Post # 16
If you get pre approved for a certain amount (for example 300K) you put offers in on whatever homes fit that budget. You dont have to be approved for a specific house. We had our pre approval letter that our lender gave us (address TBD) and we filled in the address when we made an offer.
Post # 17
Yeah, I guess what I mean is I don’t want to start that proccess and not find anything we love because the house we had in mind sold already. We were told we had 30 days from the time we get preapproved. So I am just nervous that we will do that and then not find something we like because the ones we like keep selling so quickly. But I suppose there are always new listings.
The other thing is figuring out WHERE houses in the city are CHEAP but I just don’t know if they will hold their value. We’d love to live down town but the crime rates are also really high and the schools have low ratings. Then we look in the country and I get a little worried our kids would get bullied or something at schools (our kids will be mixed) so I just feel like we are having a hard time finding the right area.
Post # 18
- Wedding: August 2018 - Banquet Hall/Conference Center
Some places have programs to teach first time homebuyers about the process – a local non-profit where I live called NeighborWorks does it here – they run an 8 week class. Maybe see if your city has one of these?
Also, just find a really good real estate agent who you’re comfortable with and doesn’t pressure you.
Post # 19
That’s another reason we’re holding back. The area we want to move to is very competitive and houses sell in mere days! It’s very intimidating especially since we’re noobies lol
Post # 20
we were noobs when we bought in a very hot and competitive market – it’s scary but it was totally worth it for us! We got in juuuust
as the market was recovering so we had to go over asking to beat out 5 other offers, but even with that our house is worth $100k more now than we paid 3 years ago! If you have a great realtor she can let you know if you’re overpaying or not (regardless of if you are over or under asking price).
Also with hot markets I think location becomes even more important than it usually is. Our house is in a perfect spot for us, but it was a fixer upper. We knew we could change the house easier than change locations again so we jumped on it.
Post # 21
I was super excited until 2 days ago when it started becoming real – we think we’ve found the house. Now I’m a basket case worrying about everything!
Post # 22
we bought our house this year. I’d been lookin at home for a while for the shits and giggles. I kind of knew what I wanted, and what he wanted but didn’t know he wanted.
We got pre-approved. found a realtor that took very good care of us. we ended up buying the first house we looked at. I knew it was the one. I drove by it one day after work, knew I had to see it.
we had to deal with VA loan. Which had a few more hoops. But it was pretty simple with the right realtor.