Buying a house is stressful

Goldie · 12-08-2010, 07:39 PM

The wife and I submitted an offer on a house this evening. This is potentially the most stressful thing we have ever done.

Just excited and nervous and stressed all at the same time.

Fingers crossed.

Eleven · 12-08-2010, 07:45 PM

Good Luck! (especially here in Ohio!)

RevSmoke · 12-08-2010, 07:49 PM

God's blessings on you and your wife, and may your offer be accepted.

Peace of the Lord be with you.

E.J. · 12-08-2010, 08:05 PM

I'll cross my fingers for you and hope the offer is accepted!

kelmac07 · 12-08-2010, 08:53 PM

Best of luck Drew...best investment you will ever make (besides the wife).

Ratters · 12-08-2010, 08:56 PM

Good luck, bought mine last year.

Out here, all the homes were either forclosures or short sales. Mine was a short sale. Going through the financing part I was getting really stressed out. My finance guy put it in perspective, I was getting a home for a great price, the people I was buying from were losing there home. The real stress was on them. Just keep your eye on the prize, it will all work out.

BTW, talk to a couple people about financing, rates and fees do vary.

forgop · 12-08-2010, 09:22 PM

Quote:

Originally Posted by Ratters

Good luck, bought mine last year.

Out here, all the homes were either forclosures or short sales. Mine was a short sale. Going through the financing part I was getting really stressed out. My finance guy put it in perspective, I was getting a home for a great price, the people I was buying from were losing there home. The real stress was on them. Just keep your eye on the prize, it will all work out.

BTW, talk to a couple people about financing, rates and fees do vary.

I looked at a couple of short sales, but you can go through a long, drawn out process on a short sale because a lot of times they can get caught up in the bureaucracy of getting it "approved" in a timely fashion.

In my case, I didn't see anything in the foreclosure ranks or short sale that ever compared to the house we bought. The seller's came down $106k off their original list price in 2008 to what we paid for it a year and a half later. My realtor was amazed at the price we bought it for as he got a doctor a house just before the bubble burst that paid $100k more and still didn't have as nice of a house.

elderboy02 · 12-08-2010, 09:03 PM

Good luck Drew!

forgop · 12-08-2010, 09:15 PM

I hear ya....bought a new house and closed on it March 15th...finally closed on our old house November 4th. And the new house has been a wreck ever since amidst all the new floor installation and shower remodel.

CigarNut · 12-08-2010, 09:25 PM

Good luck!

Goldie · 12-08-2010, 10:53 PM

Thanks guys I appreciate the good luck wishes. This is a foreclosure that needs some rehab so we are applying for a HomePath rehab loan. The house is around 90 years old, so some fixing up is understandable.

I guess now we just play the waiting game and see what happens.

Goldie · 12-08-2010, 11:21 PM

Here's a picture just for the hell of it

forgop · 12-09-2010, 04:51 AM

While I ended up with a big house in the suburbs, I really like these older homes as well. The downside is you usually have to be much more central to the city and houses like these aren't available in parts of town I'd want to live in. Another downside is they often lack much in the way of much yard to go with it.

Good luck...once you get over the acceptance/closing, then you get the joys of moving and fixing it up. You'll then think this was the easy part.

Lucky_Hippo · 12-09-2010, 06:59 AM

They're all fixer ups Drew, belive me. For some reason my wife's "Honey Do List" is just as long for our 6 year old house as it was for our old 40 year old house.

Good Luck Brother.

NeuRon · 12-09-2010, 07:44 AM

you havent seen nothin yet!!

wait until you have to deal with mortgage underwriters, lawyers and home inspectors. lol

chachee52 · 12-09-2010, 07:50 AM

Good luck!! just as long as there aren't 4 lawyers at closing and one of three owners being threatened to be head in contempt of the court like what I went through, you should have smooth sailing!!!
Enjoy!

