your first home?  Yup, first home for both of us.

3. What are type of home are you looking for? How many beds/baths? What are your other requirements or wants?  We wanted 3 bedrooms, 2 bathrooms, and updated kitchen, and a nice yard (hopefully fenced in).  We ended up finding exactly what we wanted in an adorable subdivision with lots of young families.  We ended up getting 3 bedrooms plus a loft and 2 1/2 bathrooms.  The guy who owned the house before us we a subcontractor and did some great work.  We have amazing flooring through the downstairs, and awesome upgraded kitchen, and an amazing back yard with a custom deck.

4. How are you feeling? (Happy, anxious, pissed off… etc)  Now, I feel awesome.  But there were some ROUGH days!  We ended up paying very close to the asking price of the house.  Which, in all honestly was still a good deal.  They were priced aggressively because the wife was pregnant with their 6th kid and they needed to get into their bigger house (which they had a contingency contract on).  But still, I was really hoping to get a better deal and I felt like I was “losing” when they weren’t very willing to budge.  I think they knew how much we loved the house which probably hurt us.  We went slightly above what we wanted to pay, but we weren’t willing to walk away from the perfect house for the sake of $30 difference in our monthly mortgage payment.  And even once the offer was accepted it was stressful to deal with all the paperwork for the mortgage and then we got in the house and I felt so unsettled for the couple weeks it took us to move everything from our apartment that I started to doubt out decision and freak out again.  But now that I’m settled I am soooo happy with where we are.

5. Any advice for other bees buying a home?  Be picky!  It’s worth it.  I know sometimes it’s easy to get ahead of yourself.  Once you’re ready to buy you want to do it RIGHT.NOW.  Especially if you are currently in a less than ideal living situation.  But a few more months of discomfort and being anxious are totally worth it to find the perfect house.  There are soooo many houses on the market right now that as long as your expectations are in line with your price point you can find your dream house.  Also, if this isn’t going to be a long term home remember to look at the house from the perspective of resale value as well!

Post # 9
Member
6572 posts
Bee Keeper
  • Wedding: February 2010

1. What step are you at in the home buying process? We put an offer in a short sale house. We put in the contract that we want to know by May 15th (I’ll be 7 months pregnant then and then 8 months by closing if this works out), so we’re hoping it happens! It’s been over a month so far…

2. Is this your first home? We’re in a townhouse now that my husband bought before he met me. So technically it’s mine now too, but I’ve never gone house hunting before.

3. What are type of home are you looking for? How many beds/baths? What are your other requirements or wants?  We want 3 bed 2 bath. A big fenced in backyard for the dog is a must, and a 2 car garage. I want a fireplace too, but it’s not a must. I live in FL, but it still gets cold in the winter! No major repairs b/c like I said, I’ll be very pregnant when we move in so I won’t be much help.

4. How are you feeling? (Happy, anxious, pissed off… etc) Anxious I guess, I’m trying to not think about it and what will happen if we don’t get the house.

5. Any advice for other bees buying a home? I had a lot of trouble finding the “perfect” home. Since we have a short time frame to buy one (want to have it before the baby comes), I knew I just didn’t have time to search for the perfect home, so I quickly realized that I can find a home that is nice, meets all of our requirements, and can be fixed up and made my perfect home over the years.

Post # 10
Member
3539 posts
Sugar bee
  • Wedding: August 2010

1. What step are you at in the home buying process? We are building. We put an offer on a block yesterday. Then its the long process of if they accept offer, get house plans, submit them to councel, await approval.. then build.. further 5/6 months.

2. Is this your first home? yes.

3. What are type of home are you looking for? How many beds/baths? What are your other requirements or wants?  We are all for big open living, thats our priority. 4 x 2 with plenty of space.

4. How are you feeling? (Happy, anxious, pissed off… etc) EXCITED!!

5. Any advice for other bees buying a home? think about the reason, in our market at the moment it is cheaper to buy a block of land then build rather than an exisiting house. So hence why we are going this route. We get exactly what we want at approximately with a 30 – 200k saving.

