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Buying a Home

May 26, 2005

Couple Standing in Front of Their New HouseTips to consider when buying a home. Post your ideas.

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Silver Post Medal for All Time! 263 Posts
June 30, 2008

With the bad U.S. economy, more houses are now for sale. If shopping for a home, if it was pre-owned, inquire about the sewer, plumbing and if it has a septic tank. Have the seller get the septic tank pumped out before you purchase the property.

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July 1, 2014

I purchased a small house in a blue collar neighborhood. The owners had decided to retire about 3 hours away and kept lowering the price until I was able to pay cash.

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Shelly Lambert
April 23, 2005

Buying a home is a great American dream. However, too often first time home buyers (second timers too) save and pay for the purchase, but don't really plan for the ownership.

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Silver Post Medal for All Time! 263 Posts
January 19, 2009

Before buying a new house in a new area, first rent a home for a few months in the vicinity you're planning on living. Allow yourself a period of time to see how the area is for you.

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See what's around the neighborhood if it really is the area for you and your family.

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November 8, 2006

When House Hunting, Buyer Beware! My tightwad living tip of the day is when buying a home, any kind of home, it is buyer beware time. If you aren't handy, don't buy a fixer upper, buy a home that is livable, but within your very tight budget.

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July 23, 2011

My DH and I are considering buying our first home. We are looking at an "as is" home and are wondering what all we need to consider before calling the agent, including questions to ask about the house and loans, etc. I have plans to call our insurance company within the next couple days to find out those costs as well. Thanks in advance for the advice.

By Jessie from KY

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July 24, 20110 found this helpful

A home inspector could tell you the condition of the home, a bank could answer your questions on loans, a visit to a realtor could also answer or give suggestions and lastly there may be some books on home buying at your local library or book store you could read through.

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Bronze Feedback Medal for All Time! 186 Feedbacks
July 24, 20110 found this helpful

Some communities also offer workshops for first time home buyers. You have to have a home inspector examine a home after your offer is accepted. If the inspector finds a lot of expensive repairs that would have to be made to make the home safe, you have to decide if you can afford to have the work done. A lot of repairs have to be done according to code rules and therefore can't be done by a DIY handiman.

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I have never heard of a home inspection being done before and offer is made on the house and accepted. After the inspection is made and the house is found to need a lot of repairs that you can't afford, you do have the right to walk away.

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July 24, 20110 found this helpful

Here is a Florida perspective:
Does the house have east/west exposure? If so, expect your front door to bake or your backyard to sizzle depending upon the time of day. North/south exposure is better in a hot climate. Is there any wood on your dwelling? Virtually all older frame homes have had some degree of termite damage and wood rot- which must be repaired quickly. These issues are a given in our humid climate. If you purchase a wood house you must keep up with termite inspections and periodically replace doors and boards that have softened.

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Split plans are best if you want quiet in your master bedroom and you have kids. Don't get a home with a pool unless you are prepared to keep up with its care and are willing to be vigilant 24/7 that no neighborhood children get to it and drown. Check to see if window screens can be easily taken off and on for cleaning. I bought a house that even a handyman had trouble removing my screens. Just a few thoughts.

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July 24, 20110 found this helpful

I forgot: Find out where your water pipes are. Did some fool plant an oak tree where the roots would eventually get into your pipes? It will cost six to seven thousand dollars to remove a large oak tree and re-lay your water pipes.

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There is a neighborhood near me in which every yard had an oak tree planted directly above the water pipes. Landscapers don't check for such things before they put a tree in the ground.

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July 24, 20110 found this helpful

FYI to redhatterb: in many communities, the buyer can waive a home inspection. They aren't necessarily required. To the original question, I notice that you are from Kentucky, and you stated that you are considering an "as is" home. That means that you would be willing to buy the house regardless of its condition. Depending on the laws in Kentucky, the seller may not even be responsible for repairs to bring the house up to code.