12-09-2010, 07:56 AM

Nice pad man. The buying process can make you a trainwreck, but it's all worth it. My wife was a toal mess when she starte wrapping her brian around JUST how much debt she was signing up for.

shilala · 12-09-2010, 08:15 AM

Good luck, Drew!!!

hammondc · 12-09-2010, 08:32 AM

Yep. Big ol pain in the ass. We had no problem selling our house in SC when we moved to San Antonio, but are renting a house now. The onwers are talking about selling it just to get out from under it. When he brings it up again, I am going to throw a ridiculous low ball offer at him and see if he jumps on it.

Sled Dog · 12-09-2010, 08:43 AM

Good Luck! My house was a foreclosure too, its a pain, but it's completely worth it, you get twice the house for half the price! Like Ratters said, it's sad that it's someone losing a home, but they can be a great find!

12-08-2010, 07:39 PM	#1
Goldie Bring the pain! Join Date: Jan 2010 First Name: Drew Location: Ohio Posts: 808 Trading: (13)	Buying a house is stressful The wife and I submitted an offer on a house this evening. This is potentially the most stressful thing we have ever done. Just excited and nervous and stressed all at the same time. Fingers crossed. __________________ Come in here dear boy, have a cigar, you're gonna go far - Pink Floyd I like my draw, like I like my women, a little loose - Goldie

12-08-2010, 07:45 PM	#2
Eleven Solid As The Sun Join Date: Aug 2009 First Name: Scott Location: SW Ohio Posts: 1,859 Trading: (23)	Re: Buying a house is stressful Good Luck! (especially here in Ohio!) __________________ CA: putting the 'man' in bromance since 2008! --markem.

12-08-2010, 07:49 PM	#3
RevSmoke Ain't Never Gonna Leave Join Date: Oct 2008 First Name: Todd Location: Northcentral woods of Wisconsin Posts: 6,861 Trading: (51)	Re: Buying a house is stressful God's blessings on you and your wife, and may your offer be accepted. Peace of the Lord be with you. __________________ Todd__ "Smoke what you like, and enjoy it!"

12-08-2010, 08:05 PM	#4
E.J. I'm nuts for the place Join Date: Sep 2009 Posts: 3,218 Trading: (21)	Re: Buying a house is stressful I'll cross my fingers for you and hope the offer is accepted!

12-08-2010, 08:53 PM	#5
kelmac07 Resident Maduro Whore!! Join Date: Apr 2009 First Name: Mac Location: Newport News, VA Posts: 27,322 Trading: (218)	Re: Buying a house is stressful Best of luck Drew...best investment you will ever make (besides the wife). __________________ Dom in the MLB thread "I could probably get you to wear a Yankee hat for a Maduro!"

12-08-2010, 08:56 PM	#6
Ratters Have My Own Room Join Date: Oct 2008 Posts: 1,848 Trading: (2)	Re: Buying a house is stressful Good luck, bought mine last year. Out here, all the homes were either forclosures or short sales. Mine was a short sale. Going through the financing part I was getting really stressed out. My finance guy put it in perspective, I was getting a home for a great price, the people I was buying from were losing there home. The real stress was on them. Just keep your eye on the prize, it will all work out. BTW, talk to a couple people about financing, rates and fees do vary.

12-08-2010, 09:03 PM	#8
elderboy02 Lets Go Buckeyes! Join Date: Oct 2008 First Name: Dan Location: Cincinnati, OH Posts: 12,509 Trading: (133)	Re: Buying a house is stressful Good luck Drew!

12-08-2010, 09:15 PM	#9
forgop Not a puffer Join Date: Oct 2008 First Name: Duane Location: Indianapolis, IN Posts: 2,869 Trading: (40)	Re: Buying a house is stressful I hear ya....bought a new house and closed on it March 15th...finally closed on our old house November 4th. And the new house has been a wreck ever since amidst all the new floor installation and shower remodel.

12-08-2010, 09:25 PM	#10
CigarNut Fck Cancer! Join Date: Jan 2009 First Name: Michael Location: Clermont, Florida Posts: 18,042 Trading: (111*)	Re: Buying a house is stressful Good luck! __________________ Need Beads? Need Five Finger Bags? 2 of 3 Requirements for use of the CA Rolodex: 100 posts/ 60 day membership/ participation in trade (trader rating). New members can be added at any time.

