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Message
re: Closing on home this Friday
Posted on 2/16/22 at 2:21 pm to Chasin The Tiger
Posted on 2/16/22 at 2:21 pm to Chasin The Tiger
quote:
mean yeah, they are doing this so you use them when you buy/sell again down the road. 2-3% commission on a $500k+ house is pretty good for the small amount of work that a realtor does.
My post was not about the realtors. Yeah, they make a nice chunk of money on the sale of a house, and in today's market of low interest rates, buyers are moving quickly on getting into properties.
I was referring to the title company people who make it all possible as explained in my 2nd post.
0
Posted on 2/16/22 at 3:09 pm to LSU-MNCBABY
quote:
Enjoy the day, don’t get overwhelmed with every little thing that you think you want to change.
Great advice. We just bought last month, and the only reason I'm not doing this is because I have big things I have to change/fix.
Posted on 2/16/22 at 3:35 pm to Bayou_Tiger_225
Make sure you hit the ground running with a budget. Chances are that this will not be your forever home, so it is important to plan ahead and grow your equity, reduce the interest you pay on the mortgage, tackle high interest debt. I am sure your lender went over all of these things with you, but if not, I'm happy to help. 2254144034 Traci
Posted on 2/16/22 at 10:12 pm to rockyvol
This won't be my forever home, but it's a home I can easily spend 20 years in and unless I the wife and I pump out four kids we would never out grow it.
My lender went over all of it with me, but it more or less just a formality discussion.
Going into the home purchase I have zero debt, and a decent bit in assets for being mid 20's(got lucky with crypto and some other investment I made in my teens(Netflix, ISRG, etc)
I'm a CPA with a degree in financial economics who works in advisory and day trade on the side as a hobby, so I'm pretty good with the whole maintaining a budget and growing wealth side of things. Fiscal responsibility would one of my strong suits, and it's allowed me to get a solid mortgage with a very manageable monthly payment. My total debt to income percentage is around 22%, and that includes the house.
This was just more of a "advice from someone whose owned a couple houses and know
My lender went over all of it with me, but it more or less just a formality discussion.
Going into the home purchase I have zero debt, and a decent bit in assets for being mid 20's(got lucky with crypto and some other investment I made in my teens(Netflix, ISRG, etc)
I'm a CPA with a degree in financial economics who works in advisory and day trade on the side as a hobby, so I'm pretty good with the whole maintaining a budget and growing wealth side of things. Fiscal responsibility would one of my strong suits, and it's allowed me to get a solid mortgage with a very manageable monthly payment. My total debt to income percentage is around 22%, and that includes the house.
This was just more of a "advice from someone whose owned a couple houses and know
Posted on 2/17/22 at 12:15 pm to Bayou_Tiger_225
Once you are in the house, make a list. Go to each room and write what you want to change. Same for outside. Once you do that item scratch it off but always keep your list. I had mine on the refrigerator until I checked them all off. It takes time, but it is a fun process. I also put a proposed budget on the big ticket items (stove, cabinets,etc)
Posted on 2/17/22 at 1:09 pm to rockyvol
quote:
rockyvol
LSU Fan
Gonzales
Member since Mar 2014
4 posts
dang OP! you pulled a 3-posts-over-the-past-decade user into your thread including their phone number.
IMPRESSIVE
Posted on 2/18/22 at 10:22 am to Bayou_Tiger_225
quote:
Any advice for a first time home owner?
Lay a lot of pipe in the house.
Posted on 2/19/22 at 9:26 am to Arkapigdiesel
Give it at least a year before you mess with changes in the kitchen.
Posted on 2/20/22 at 7:44 pm to Bayou_Tiger_225
1) Have the locks rekeyed, had 3 doors 6 locks rekeyed to same key less than 100.00 and he was in and out less than an hr.
2)Take pictures of everything esp. appliances showing model and serial numbers. Also if house burns down easier to prove contents. Keep this handy.
3) If possible know what your paint colors are.
4) Any touch ups should be done prior to moving in, so much easier.
5) If your house is in a neighborhood, make a point to introduce yourself. They may have valuable information on who to call for what.
6) Keep track of improvements, you may can write them off.
7) Congratulations and good luck.
2)Take pictures of everything esp. appliances showing model and serial numbers. Also if house burns down easier to prove contents. Keep this handy.
3) If possible know what your paint colors are.
4) Any touch ups should be done prior to moving in, so much easier.
5) If your house is in a neighborhood, make a point to introduce yourself. They may have valuable information on who to call for what.
6) Keep track of improvements, you may can write them off.
7) Congratulations and good luck.
Posted on 2/21/22 at 4:32 am to nukedtbone
quote:
Keep track of improvements, you may can write them off.
From what I understand, this only applies to dwellings that you are not living in. Basically, a rental/investment property.
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