How Did You Buy Your First Home Reddit

Have any helpful moving tips hacks.

How did you buy your first home reddit. We did our due diligence checked our credit got pre approved found a realtor. Buying your first home is considered one of the biggest milestones in life as well as finances. First home buyers expect to compromise on space and style but you don t have to. Depending on how long you plan to live in your home arm might be a good option. Yet that s not the only cash you ll have to come up with before you get the keys to your new place.

As you prepare here are the steps to follow as you purchase your first home. Even if home prices in your area are 100k that s still 3 000 in commissions and buyers agents don t frankly do that much work opinion. That means it s ok to use the current furniture you have. Your realtor stands to make 3 of any purchase. Whatever you do try to ensure that your payment is less than 20 of your net income and not just income after taxes but also after putting money away into your 401k ira etc.

I m trying to figure out what i want to do to increase my income but my ultimate goal is to be able to live passively and i think having rental properties is the way to do that. Did you all rush to move in or did you take your time. You may have credit card balances to pay off or a few missed student loan payments from a couple years ago. Here are some examples of best prospects. It s a big commitment and there s a good chance this will be the largest purchase you ve made to date.

Consider your mortgage options. After you buy your home don t feel compelled to set it up immediately. Regardless of home prices in your area you represent a prospective big ticket customer. If you feel strange asking for all this help don t. After a decade of apartment living my husband and i finally saved up enough money to buy our first home last year.

I m 24 and i take home 1500 post tax. If you can t get the payments that low then you need a cheaper house or a larger down payment. Why first home buyers don t need to compromise. You can have both in your new home even on a first home. We re still using a box mattress combo no frame or headboard.