Buying a Home is a Headache

[mrfortune]

wait a year till more people lose their homes, will be a buyers market. depending where you looking. i leaving cali and headed to the dmv area. 6 bedroom 3 bath for same price as a condo in cali

 

[MikelArteta]

Me sorry babe. Where you at?

toronto

I wish you success on being a new home owner though

 

[UberEatsDriver]

First off....I don’t even like the way most new homes in my budget look.

My budget for a house is $300000. I’ll have about $60k to put down and I qualify for a first time homeowner program and down payment assistance programs as well.

But my major issue is paying a bunch of money for a barn looking house made from cheap siding, that is two feet away from your neighbors house, no backyard space, acreage....

Also the house plans. I grew up in a brick ranch home. 3 bedroom/2 baths, den, living room, dining room, kitchen with breakfast area.

But now because everybody thinks “OPEN FLOOR PLAN” is the coming messiah, the houses somehow have more space but less room.

So I no longer get a separate eat in kitchen, and a dining room. No longer have a living room/parlor AND a den. Just one big ole mashed together area.

And the BEDROOM SPACE! How can the house I grew up in be 1700 square feet and have bedrooms large enough to accommodate a full bedroom set...but a big ass 2200 square foot house got rooms the size of matchboxes.

I have full wood furniture. You know. Real shyt. Not particle board bullshyt you pay $2000 for these days. Bedroom sets passed down from my grandparents from 1800s.

But these new ass houses ain’t even got bedrooms big enough to accommodate a full/Queen size bed, nightstand, armoire, and dresser.

So I feel like I’m paying more for less even though it’s a newer home.
Is it just better to build? Am I trippin? I swear older homes are better than some of the new shyt I see on the market now.

You in North Carolina right?

 

[UberEatsDriver]

I don’t understand why builders are building small rooms now either. Their has to be logic to it.

 

[JordanwiththeWiz]

I just closed on a house back in July in NC. The thing I learned was it’s a seller’s market all the best looking houses had offers on the first day on market so you had to act fast. The houses that sat nobody wanted because they were fixer uppers. But even those sold after a while. New construction is mostly cookie cutter homes with cheap material. If you want a new construction home made with good materials in a good area you looking atleast 600k minimum right now. The house I brought had multiple offers on the first day I give him a godfather offer and said I give you 10k more than the listing price but you gonna have to pay for all the closing fees. Called the bank increased my home loan by 10k more. We agreed the next day.

 

[⠝⠕⠏⠑]

If I had to guess, I’d say older home are built waaaay better...they’re built to last. I love older homes; they have a certain character the newer ones lack, I think. They just look better, too. Whenever I start looking around for homes, for fun, I’m always looking at the older ones. When I see those high prices, I just figure the realtor or whoever sets the asking price recognizes this as well.

Girl I saw this BEAUTIFUL home online. Looked up the address, took a homie and my realtor with me to look at it. Girl there was a Trump flag flying in the yard of two homes on the way in.

NOPE! The last thing I need is racist rednecks for neighbors.

 

[JT-Money]

I spoke to a realtor who said now is the perfect time to buy. I laughed in her face because the prices have increased double digits this year. Why wouldn't I just wait things out for the eventual collapse.

 

[DonRe]

Injust got pre-approved 775k. Havent started looking yet. But in already dreading it. I see what friends and family friends are going through from buying homes and getting outbid by double to owning co-ops and raising the maintenance fees 300-400 for bs upgrades.


They says its the American dream to buy a house but its bs in a sense. For the sheer fact that property taxes will still be leering over you once the house is paid off.

 

[⠝⠕⠏⠑]

I don’t understand why builders are building small rooms now either. Their has to be logic to it.

It’s ridiculous. And irritating as hell! Lol I’m not trying to be sittin up in my room in a matchbox.

 

[ThaBronxBully]

60k is not worth it or needed....interesting rates are super low.

Do a conventional with 5% down and prepay the PMI.... but it really depends on what monthly payment you can afford.

5%?

Are You Thinking Like Someone Who Believes Hell Never Pay His Mortgage Off?

Paying PMI Is Flushing Money Down The Toilet

How You Gonna Pay Ya Mortgage Off When 90% Of Your Payments Are Going To PMI And Interest ? lol

 

[shutterguy]

Choose your own adventure.

 

[⠝⠕⠏⠑]

@Booksnrain Yeah, it can be a pain in the ass, but it's certainly worth the small trouble. Owning a home and/or property is rewarding. So is upgrading homes. I also think that house hunting is fun. I'll even browser Realtor.c0m and LandWatch.c0m for fun on occasion. If you have a good realtor, the paperwork and process shouldn't be bad at all. In fact, it should be a great experience.


Good luck, sister. And when you do close on that home, CONGRATULATIONS!

Thanks babe! Such positivity. Last thing ya need during this process is bitterness!
Also you guys are some real ones for the great advice!

That car thread was A+ too! Ended up getting a great deal on that 2021 Mazda

 

[UberEatsDriver]

Plenty of nikkas have died while reaching for they shyt
stay vigilant at all times

When buying a home, DO NOT SETTLE for anything less than what you want. Consider a different side of town or a different suburb, houses are often built in a certain style similar to houses around it, so you might see different styles if you check a different area.

Buying new is great, just try to make sure they didn't take any shortcuts with the house.

My parents bought a new house in '06 and luckily my dad noticed one area where they had cut corners, something about the dryer vent leading to nowhere

That’s cool and all but I have thin patience for driving in traffic and driving long hours to work.

 

[UberEatsDriver]

In this kind of market sellers will laugh you out the door coming in with NACA

you need all the patience in the world to work with NACA

 

[UberEatsDriver]

Sis you bout to give me a rash!!!! 400k?!

500k?!

But ya’ll probably make more so it probably evens out...

But still $500k

Yea please don’t look at the housing market in the northeast, south Florida or Cali cause you will get emergency rash.