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Looking to buy first home, need tips/pointers, please?
I'm looking to purchase my first home. Rented in the past, and think I'm ready to start finding my own place. However, I am only 23 and this would be my first time doing such a thing. No family I can rely on for help, so am asking the general public here.
I know, for starters, that I don't want too much of a fixer-upper. I know I should start looking at real estate listings, and should probably check my credit score. I also know that I should probably hire an inspector to check out the place before buying and get an estimate...and I also know a little bit about getting a deposit to lower my mortgage, and getting my mortgage loan approved before deciding to buy for sure.
But...I don't really know much beyond that, or in detail. The "summing up" equals the "what I know".
If someone could tell me a short "how-to-get-started" and the process it takes...or tips, or things "I wish I'd known when..."...I would greatly appreciate it, thanks!
2 Answers
- Anonymous1 decade ago
Don't worry about what the house looks like, buy the location and the neighborhood and the neighbors.
Before you make an offer, take a day off work and haunt the place. Look at the kids going to school, nearby traffic patterns, who's home during the day, who's sleeping in the alley, who's hanging out at the neighborhood store.
Walk around, say hello to people.
I almost made an offer, but a neighborhood teenager not only didn't say hello back, he actually sneered at me. Dont' want to live there.
Told a coworker what I did and was asked, "What would you do if someone called the cops?" My answer, "I would put in the offer, I like those kind of neighbors."
- ~*Mama-of-Two*~Lv 61 decade ago
Sounds like you are on the right track. You need to go to a bank or mortgage office to get pre-approved. That way you will know if your credit is high enough. Then you can start to work with a realtor. Make a budget of all of your monthly expenses to be sure you can afford a new house. The whole process could take a year or so. Good luck!
