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re: New home owners

Posted on 10/25/17 at 8:53 pm to
Posted by Northwestern tiger
Long Island NY
Member since Oct 2005
23489 posts
Posted on 10/25/17 at 8:53 pm to
quote:

Dude - know what you want, your budget and the area


I relayed that to her:

-225K max
-no more than 8 miles form work (biking distance)
- Decent kitchen (future wife wants that)
- nice back yard for Bbq in summer.
-Decent neighborhood


Am i asking for too much?
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 10/25/17 at 8:55 pm to
What city?
Posted by Northwestern tiger
Long Island NY
Member since Oct 2005
23489 posts
Posted on 10/25/17 at 8:56 pm to
Minneapolis and/or Saint Paul
Posted by jdeval1
Member since Dec 2009
7525 posts
Posted on 10/25/17 at 8:56 pm to
quote:

225K max 
-no more than 8 miles form work (biking distance) 
- Decent kitchen (future wife wants that) 
- nice back yard for Bbq in summer. 
-Decent neighborhood 


Am i asking for too much? 

You couldn't get that in BR for 225k. I'm not sure about MN
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 10/25/17 at 8:57 pm to
I would think $225 would be pretty entry level there.
Posted by Northwestern tiger
Long Island NY
Member since Oct 2005
23489 posts
Posted on 10/25/17 at 9:02 pm to
I'm looking for small house for two people. 2-3 beds max. They have decent listing in that price range.
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 10/25/17 at 9:04 pm to
I did a quick check on Movoto (get the app if you don’t have it - much better than zillow) and it looks like $225 will get you in a decent townhome.
Posted by Northwestern tiger
Long Island NY
Member since Oct 2005
23489 posts
Posted on 10/25/17 at 9:06 pm to
quote:

Movoto


awesome

thanks

Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
66292 posts
Posted on 10/25/17 at 9:08 pm to
quote:

any advice regarding the visit and the realtor is appreciated
”any”?

Hmmmm....

Pics of your Realtor® would be helpful before going further.
Posted by pwejr88
Red Stick
Member since Apr 2007
36246 posts
Posted on 10/25/17 at 9:08 pm to
We just bought one.

It was the second one we saw and we saw three total. Made an offer 3 days after seeing it.

You’ll know when it’s the right one.

Don’t settle
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 10/25/17 at 9:10 pm to
Through two purchases...4 houses total. But we knew exactly what and where we wanted to buy.
Posted by TheDeathValley
New Orleans, LA
Member since Sep 2010
17253 posts
Posted on 10/25/17 at 9:10 pm to
Trip 1: 1 home
Trip 2: 1 home
Trip 3: 1 home
Trip 4: 3 homes bought the first one we saw that day
Posted by deeprig9
Unincorporated Ozora, Georgia
Member since Sep 2012
64678 posts
Posted on 10/25/17 at 9:12 pm to
quote:

She keeps sending me garbage listening (according to my perception of these listings) and I sent her 4 listing that i am interested in checking out. she said sure.



This is exactly why we fired our second realtor, and ended up making our purchase without a buyers agent.

Not something I recommend, by the way.... my circumstance was not normal, so it made sense for us.


Posted by Jester
Baton Rouge
Member since Feb 2006
34522 posts
Posted on 10/25/17 at 9:15 pm to
quote:

It crazy how fast houses are going off the market, sometimes within few days of being listed.


My wife and I made at or above list price offers on the first day listed on 2 separate houses, but were outbid both times. We finally paid full list on the third offer we made, also the first day listed. This wasn't on a very small budget either.
Posted by dualed
Member since Sep 2010
4721 posts
Posted on 10/25/17 at 9:16 pm to
Bought my first home in June of '16. Checked out about 7-8 in person. Pictures don't do anything justice. You're gonna wanna take your time and make sure a place is right for you.

Make sure to run the water to see how long it takes to get hot, flush toilets to make sure they're fine, flip light switches, turn on fans, the works.

I got way too excited and put an offer in on the first home I visited and ending up losing it to a higher bid. In hindsight I'm glad that I did because the house I'm in now is perfect for what the fiancée and I wanted.

Take your time man, if you have a realtor that's being pushy then either set them straight or find a new one.
Posted by deeprig9
Unincorporated Ozora, Georgia
Member since Sep 2012
64678 posts
Posted on 10/25/17 at 9:17 pm to
quote:

Minneapolis and/or Saint Paul



2-3 bedrooms do not exist in "good neighborhoods" there.

You want cheap affordable housing, but the other side of the coin is that cheap affordable housing is in neighborhoods that have cheap affordable housing.

And the school districts will reflect that as well.

You might be better off renting, but I don't know all about your individual situation.
Posted by MardiGrasCajun
Dirty Coast, MS
Member since Sep 2005
5424 posts
Posted on 10/25/17 at 9:18 pm to
quote:

How many houses did you visit before you purchased you current residence?


A lot....well above 50. The market is/was extremely hot in the DFW area. The house we bought was the 4th house we attempted to purchase. We actually went as high as $20k above asking on one of them. We had to offer above asking on every house to even have a chance. Open houses would have 25+ cars on the street full of folks to look at them. Days would go by before we'd find out if we had got the home or not, sometimes having to re-offer on the home. The realtors were driving up prices, too. I've owned many homes. This was by far the most difficult purchase because of the amount of buyers.

ETA: You and your wife will know when you find that perfect house. It may take looking at 3 or maybe 100. It is what it is. Take your time....you're buying your "home" not just a house.
This post was edited on 10/25/17 at 9:24 pm
Posted by BACONisMEATcandy
Member since Dec 2007
46645 posts
Posted on 10/25/17 at 9:24 pm to
We probably saw close to 40-45. Any house we were truly interested was under contract within 10 days. We Only put an offer on one house and got it. We were very lucky.


Posted by Furbs311
South Carolina
Member since Oct 2005
518 posts
Posted on 10/25/17 at 9:26 pm to
My advice is to keep an open mind. Don't write off a property just because it doesn't meet all your wants or needs a little work (especially something as easy as paint/flooring, etc). My wife and I went to an open house last summer and both walked out not liking the house at all. When the price dropped significantly a few months later we went back and walked around again..and bought it a few weeks later

Also, don't be afraid to think outside the box.. I've purchased two foreclosures and an estate sale. For the right deal you can build equity quickly. Your first house doesn't have to be your last house. Find a good deal in a good area, work on it a few years, sell and move on to something nicer if that's your ultimate goal.
Posted by MardiGrasCajun
Dirty Coast, MS
Member since Sep 2005
5424 posts
Posted on 10/25/17 at 9:26 pm to
quote:

Any house we were truly interested was under contract within 10 days.


10 days?? They didn't last 24 hours here. I sold my rental home in less than 24 hours. 16 showings and it went for $10k above asking.
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