this post was submitted on 06 Jul 2023
4 points (100.0% liked)

Chat

7499 readers
38 users here now

Relaxed section for discussion and debate that doesn't fit anywhere else. Whether it's advice, how your week is going, a link that's at the back of your mind, or something like that, it can likely go here.

Subcommunities on Beehaw:

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago
MODERATORS
[email protected]
[email protected]
4
Can someone help me with the home-buying process? (beehaw.org)
submitted 1 year ago by [email protected] to c/[email protected]
9 comments fedilink hide all child comments
 

So my lease for my apartment is up toward the end of this year, and now that I can work remote, I'm thinking of moving somewhere less expensive and finally buying a home. Can anyone with experience give me advice on the process or resources I can use? Not only am I a total noob, but I don't talk to my family and my friends aren't homeowners either, so I'm not sure where to start. Googling presents me with so much info that I'm a bit overwhelmed.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

I started by talking to my bank (a credit union) to get pre-qualified. I recommend it as a first step. They will tell you how much you are qualified to borrow, which is not necessarily what you can afford or would be comfortable with. Keep in mind insurance and taxes will be needed along with the monthly mortgage payment. My credit union had a first time homebuyers program which was a huge help. I can share more details about that if you're interested. Plenty of old timer agents will jump at the opportunity to take advantage of a first time homebuyer.

Once you are pre qualified, find a real estate agent. They will help you with the rest. Do your research and be skeptical of the big local firms. I found an agent who worked in my town occasionally, but wasn't part of the local political circlejerk (it's small city in the south but I'm sure this is an issue everywhere).