Post # 11
Member
14497 posts
Honey Beekeeper
  • Wedding: June 2011

1. What step are you at in the home buying process? Purchased last year.

2. Is this your first home?  Yup, first for both of us

3. What are type of home are you looking for? How many beds/baths? What are your other requirements or wants?  We wanted a 3 or 4 bed, 2+ bath, with 2 car garage and good size yard.  And we got our garages and 4 bed/2.5 bath, with an acre of useable lawn (unbelieveable how hard this was to find in the area) though we had to blow our target budget by 20% to get it,

4. How are you feeling? (Happy, anxious, pissed off… etc)  Thrilled now that the stress of the house hunt and two major disappointment of losing what we thought was the dream house.

5. Any advice for other bees buying a home?  Don’t get too attached to the “one” until the offer is accepted and even if you do, I now believe things happen for a reason.  We got a better home than the first two we thought was perfect.  Be picky, but reasonable with what you can really buy with your budget or it will only cause fustration.  And most importantly….don’t underestimate the start up cost (tools and stuff for repairs) and cost of heating/cooling.

Post # 12
Member
1361 posts
Bumble bee
  • Wedding: April 2011

Fun!

So  now that I am officially in the home buying process, I thought it would be cool to see where everyone else is. I know how frustrating it can be and how much waiting we can do. So let’s keep ourselves busy…

Oh, plus, I would love to learn from bees who are further along in the process than I am.

1. What step are you at in the home buying process? Looking at other houses in the other city, and trying to find renters for our house in our current city.

2. Is this your first home? Mine…yes.  FI’s name is on this house, but I’ve lived here for 1.5 years.

3. What are type of home are you looking for? How many beds/baths? What are your other requirements or wants?  Probably a condo or townhouse.  Hopefully 2+ bedrooms.

4. How are you feeling? (Happy, anxious, pissed off… etc) Stressed!

5. Any advice for other bees buying a home? Nope…buy mine????

Post # 13
Member
1205 posts
Bumble bee
  • Wedding: December 2011

1. What step are you at in the home buying process? We closed at the end of January, and moved in Feb 1!

2. Is this your first home? Yes

3. What are type of home are you looking for? How many beds/baths? What are your other requirements or wants?  We wanted a single family home but it turned out we couldn’t afford anything “move in ready” in our area, so we went with a large townhouse/condo space in a “deluxe” development (whatever that means; I bet they all call themselves that!).

We wanted 2 bedrooms (and got 2 very good-sized bedrooms), a nice space for entertaining, and a great kitchen (I love to cook). We also wanted (and got) a basement for storage.  I really wanted skylights and we did get 1, but it’s on the top floor and I only see it when I work out (we have our TV and treadmill up there and, since we watch little actual tv, I’m almost only up there to do workout dvd’s and treadmill).  We also got a fireplace, which I really wanted, which is also on the top floor so I never actually use it (oops).

I wanted and did NOT get a cul de sac, my own yard, and a closed garage. I do have 2 little balcony/patio spaces off the main floor and the bedroom, as well as a little patio off the basement (we have a walk-out basement with full sliding door). We definitely compromised there, but at least I can grow herbs on the deck!

We started with a budget of 100k, quickly realized there would literally be nothing out there at that price, and bumped it up to 250k.  We closed slightly above that price, and then had to pay all the closing costs (whoops) but we did get a great space for the price.

We also have a really crappy public school system, but we’re not looking at having kids for another 7 years or so, so hopefully we’ll be in a better place financially at that time and can upgrade!

4. How are you feeling? (Happy, anxious, pissed off… etc) I’m still having a hard time with the transition since this meant giving up my childhood home forever; my parents are selling which is why we had to move out (FI and I were renting from them since they moved to London and then to Denver). HOWEVER, when I look at the bright side, I get very excited. It’s a really special time to be building our lives and home together, and I’m glad that Fiance will feel more included in our space (since he felt like my childhood home was really MY home and not OUR home).

5. Any advice for other bees buying a home? Be patient, breathe, and try to believe that it will happen when it’s supposed to happen.  Get an idea of prices in your area before you get pre-approved.  Find a realtor you know you can trust since s/he will have to stick up for you in negotiations!  Drink a lot of wine, and whiskey when you’re really stressed out. (um, what? I totally work out when I’m stressed…except when I’m so stressed I can’t think straight. I think I gained 5 alcohol pounds in the home buying process.)

