(Closed) Was anyone else scared to take the leap and start the home buying process?

posted 4 years ago in Home
Post # 2
Member
943 posts
Busy bee
  • Wedding: September 2016

Fiance and I just closed on our first home on August 10th. We were supposed to close in the beginning of June, but it was delayed due to a fence issue. 

We were both very anxious throughout the entire process – Neither of us had ever bought a house. My advice is that once you find the house you love and get an offer accepted, give the bank everything they need as quickly as possible. 

 

Good luck! There is nothing more rewarding than owning your own home! 

Post # 3
Member
665 posts
Busy bee
  • Wedding: September 2015

My husband and I have been looking since January! It has been a long and very exhausting process, for us anyways. Our home now my husband bought when we first started dating, but it is small and not in the greatest areas/schools. We were originally planning on keeping it as a rental but recently decided to sell. I think the headache for us has been our price range, where if the house is the size we want it isn’t updated at all, or if it is updated it is too small. Also it is definitely a sellers market right now (in our area at least), so there is not much inventory and the “decent” houses get competative offers and a lot end up selling for above asking price. We have put offers on several houses and lost to a higher bidder.

And to add to our anxiety level, our house was listed last friday, and sold on sunday! So now we are going to have to find a rental if we don’t get a house real soon! Like a couple days!! 

Sorry if I am adding to your fear, not trying to scare you more… It is definetly an exciting time to look and homes and to imagine the next chapter of your life together! But also comes with the anxiety and stress of home buying.. It will all be worth it in the end!!

Your first step.. go get a pre approval to know for sure what price range you’re looking atwink. Meet with a realtor and go start looking!! You don’t have to make any decisions right away! 

GOOD LUCK!! 

Post # 4
Member
743 posts
Busy bee
  • Wedding: July 2012

First off, I would get pre-approved by a bank or lending company (smaller, local is better than the “big guys”). Then start interviewing realtors to find one that would be a good fit. He/she should be able to set up your expectations in terms of what you can get for your money. 

Post # 5
Member
9126 posts
Buzzing Beekeeper

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mrshmc1204 :  get preapproved and find a realtor you trust and like – having good professionals to work with definitely makes the process easier and less stressful!

Post # 6
Member
2490 posts
Buzzing bee
  • Wedding: August 2015

We bought our house in May. We got preapproved first and hired a realtor that we met and liked at an open house. It is very stressful but luckily for us it was a short process, we found our dream house surprisingly quickly. Working with a realtor that you trust is so important, he helped us through every step and made us feel much more comfortable, also our loan officer was so incredibly helpful as well.

 

Post # 7
Member
54 posts
Worker bee

Not really…I think we had a couple waves of anxiety when we put our first actual offer in but there’s nothing to be nervous about just starting to look and get pre-approved, etc

Post # 8
Member
5081 posts
Bee Keeper
  • Wedding: December 2014

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mrshmc1204 :  Get a great realtor and mortgage broker. DH and I bought our first house (for either of us) this year and I was nervous and anxious the whole time. We had no idea what we were doing or anything about the process, but our realtor and mortgage broker were wonderful, answered all of our questions and were always available. 

Post # 9
Member
47434 posts
Honey Beekeeper
  • Wedding: November 1999

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mrshmc1204 :  I think almost everyone is nervous when they start thinking about buying a home. It is the most expensive thing most people will ever buy, so it is naturally intimidating.

Post # 11
Member
5938 posts
Bee Keeper
  • Wedding: May 2014

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mrshmc1204 :  Uh … yeah! It’s a HUGE $150,000 or $300,000 or whatever commitment! Plus there are so many unknowns even as you buy the house. What’s behind the walls that’s about to break. Are the neighbors psychopaths? Haha! I’m a huge help. But I think most people get a little anxious with such an important purchase.

Post # 12
Member
4226 posts
Honey bee
  • Wedding: September 2015 - Hotel Ballroom

For us we didn’t really have a choice. 

Father-In-Law had a massive heart attack in Srping 2013. DH and I were just dating at the time and renting an apartment. Father-In-Law was a widower who lived alone. The doctors didn’t know how well he was going to turn out…but when it became aparent he could go home (as opposed to a care facility) the family was told that he couldn’t live alone for AT LEAST the first year. This was DH’s childhood home, and he felt strongly about Father-In-Law being able to stay there (as opposed to moving in with another family member.) We gave up our apartment and stayed at his house until we could officially move in a week later.

After the first year he was medically ok to live on his own, but we started finding out other things…like how he was depressed about being alone…and seeing as he hadn’t had a job since 2011, was drowning in bills. Seeing as the three of us got along so well, we decided to stay and help him out both emotionally and financially.

By 2015 it was clear that DH and I couldn’t afford to keep the house afloat. Father-In-Law decided it was time to sell. The original plan was we were going to get our own place, and he was going to live nearby. Right before the wedding we found out that the bank was about to TAKE the house…but we were able to stall them for a few months…but this MAJORLY pushed up our timeline for purchasing. We bought our first condo in November 2015 (two months after our wedding) and moved in December 2015. DH was actually able to sell the house before it was taken from him…so that was good. We offered for him to come live with us, and he said yes.

Post # 13
Member
2394 posts
Buzzing bee
  • Wedding: October 2016

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mrshmc1204 :  We are looking for our first home and it’s so stressful. I know we need to get preapproved to be serious buyers but I don’t want to start the clock on that and not find anything we love. Also where we are at houses are selling same day so I don’t want to get approved for something and then find out it’s already in contract. 

Post # 14
Member
1203 posts
Bumble bee
  • Wedding: October 2016

We’re mostly scared of the added responsibilities that come with a home. I know we’re ready for them and can manage easily, but at the same time it’s like “eeeh… but we don’t have to mow the lawn at our apartment!”

Post # 15
Member
1893 posts
Buzzing bee
  • Wedding: October 2017

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mrshmc1204 :  My Fiance and I closed on our first home at the end of June. I was stressful, but exciting! I love having a home that is ours, that we can make into a home for our children (both furry and Human!) If you have the finacial stability and savings, do it!

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