Buying a house, what the hell am I thinking?
I have decided to buy a house. What an undertaking this has been so far, and we are only up to the point of making our first offer! But it is quite exciting, and scary at the same time. We are learning so much about the house buying process, and I hope to write about some of it over the next little while.
The number one thing we have learned over this experience so far is that your credit is SO important. Please, if you do anything right in your life, take care of your credit. Do not brush it off, do not think you can fix it later. Make all your payments, or don’t use credit. It’s that simple. It’s amazing what a missed or late payment will do to you later on.
One more tip if you think you may be buying a house in the near future. Get your credit report done now so you have a chance to fix anything that may be wrong. If I had done that, I would of found out that a payed off and closed account from 2003 had not been reported properly which was bringing my score down. I am getting it cleared up now, but it would have been better if I had done so before trying to get pre-approved.
Anyway, I will be writing about the experience as we go, and letting you all know everything I learn. It should be a fun ride.
Are you Foxy? Subscribe to our Newsfeed!
Hi,
Congratulations on your new home! There are so many things to do and think about right now, but once those are done, it gets easier. I know what that’s like, but don’t know that much about a business on the internet, but suppose it has the same learning curve…takes a lot to get set up, but then gets easier. Like they say, one step at a time, break it down into managable duties and it’ll work.
Comment by Nancy — March 7, 2008 @ 3:16 pm
Well, our first offer was accepted! Now comes the flurry of getting stuff done in the next 5 days. I had no idea it would get accepted so fast, and I am not fully prepared yet. I thought I had more time, but it’s a great house at a great price so we can’t mess it up. Anyway, I will be documenting this whole adventure as I go along. And any tips or advice would be great(hint, hint)!
Comment by Jason — March 7, 2008 @ 3:45 pm
Congrats on buying your first house. The best thing is that you’re no longer ‘wasting’ money on rent, instead you’re investing in your house
You’re really lucky to get your first offer accepted, that’s quite rare.
Comment by NineThreeNine — March 8, 2008 @ 9:17 am
Buying a house is a great accomplishment! Seems like a good time to buy, I don’t think real estate will drop much more, and rates are low!
Comment by Living Infinitely — March 8, 2008 @ 3:58 pm
You should always watch for your credit or you wll be burried in debt. Budgeting is the best thing to get out of debt.
Comment by paulette — March 9, 2008 @ 6:34 am
I think this problem is not only while buying a house. Rather we come across new experiences every time we perform a new job. Anyways good wishes for your new house.
Comment by Chris Stormer — March 9, 2008 @ 8:57 am
I also had difficulties as I was buying my own house
I thought that was an exception …
Comment by fizetés és állás — March 10, 2008 @ 5:55 am
you are thinking u want to invest your money wisely and live in a nice dwelling. smart move, IMO
Comment by adoptive parents — March 10, 2008 @ 6:26 pm
Congrats on the house! It really is a lot of work as I recently discovered. It’s also really exciting!
Comment by Aimee — March 11, 2008 @ 2:11 am
congrat dude, the biggest decision after married is buying a house, it is like you will build your own history from now on… but is it really costly?
Comment by reviewlutions — March 15, 2008 @ 1:27 pm
gratz for the house though
:S
Comment by job — March 17, 2008 @ 5:00 am