Buying A Home
afoxinautumn
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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.
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Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Dealing with nerves during home buying process!
Hi everyone,
All things considered, I think my husband and I are going through a relatively normal home purchasing process right now. However, I feel like the lack of professionalism displayed by almost everyone we have worked with so far (realtors, mortgage brokers, attorneys, etc.) has left me feeling very discouraged and a bit nervous about the whole thing. The only people who have really made me feel at ease at all are our home inspector and our attorney's paralegal!
We are just about to start inspections and I guess I am getting "cold feet" despite the sellers being amenable and things generally moving forward normally. This is just the most money we have ever spent on anything and I expected the "professionals" involved to be well...more professional!
Did anyone else feel this way during the home buying process? How did you keep moving forward without letting your nerves get to you!?
All things considered, I think my husband and I are going through a relatively normal home purchasing process right now. However, I feel like the lack of professionalism displayed by almost everyone we have worked with so far (realtors, mortgage brokers, attorneys, etc.) has left me feeling very discouraged and a bit nervous about the whole thing. The only people who have really made me feel at ease at all are our home inspector and our attorney's paralegal!
We are just about to start inspections and I guess I am getting "cold feet" despite the sellers being amenable and things generally moving forward normally. This is just the most money we have ever spent on anything and I expected the "professionals" involved to be well...more professional!
Did anyone else feel this way during the home buying process? How did you keep moving forward without letting your nerves get to you!?
Re: Dealing with nerves during home buying process!
What it all comes down to is that all of these people seem too busy to focus on us and let us know that our deal is important to them. Maybe I am being idealistic, but I really expected more out of this process! The only thing that makes me feel a bit less crazy is that I have a friend in the state over who is having a similar negative experience and just lost a house she really wanted because of it...so something seems off here!
Glad you are having a much better experience!!
The only thing that is a little frustrating for me is that we don't really have anyone "holding our hands" through the process. We are working with Redfin for our realtor and they are pretty laid back and haven't really been reminding us about when we need to get stuff done by. For example, we need to have our financing approved by 4/30..you know a WEEK from now and we've had no reminders that we need to get this done by them or our attorney. They have a checklist on their website for our specific needs but it would be nice to have a little bit more help. Luckily, we've been able to stay on top of everything.
Good luck with the rest of your home buying process!
I think some of our experiences sound similar to yours. It's not that I necessarily expect someone to do all the work for me or hold our hands each step of the way (since we do plenty of our own research), but there is a whole lot that I think we should be well-informed of that realtors, brokers, etc. do not seem to find important.
Guess we have to keep looking our for ourselves!!
It is nerve-wracking, even when things go well. I should have bought a house years ago, but was just too scared.
The best advice I can give, which it sounds like you are doing, is to educate yourself about the process as much as possible. I was also an HGTV Property Virgins fanatic while I was looking, lol. Not really saying the show gives useful info, but it was helpful to see some of the barriers other people were running into.
I also used to picture myself at the closing table, signing my documents. That was my way to focus on the future goal when getting to that goal had a lot of hurdles. It was my personal reminder that one day all the frustration would be worth it and I would have my own home.
Now I picture the gorgeous deck coming off my back bedroom that will someday...SOMEDAY...be there, lol.
Just curious...what was the 3k mistake? I'd like to know what to look out for!
@SmrBrd2012 - I'm assuming you're buying in the U.S. and you'll get a HUD -1 statement, otherwise it might not apply....when we got our HUD-1 statement (which is the form that shows all amounts due to and from the seller and buyer at closing) it showed that the sellers were giving us a $3k credit towards closing costs. In reality our sellers were only supposed to be giving us a $500 credit. The banks had confused our closing statement with my FI's sale of his house happening at the same time where he gave HIS buyer a $3k credit.
If we had trusted the bottom line number on the HUD statement we would have shown up to our closing $2500 short of what we really owed the sellers and the closing would have been postponed, which would have left us homeless for the night because we closed on the sale of my FI's house earlier in the day.
The fact that we were buying and selling the same day made it worse, but regardless, when you finally get your closing statement, which usually only comes a day or two before closing, go through it closely and make sure all the numbers match with what is in your mortgage paperwork and purchase and sales agreement.