Author Topic: Went through the process of house hunting/buying  (Read 28245 times)

Offline bzam99

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Went through the process of house hunting/buying
« on: May 13, 2013, 09:50:41 AM »
Anyone have any insights to share with the rest of us from your experiences from looking and buying a house? Good mortgage brokers? tricks? useful relevant credit information? inspection tips? etc

Offline bubkiz

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Re: Went through the process of house hunting/buying
« Reply #1 on: May 13, 2013, 10:07:18 AM »
Anyone have any insights to share with the rest of us from your experiences from looking and buying a house? Good mortgage brokers? tricks? useful relevant credit information? inspection tips? etc
Maybe Dan can do a "How I bought my house".  :).

Offline Ergel

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Re: Went through the process of house hunting/buying
« Reply #2 on: May 13, 2013, 10:10:41 AM »
Maybe Dan can do a "How I bought my house".  :).
it'sverysimple. move to cle

Anyone have any insights to share with the rest of us from your experiences from looking and buying a house? Good mortgage brokers? tricks? useful relevant credit information? inspection tips? etc
where are you looking?
Life isn't about checking the boxes. Nobody cares.

Offline twentie4hrs

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Re: Went through the process of house hunting/buying
« Reply #3 on: May 13, 2013, 10:12:48 AM »
Anyone have any insights to share with the rest of us from your experiences from looking and buying a house? Good mortgage brokers? tricks? useful relevant credit information? inspection tips? etc

Always make sure you have a home inspection...don't trust the sellers.

The 2 biggest concerns you need to have are roof issues and HVAC issues (these will be the most common expenses.)

Make sure you UNDERSTAND the contract. Not reading it or understanding it won't be a defense if you end up going to court.

Don't have the "i need to JUST buy" attitude. This will be one of the biggest decisions you make and, most likely, be stuck with.
You don't want to wake up every day and be upset you bought a money pit.

« Last Edit: May 13, 2013, 10:17:09 AM by twentie4hrs »
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Offline Dan

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Re: Went through the process of house hunting/buying
« Reply #4 on: May 13, 2013, 10:16:13 AM »
it'sverysimple. move to cle
:D

A good home inspector is invaluable.  Ours cost $200 but saved us $5K.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline bzam99

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Re: Went through the process of house hunting/buying
« Reply #5 on: May 13, 2013, 10:20:25 AM »
How do I edit the name of the thread to make it clear?

Offline meshugener

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Re: Went through the process of house hunting/buying
« Reply #6 on: May 13, 2013, 10:34:53 AM »
it'sverysimple. move to cle

Meh, that's something an infant can do.
In another few months I'll be a real hero posting 'how meshugener bought his home in NYC' 
Who paid for the down payment and who pays the mortgage: everyone but meshugner...

Better deal than free toilet paper.
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Offline RT

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Re: Went through the process of house hunting/buying
« Reply #7 on: May 13, 2013, 10:58:49 AM »
We bought a pretty nasty outdated pot house. Yes, they had a "Pot room", the carpet wreaked.
We bought our house for a great price and spent about 50K fixing it up. (New kitchen, 1 new bathroom, new carpet, new tile, fresh paint, new doors, new light fixtures)
Always look at the potential of the house. When I first walked in the house I said there was no way in the world I would ever buy the house. It was nasty! But with a little money my house looks beautiful!
The problem with a house is that things break. Last week my AC broke and we spent $650 fixing a 20+ yr old unit. The house needs all new windows and a new front door. There will always be work to do in a house.
At least the money that I am paying in mortgage I will hopefully get back one day when I sell my house.
First time home buyers are at an advantage with interest rates. I am paying 3.625%

Offline sky121

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Re: Went through the process of house hunting/buying
« Reply #8 on: May 13, 2013, 11:24:18 AM »
We bought a pretty nasty outdated pot house. Yes, they had a "Pot room", the carpet wreaked.
We bought our house for a great price and spent about 50K fixing it up. (New kitchen, 1 new bathroom, new carpet, new tile, fresh paint, new doors, new light fixtures)
Always look at the potential of the house. When I first walked in the house I said there was no way in the world I would ever buy the house. It was nasty! But with a little money my house looks beautiful!
The problem with a house is that things break. Last week my AC broke and we spent $650 fixing a 20+ yr old unit. The house needs all new windows and a new front door. There will always be work to do in a house.
At least the money that I am paying in mortgage I will hopefully get back one day when I sell my house.
First time home buyers are at an advantage with interest rates. I am paying 3.625%

Most if not all houses have problems. It's just good to get an idea of what kind of problems those are and will be. And a lot of people can give you a good idea of what will need to be fixed etc in the future. 
"Not all who wander are lost"

Offline Ergel

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Re: Went through the process of house hunting/buying
« Reply #9 on: May 13, 2013, 11:43:06 AM »
Most if not all houses have problems. It's just good to get an idea of what kind of problems those are and will be. And a lot of people can give you a good idea of what will need to be fixed etc in the future. 
1, and a good home inspector will give you an idea of what the house needs immediately. but maintaining a home is expensive and costs will add up
Life isn't about checking the boxes. Nobody cares.

Offline RT

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Re: Went through the process of house hunting/buying
« Reply #10 on: May 13, 2013, 12:08:40 PM »
1, and a good home inspector will give you an idea of what the house needs immediately. but maintaining a home is expensive and costs will add up
+1

Offline meshugener

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Re: Went through the process of house hunting/buying
« Reply #11 on: May 13, 2013, 12:16:46 PM »
Its definitely not comparable the expenses of maintaining a brand new build home vs. 10-20yr old building.
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Offline RT

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Re: Went through the process of house hunting/buying
« Reply #12 on: May 13, 2013, 12:17:34 PM »
Its definitely not to compare the expenses of maintaining a brand new build home vs. 10-20yr old building.
Or a house built in 1957

Offline Ergel

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Re: Went through the process of house hunting/buying
« Reply #13 on: May 13, 2013, 12:18:44 PM »
Its definitely not to compare the expenses of maintaining a brand new build home vs. 10-20yr old building.
true. so the government will be buying you a brand new home?
Life isn't about checking the boxes. Nobody cares.

Offline meshugener

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Re: Went through the process of house hunting/buying
« Reply #14 on: May 13, 2013, 12:22:54 PM »
true. so the government will be buying you a brand new home?
Believe it or not.
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