Tweet
Plan on buying a house in four months and never owned one before. Guess I'm on here to get any advise on mistakes that might have happend with your purchase or move, how to go about it, what all you need to make sure is done...etc. I'm totally clueless when it comes to this stuff.
-
See you later... -
find the house, then let the realtor earn their 6%. congrats.
god bless.It is easier to build strong children than to repair broken men -Frederick Douglass -
Get a GOOD realtor. Mine sucked and i hated knowing how many thousand he was making off the house purchase.Comment
-
Master patience and hope you don't have any grey hair right now because when you're done you will definitely have some.Originally posted by Cmarsh93zComment
-
Lowball like a motherfucker right now. Don't buy a fixer upper. Buy something someone else has already put their life savings into. Get into the best neighborhood you can afford for your price range. Don't buy a bigger house than you need, otherwise you're going to be spending all of your free time cleaning it.Comment
-
-
-
Holy shit, I missed my name somewhere in this post. : POriginally posted by talisman View Post
Sound advice though!Comment
-
How long does it take typically for everything to be done (loan, etc...) before you can move in? My lease is up in four months and wondering if i should be looking heavily right now, or can i wait a couple of months? I already know what city i want to move so its just finding something in that area (which there is plenty to choose from.) I'm afraid i will run out of time if i dont start looking now.See you later...Comment
-
-
omg, THIS!!!!Originally posted by 347Mike View Post"Self-government won't work without self-discipline." - Paul HarveyComment
-
Originally posted by ImayBblack View Post
Yes, start looking immediately. You might lose one or two also after you make a decision and then find out while you were deciding someone else put in a contract. Most apartments will let you go month to month once your lease expires, but it will be at a higher rate. It's a beating.Comment
-
Should i apply for the loan first or when i pick the house?Originally posted by talisman View PostSee you later...Comment
-
A lot of banks will over-finance people to the point, that if they fall into hardship, there is almost no option other than foreclosure. Try to get points and buy down the interest rate at closing. Don't fall for anything other than a traditional loan, no fha/va, investor, dsi, arm or equivalent loans.
Remember, your loan officer most likely bonuses or makes commission by signing you. They are not your friend. Don't trust them and do your own research.
I work on the default side of REL, so I don't have too much exp in lending or loan closing. But this is what I would begin with.DedComment
-
If you only have 4 months left then I would be getting a preapproval letter from a lender now(I highly recommend SVT Lurch here on the board) and then get out there and look for properties that suit your needs/wants. You never know how long it will take before you find what you're looking for, settle on a price with the seller, and get all the inspections done, let alone allow ample time for all the other necessary evils it takes to even get the loan paperwork processing. Then you have to deal with the title/abstract company that prepares all the documentation which can be somewhat of a lengthy process depending on the company. I'd rather have it all done and finished a little too early than too late.Originally posted by ImayBblack View PostComment
Comment