Buying A Home
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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Trying not to hyperventilate..
We're about to start the process of buying our first house!!
Such a scary but exciting experience that we can't wait to begin. Any advice as we begin the process??
TEST
Re: Trying not to hyperventilate..
Keep alcohol handy.
Remember that nothing is guaranteed until the keys are in your hand.
Ignore everything you've seen on HGTV.
http://pandce.proboards.com/index.cgi#general
This is a fact. Until the keys are in your hand and you have gone through closing nothing is a done deal. We had a buyer back out 10 days before closing after the inspections and appraisal were done. We also had to back out of buying 2 weeks before we were supposed to close on a house due to the appraisal coming back as below average condition house. You can't get a conventional loan for a house in below average conditiion as it turns out! It is stressful but worth it in the end.
The 2 bolded statements are key, good call srs5624! lol
I even noticed a significant difference in house prep (from a selling standpoint) from what i've read on here. It really does differ by market how much you have to declutter and depersonalize.
Also, dont over-buy. Really calculate out what you want to spend ahead of time.
You need to have patience and realize that you won't get everything you want. Buying your first home is very exciting, but it can also be deflating when you see how far your money does not go. Just keep in mind that cosmetics can always be changed over time, but you can never change the location, layout and size. This is a long term commitment and the house you buy needs to accomodate changes in your lifestyle, good and bad. You want a place that you can still afford if one of you loses your job, but you also want a home that you won't outgrow in 5 years. The most important thing to remember, is that this is going to be your home and it's your money, so you need to be on top of things 100% of the time. Listen to the advice the professionals give you, but be informed enough to rely on your own judgement and be your own advocate.
You have plenty of time to hyperventilate. If you're just starting, that's the fun part! Wait until you put an offer in, sign a contract and spend time following up on EVERYTHING and making sure you close on time. THEN you can hyperventilate.
Seriously, the house shopping part is the most fun! Enjoy and best wishes!