Post # 14
Member
317 posts
Helper bee
  • Wedding: October 2010

1. What step are you at in the home buying process?  I am pre-approved by underwriting.  It will just be my name on the loan, hubs needs to clean up his credit, huge bummer cause we can’t use his income.  We offered $6000 under asking with up to $7700 in closing costs.  We’ll have an answer by the 25th of March.

2. Is this your first home?   Our first purchase together, being both of us were married prior we’ve both owned sort of, my name was not on my ex husbands title.

3. What are type of home are you looking for? How many beds/baths? What are your other requirements or wants?    3+ bdrm 2+ ba.  What we made an offer on is teeny tiny, but 4 bdrm 2 ba.  We can sacrifice the living space but not the bedroom space, everything in this area is either bank owned or a short sale so everything in my price range is trashed, absolutely trashed.  This home is a short sale but has a bit of a different situation, the guys mom is an agent and her broker is listing, so there is a little bit of pull on our side.

4. How are you feeling? (Happy, anxious, pissed off… etc)   Anxious, happy, relieved, and nervous.

5. Any advice for other bees buying a home?

Don’t get too wrapped up in the first one, if the counter then counter back, it’s a buyers market right now.  I’ve had some issues with different banks (some bank owned require you prequal with them and that has raised issues.  Keep on looking, don’t give up.

Post # 15
Member
610 posts
Busy bee
  • Wedding: May 2011

1. What step are you at in the home buying process? Kind of just peeking at mls to see what we can afford in the areas we like. May get more serious into buying a new house after the wedding in may and once the reno’s are done this summer on our current house in hopes of getting more than we paid for it 2 years ago. Fingers crossed. We are completing the basement and updating almost everything.

2. Is this your first home? This will be our second home. We bought our first house 2 years ago when i was 21 and Fiance was 23. Now looking into getting out of a townhouse lifestyle and buying a detatched single family home.

3. What are type of home are you looking for? How many beds/baths? What are your other requirements or wants?  We are looking for a newer build. Newer area. Something close to parks for the dogs. Something with a fenced yard for the dogs. Must have at last 3 bedrooms. 2 bathrooms. a eat-in kitchen. open concept. would prefer a finished basement but not necessary. We are looking around $300 to $350 range.

4. How are you feeling? (Happy, anxious, pissed off… etc) I am excited we were blessed enough to buy a newer house faster than we had expected due to our raises we have both got from work.

5. Any advice for other bees buying a home? Do allot of searching on your own as well as enlisting an agent. Sometimes it’s hard for the agent to find what you’re looking for. I actually ended up finding our house and just needed the agent to view it and make the deal go through. Check into the neighbourhoods crime, etc before buying in it. Talk to neighbours of the house you may be interested in, i found this was really reassuring when we bought out first house. Make sure you have at least the necessities you want because even though it’s your first time home you never know how long you might be living there. Make sure you keep your options open and don’t get to impatient you will find the right home for you. I think it is best to start with a fixer upper so you can build equity and hopefully end up selling it for more than you paid. You can also learn how to do allot of DIY reno’s. We learned how to tile (probably my least favorite but, made allot more modern looking bathroom). Did allot of painting. Installing a new vanity/sink (learned some things about plumbing). Adding new light fixtures (learned a thing or two about electricians). It’s amazing how simple some of these projects were once we got started. It’s the best feeling in the world to buy your first house. Good luck bees.

Post # 16
Member
6351 posts
Bee Keeper

1. What step are you at in the home buying process? Offer submitted as of nine a.m today!

2. Is this your first home? Mine yes but not his.

3. What are type of home are you looking for? How many beds/baths? What are your other requirements or wants?  We have an offer in on a 3 bed, 2 bath colonial in my hometown. We needed to stay near his son and wanted to stay near my family.

4. How are you feeling? (Happy, anxious, pissed off… etc) Nervous! Accept our offer 🙂

5. Any advice for other bees buying a home?

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