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Post by deadphishbiscuits on Feb 12, 2020 9:30:31 GMT -7
Gah, why cant there just be a bounty of houses for rent with awesome land lords lol
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Post by deadphishbiscuits on Feb 12, 2020 9:46:31 GMT -7
Remember to set aside money for moving in costs. Incidentals like blinds, rugs, cleaning supplies, a lawn mower if you have a yard, utility deposits etc. it adds up and it’s stuff you don’t really think about. Have all your finances in order - no switching jobs, large purchases etc. get copies of w-2’s, bank statements together so you’re not overwhelmed and scrambling. Find a realtor you’re comfortable with and not one that just wants to make a sale. You don’t owe them anything and are free to use whoever you want. Also, feel free to shop around for financing but be careful with places running your credit. Those are hard hits on your report. Yeah the credit hits worry me frododoknobo it's pretty good I'd say hermositas def needs some help but I think I'll be just gettin the big loan to try and make it easier on us |
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Post by ancientchad on Feb 12, 2020 9:55:53 GMT -7
One thing I'm dealing with here in this condo building that I've never dealt with before is asbestos. This building was built in 65 and they used it EVERY WHERE. If you're looking at older places built before 80 or so keep that in mind.
Lots of long time owners here are dumping their units without mentioning it to new owners. New owners want to remodel and are told "sure, go for it. But first you have to do asbestos abatement." Costs them thousands.
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Post by frododoknobo on Feb 12, 2020 9:58:57 GMT -7
Remember to set aside money for moving in costs. Incidentals like blinds, rugs, cleaning supplies, a lawn mower if you have a yard, utility deposits etc. it adds up and it’s stuff you don’t really think about. Have all your finances in order - no switching jobs, large purchases etc. get copies of w-2’s, bank statements together so you’re not overwhelmed and scrambling. Find a realtor you’re comfortable with and not one that just wants to make a sale. You don’t owe them anything and are free to use whoever you want. Also, feel free to shop around for financing but be careful with places running your credit. Those are hard hits on your report. Yeah the credit hits worry me frododoknobo it's pretty good I'd say hermositas def needs some help but I think I'll be just gettin the big loan to try and make it easier on us Your credit is fine. I just sent you a text. |
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Post by hokiejoe on Feb 12, 2020 10:37:38 GMT -7
One thing I'm dealing with here in this condo building that I've never dealt with before is asbestos. This building was built in 65 and they used it EVERY WHERE. If you're looking at older places built before 80 or so keep that in mind. Lots of long time owners here are dumping their units without mentioning it to new owners. New owners want to remodel and are told "sure, go for it. But first you have to do asbestos abatement." Costs them thousands. I deal with that all the time at work. The older ceiling and floor tiles are all filled with asbestos. When you have to scrape the floor to remove the tiles is when you have problems and it all becomes airborne. We've had to tent areas and have negative air pressure to make sure the contamination stays contained to the tented area. It all sucks. |
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Post by deadphishbiscuits on Feb 12, 2020 11:11:52 GMT -7
Viejito , Jose
Yall wanna come up to NY in a couple months and look at houses with me ?
Lol
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Post by deadphishbiscuits on Feb 12, 2020 11:12:10 GMT -7
Pre foreclosure listings , what's the deal with them?
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Post by SolarGarlic 🧀 on Feb 12, 2020 11:13:16 GMT -7
One thing I'm dealing with here in this condo building that I've never dealt with before is asbestos. This building was built in 65 and they used it EVERY WHERE. If you're looking at older places built before 80 or so keep that in mind. Lots of long time owners here are dumping their units without mentioning it to new owners. New owners want to remodel and are told "sure, go for it. But first you have to do asbestos abatement." Costs them thousands. Don’t they have to in a sellers disclosure? |
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Post by hokiejoe on Feb 12, 2020 11:20:53 GMT -7
Lots of people don't have any idea they have asbestos in their homes. It's not really dangerous until it becomes friable or crumbly which allows small particles to become airborne. Lots of people will simply tile over existing asbestos tiles so they don't have to deal with it and it's not really an issue.
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Post by ferd on Feb 12, 2020 11:51:24 GMT -7
Pre foreclosure listings , what's the deal with them? -Tread cautiously. A lot of times you don't get to tour the house, no inspection, nothing. Unless you're super handy...you could end up with a money pit pretty easily. Imagine never getting to look inside the house and then finding out after you bought it that the pipes burst in the basement. |
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Post by chickenpoop on Feb 12, 2020 11:57:02 GMT -7
Pre foreclosure listings , what's the deal with them? -Tread cautiously. A lot of times you don't get to tour the house, no inspection, nothing. Unless you're super handy...you could end up with a money pit pretty easily. Imagine never getting to look inside the house and then finding out after you bought it that the pipes burst in the basement. Agree with what Ferd said! Sometimes people dump POS houses this way. Or gut them horribly. Our last house was pre foreclosure. We got 2 chances to look through it, & had to pay for our own inspection (but we were lucky to get to do that) and had to accept as is. That being said, we bought the house 30k under market value. But you can't get a traditional home loan for it so you need lots of cash handy, good credit or both. And closing on it took about 8 months. |
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Post by ferd on Feb 12, 2020 12:19:37 GMT -7
In NY, you'll pay for your own inspection every time. Expect closing to take 3 months minimum...another joy of NY.
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Post by ferd on Feb 12, 2020 12:21:29 GMT -7
If you have a handy friend, bring him on the inspection (not me...I'm not handy enough).
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Post by deadphishbiscuits on Feb 12, 2020 12:23:49 GMT -7
Got a couple I'm hoping will be able to come
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Post by EllisD on Feb 12, 2020 12:24:33 GMT -7
Congratulations
Unless your rich and find your dream home first try, consider your first home as a stepping stone. Use this first house to build equity and then use that to purchase a home you couldn't afford before.
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Post by deadphishbiscuits on Feb 12, 2020 12:41:55 GMT -7
Doubt I'll find the house of my dreams
Whore houses ain't what they used to be
High oh!
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Post by GBK2point0 on Feb 12, 2020 13:22:17 GMT -7
I dont have time to read through all this but the best advice I can give is make sure your inspector does a moisture test around all the windows. The LAST thing you want is leaks!
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Post by waldowally on Feb 12, 2020 15:01:42 GMT -7
trust your realtor. get a new one if they arent listening to you. we bought a house 5 years old to avoid big maint. get the roof checked by a roofer and ask for 5 year garantee
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Post by waldowally on Feb 12, 2020 15:07:08 GMT -7
depending on credit may be wise to use some of the down payment to pay down cc's to ensure over 730 for prime interest rate.
make sure you can get internetz (ferd)
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Post by deadphishbiscuits on Feb 12, 2020 16:23:17 GMT -7
Dont really have any cc debt pay that shot on the reg
As mentioned I hate feeling I owe people
Last I check I was in the mid to upper 700's for credit score
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