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I would advise that you stay away from "as is" as a first time buyer because this could affect your ability to get a mortgage. Talk to a real estate agent first. They should be able to answer all of your questions.

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February 15, 2005

Things to consider when looking for a new home. Post your ideas.

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May 12, 2012

We just sold our family business and home, which we ran for 17 years. Due to the economy, we only ended up with $16,000 profit from the sale. Now we need to move out by June 1st and find a home to live in. Any advice on what we could find? We also have one child and two cats. We had to declare bankruptcy and can't seem to get a loan anywhere until maybe in January.

I am looking for jobs in my field (teaching) so I can finally realize my dream, but most teaching jobs don't start until mid-August. Hubby has a part-time job which doesn't go in the summer. So all we have to live on in the summer is un-employment from a part-time job. I'm so stressed out and and can't take this anymore.

By Sandee

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January 22, 2009

How do you find real homes? All I get is the various foreclosure rip off sites.

Jerilyn from South Bend, IN

Answers


Bronze Request Medal for All Time! 66 Requests
January 22, 20090 found this helpful

Put the name of any major real estate company in your area in your google. Most share listings(MLS).

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Bronze Feedback Medal for All Time! 239 Feedbacks
January 22, 20090 found this helpful

You can go to forsalebyowner.com. Also rmls.com and search by area.

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January 23, 20090 found this helpful

Go to www.realtor.com. You can search for any area by putting in the zip code. Good luck.

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Bronze Feedback Medal for All Time! 102 Feedbacks
January 23, 20090 found this helpful

I bought a bank foreclosed home a few years ago. I asked my friends if any of them knew a real estate agent. One of my friends works in a restaurant and has a regular who is an agent. She gave him my name and he found me a few houses. Try asking friends.

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January 24, 20090 found this helpful

Where R - U trying to move to ? I use to live in S.B. In. for years.

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September 9, 2018

We bought our house 10 months ago and are starting to find some major issues. The sellers said they installed new roof 10 years ago. We had a guy take a look with someone who does roofing for a living and they said that roof was done at least 20 years ago, and it was just a cover up-there's still cedar tiles plus an old roof on top of that, with another lay on top of that.

We had boxes in the master bedroom, it's a very large room. We slept on one side and used the other side as storage. This summer we finally got to getting these boxes out and organized when we noticed the ceiling was wet and cracking towards the edge of the walls. Figures.

I'm trying to find out more about home purchasing and how much of a time limit do we have to be protected from stuff like this. Our realtor was no help, saying there's nothing we can do. So I'm trying to find out if there's any help and relief we can get. We live in Monroe County NY. Thank you for any leads you can provide.

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September 24, 2015

I need advice about what to do. I'm 49yrs. old, have multiple sclerosis and am recently divorced. My ex of 30 years burned me really badly in the divorce (a $250,000 home on 4 acres of land). I didn't have a lawyer.


I ended up getting very little in the divorce. I am living on Social Security. I thought buying a trailer would be better than having to live with the state having to pay my bills for the rest of my life. I had $10,000 to put down on it, I knew I could have bought a better place but, I left my home running. I am on a fixed income.

They have increased my payments 3 times in the first 3 months. Blaming it on many different things. I did not know until after I signed to buy it, that they had done the whole bait and switch on the papers. There is so much, they have done that I know is not legal! I did talk to a community lawyer, a year ago, but he never has done anything. The home, is a danger to me, making the MS much worse. I have no money to take care of myself at all and no one cares! I have called everyone, no one cares to help. I do not qualify for anything, which stocks me. Please, who can I call who could help me? I am losing my body going through all of this.
Thank you, for any advice!

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March 29, 2015

How can you buy a home with nothing down?

By Blanche

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August 7, 2018

Getting a house inspected properly before purchasing is an important step to take for first time home buyers. This is a page about home inspection for first time or new home buyers.

Home inspector with a clipboard.

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