Got it

cecil30-30

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Dec 5, 2006
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31,584
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Morgan Co
Well me and my wife got the call today that we are pre approved for a home loan and we was given the go ahead to start looking for a house.Feels good to be pre approved for the money.Gonna call a few realators in the morning and see what they have.We've been keeping at eye on the internet,but nothing has really caught our eye.I hope they have some homes thats not listed on the internet..Any advice or tips?
 

Vermin93

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Dec 11, 2010
Messages
10,645
Location
Dallas, TX & Signal Mtn, TN
Yes, don't rush it. When you think you've found the home you want, sleep on it. Don't buy something that you might have a hard time selling in the future and don't buy something that requires a lot of work unless you have the time and/or money to get the work done. Look at the big picture and consider the total cost of ownership of that home. There is a lot more money that goes into owning a home besides the monthly mortgage payment. There's utility bills, maintenance, furnishings, landscaping, property tax, etc. A lot of people have bought a home they could just barely afford and then they had very little money left over each month for the other parts of their life.

Also - consider commute distance and costs. The farther you live from work/school, the more money you will spend on gas and the more time you will spend in the car. Consider the location of the home as much as the home itself.

Congrats and good luck!
 

waynesworld

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May 13, 2012
Messages
3,177
Location
Shelbyville, Tennessee
Before you contact a group of real estate agents sit down with your wife and talk about what you want. Start with what must be in the house ie bath room garage acreage and what not. Make sure you agree if you want to be part of a HOA. Then you may consider if you know an agent to ask them to help you look. The houses get put on the mls and all the agents can show them. Most of the time it doesn't matter who the agent is unless they are a friend or real ethical person who will work for you. Do not be afraid to wait but if you find a house that just got on the market and is right put an offer on it. You do not have to offer the starting price as most people list high. The problem is some good houses move fast so you may lose a house or two trying to negotiate with them to get a steal of a deal.
 

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