Welcome to Mommysavers Forums.
Go Back  

Money Matters Personal finance, managing debt, saving and investing

Register FAQ Members List Calendar Search Today's Posts Mark Forums Read Gallery iTrader

Reply
 
Thread Tools Display Modes

Old 04-10-2007, 05:29 AM   #1
Default Advice on buying a house?
tinkerbell02
Senior Mommysavers Member
 
tinkerbell02's Avatar
 
Last Online: Yesterday 08:14 PM
Join Date: Feb 2007
Location: NC
Posts: 213
iTrader: (0)
Hello,

we are planning on buying a house by the end of the year. We are currently still stationed in germany and my husband will go to the states this summer and try to buy a house for us.
This is going to be our first! We have always lived for rent and I am sooo scared that we'll make a big mistake during the whole buying process.
Does anybody have any good advice or know good website kind of like "homebuying for dummies"? I am trying to learn as much as I can right now...

Thanks!
tinkerbell02 is offline   Reply With Quote
Old 04-10-2007, 06:30 AM   #2
Default
Kathring
Senior Mommysavers Member
 
Kathring's Avatar
 
Last Online: 12-10-2007 07:16 PM
Join Date: Jul 2006
Posts: 270
iTrader: (0)
Hi - Hey, I've been to Heidelberg - it's fabulous! Spent all day at the castle, very very cool!

First off, figure out where you want to live. start scoping around at realtor.com for prices, check out the school systems, and for SURE get a licensed inspector to check the home out BEFORE you sign any contracts (you can make that a contingency on your offer). There really is quite a bit of research you should do first, so start surfing the web for assistance too.

Sorry, this was really quick, I'm headed off to work. HTH a little bit to get you started!
Kathring is offline   Reply With Quote
Old 04-11-2007, 02:07 PM   #3
Default
deemom
Saving $ moderator
 
Last Online: Yesterday 08:31 PM
Join Date: Jul 2006
Location: Iowa
Posts: 7,121
iTrader: (0)
If at all possible save up enough money for a down payment so you don't have to pay PMI. That way more of your mortgage payment will actually go towards paying off the house.

Check out the school system and your neighbors. Nothing worse than having horrible neighbors.
deemom is offline   Reply With Quote
Old 04-11-2007, 02:49 PM   #4
Default
momof2boys
Lady Chats A LOT
 
momof2boys's Avatar
 
Last Online: Yesterday 10:21 PM
Join Date: Jul 2006
Location: Ohio near the Great Lake
Posts: 10,597
iTrader: (3)
My biggest piece of advice is a LICENSED house inspector. The first house we put a bid on underneath was a HUGE money pit, so glad we saved oursleves from that by hiring a good inspector!
momof2boys is offline   Reply With Quote
Old 04-12-2007, 11:32 AM   #5
Default
tinkerbell02
Senior Mommysavers Member
 
tinkerbell02's Avatar
 
Last Online: Yesterday 08:14 PM
Join Date: Feb 2007
Location: NC
Posts: 213
iTrader: (0)
Thanks! It's always good to hear other peoples experiences.
tinkerbell02 is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Members
 

Sponsors

 


Advertisement

All times are GMT -5. The time now is 12:14 AM.


Powered by vBulletin® Version 3.6.7
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.0.0