12-08-2010, 10:53 PM	#11
Goldie Bring the pain! Join Date: Jan 2010 First Name: Drew Location: Ohio Posts: 808 Trading: (13)	Re: Buying a house is stressful Thanks guys I appreciate the good luck wishes. This is a foreclosure that needs some rehab so we are applying for a HomePath rehab loan. The house is around 90 years old, so some fixing up is understandable. I guess now we just play the waiting game and see what happens. __________________ Come in here dear boy, have a cigar, you're gonna go far - Pink Floyd I like my draw, like I like my women, a little loose - Goldie

12-08-2010, 11:21 PM	#12
Goldie Bring the pain! Join Date: Jan 2010 First Name: Drew Location: Ohio Posts: 808 Trading: (13)	Re: Buying a house is stressful Here's a picture just for the hell of it __________________ Come in here dear boy, have a cigar, you're gonna go far - Pink Floyd I like my draw, like I like my women, a little loose - Goldie

12-09-2010, 04:51 AM	#13
forgop Not a puffer Join Date: Oct 2008 First Name: Duane Location: Indianapolis, IN Posts: 2,869 Trading: (40)	Re: Buying a house is stressful While I ended up with a big house in the suburbs, I really like these older homes as well. The downside is you usually have to be much more central to the city and houses like these aren't available in parts of town I'd want to live in. Another downside is they often lack much in the way of much yard to go with it. Good luck...once you get over the acceptance/closing, then you get the joys of moving and fixing it up. You'll then think this was the easy part.

12-09-2010, 06:59 AM	#14
Lucky_Hippo A Cigar = 42 Join Date: Oct 2008 First Name: Gary Location: Kansas Posts: 494 Trading: (2)	Re: Buying a house is stressful They're all fixer ups Drew, belive me. For some reason my wife's "Honey Do List" is just as long for our 6 year old house as it was for our old 40 year old house. Good Luck Brother. __________________ Who wants an orange whip? Orange whip? Orange whip? Three orange whips. -J.Candy

12-09-2010, 07:44 AM	#15
NeuRon Formerly BigRonS Join Date: Sep 2009 First Name: Ron Location: Forked River, NJ Posts: 1,540 Trading: (22)	Re: Buying a house is stressful you havent seen nothin yet!! wait until you have to deal with mortgage underwriters, lawyers and home inspectors. lol

12-09-2010, 07:50 AM	#16
chachee52 Adjusting to the Life Join Date: Dec 2009 First Name: Todd Location: Tyngsboro, MA Posts: 399 Trading: (2)	Re: Buying a house is stressful Good luck!! just as long as there aren't 4 lawyers at closing and one of three owners being threatened to be head in contempt of the court like what I went through, you should have smooth sailing!!! Enjoy! __________________

12-09-2010, 07:56 AM	#17
DoctorBJ Guest Posts: n/a	Re: Buying a house is stressful Nice pad man. The buying process can make you a trainwreck, but it's all worth it. My wife was a toal mess when she starte wrapping her brian around JUST how much debt she was signing up for.

12-09-2010, 08:15 AM	#18
shilala Dear Lord, Thank You. Join Date: Oct 2008 First Name: Scott Posts: 13,721 Trading: (252)	Re: Buying a house is stressful Good luck, Drew!!! __________________

12-09-2010, 08:32 AM	#19
hammondc Moar Padrons! Join Date: Aug 2010 First Name: Chip Location: Senoia, GA Posts: 2,626 Trading: (17)	Re: Buying a house is stressful Yep. Big ol pain in the ass. We had no problem selling our house in SC when we moved to San Antonio, but are renting a house now. The onwers are talking about selling it just to get out from under it. When he brings it up again, I am going to throw a ridiculous low ball offer at him and see if he jumps on it.

12-09-2010, 08:43 AM	#20
Sled Dog Still Watching My Back Join Date: Nov 2010 First Name: Tim Location: Buffalo, NY Posts: 198 Trading: (0)	Re: Buying a house is stressful Good Luck! My house was a foreclosure too, its a pain, but it's completely worth it, you get twice the house for half the price! Like Ratters said, it's sad that it's someone losing a home, but they can be a great find!