Post # 1
Bees who have bought your first home already,
how did you stand the waiting?!?!
We’re trying to save up a downpayment after the wedding ate up most of our savings and I’m going INSANE. Its maddening to know that we could afford the monthly payments for most of the places we’re looking at, but not the downpayment *yet* It will probably take us a year or more to get a really solid downpayment/cushion amount saved up. Its the smart, grown up thing to do, BUT I WANT IT NOOOOOOOOOOOW!
Post # 3
We have the down payment ready but can’t get our act together for some reason! I just wish we could make a decision already, ugh.
Post # 4
I hear ya! We’re in the same situation… except we don’t know yet where we’re going to settle. Everyone keeps saying, “Now’s the time to buy!” But we just can’t until we know where we’re headed. You’re not alone!
Post # 5
Our down payment is getting there!! I’m just impatient for it to build into something more substantial. Its really annoying!!
Post # 6
- Wedding: October 2011 - Bed & Breakfast
It takes a while, unfortunately. Mr. LK and I were both saving before we ever met one another, so that decreased our wait time significantly. Even now that we are shopping, there is still waiting involved. We found a house that I love, and now I have to wait a week to go see it again before we make any decisions. Gahhh!
Post # 7
We pay pretty high rent, enough that we could definitely afford a mortgage. We even have qutie a bit saved. We are screwed because Darling Husband doesn’t have a permanent job 🙁 I have a good job that pays well and Darling Husband works all the time, but he is seasonal part of he year and on contract with another employer for the other half. Blah.
Post # 8
We saved like crazy for about two years then finally asked my parents for DP help. Actually, it was more like we accepted their offer because they had already put it out there several times that they were willing to help. There’s no way we could have done it without them, even if we had moved to a less desirable location. This is a very expensive city!
Post # 9
Besides the down payment, there are closing cost – which are A LOT! We held off until we were ready, and my advice is to Keep yourself busy!! and not think about it!!
(which I know is really hard – I had to stop my self from looking online at houses!!)
Post # 10
We actually were waiting and then flipped it around! We were set on the slow path to saving for a 20% downpayment. Then a couple days after Christmas we decided to just apply for a loan, wherever we stood, and see what happens. We really wanted to buy the house before we married!
Fiance applied with only himself on the loan. He got an FHA approved loan at 4% interest. He was approved for the perfect amount. We would be paying the same on our total mortgage payment as we were in rent.
We found the perfect house, brand new, never lived in, and they upgraded everything for us and put in more landscaping. It happened to be the model home.
Seller has agreed to pay all of our closing costs!
Fast forward to now, we close on our first home February 3rd and get married March 10! The process has been painless, and we have money in the bank!
It was the best move for us.
Edit: My advice on the waiting? Read others stories about saving and waiting! Like many of the PP’s, it helps to have other people relate. Also, stay busy! Maybe even turn your saving into a game. I saw something on pinterest where a girl would move a marble to an empty jar from a full jar or her lbs lost during her diet/workout. Maybe something like that would be cool on dollars saved for the house! Visuals always help me when I am trying to attain something. I also have a picture of THE house at my desk at work.
Post # 11
Girl I hear ya on this. We decided to build new and have our house picked out already, and have a few lots on the radar that we may purchase. Except, we will not be able to save up enough until AT LEAST June-July of 2013, if not even later than that. It’s killing me. Like you said, I know it’s the grown-up responsible thing to do but I WANT TO BUY IT NOWWWWWWW. The house we picked to build is our absolute dream forever home and everything we’ve always wanted, it’s right in our price range, and it KILLS me that we won’t start building for probably another 2 years D: D:
Post # 12
You will probably think this is silly, but here goes 🙂
Fiance and I both work pretty hard, but it seems like one thing after another keeps coming up – cars break down, our rent goes up, etc. We only have a little saved, and even f we had more…there really isn’t much in our areas to buy right now anyways!
What I do…here’s the kinda silly part…is figure out what design I want to do in our bedrooms, kitchen, son’s room, etc and clip pictures of furniture and designs out of magazines. For example..my son loves the color green…and dinosaurs and trains. So I found some sheets for his bed with green dinosaurs (and found the color of green I want to paint his room …one of those little paint sample cards..) and stuck it in a notebook. I also look for stuff like sheets and dishes when they are on sale and buy them and stick them in my storage room “for the new house”. I know it sounds kinda weird… but it seems to really help me with worrying about buying the house!
Hope this helps :)))) Good luck!
Post # 13
take a trip the hardware store and look at all extra stuff you’re going to buy like a lawnmower, snow plow, paint, wall paper remover, curtains for every window, power tools to install said curtains & rods, mops, light bulbs, lamps, cleaning supplies, etc etc. it gets expensive. then take the time to read up on what to do when the sink leak/clogs, basement floods, school taxes double, power is out for a week, etc.
i guess what i’m trying to say is, enjoy your house-free (way less responsibilty) while you stil have it!
Post # 14
@kerensa: Yeah, I’ve decided to embrace the ‘we don’t have to fix that yet’ mentality, even though we mostly fix the stuff that goes wrong in our apartment.
Though… planning out all that extra stuff I’ll have to buy / know how to do would probably be smart!