cdt pfp
cdt
@cdt
wish we had a home buying channel. thinking of moving on our first house but i feel out of sorts here.
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seneca pfp
seneca
@seneca
ask the qs, your _friends_ will help you get the respuestas
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matthewb.eth ↑ 🎩 pfp
matthewb.eth ↑ 🎩
@matthewb
what sort of concerns/issues are holding you back from taking the leap?
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SchmRdty.eth 🎩🫂📄 pfp
SchmRdty.eth 🎩🫂📄
@schmrdty.eth
Don’t use gross for anything.
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skilift 🚠 pfp
skilift 🚠
@skilift
out of sorts in what way? just general nervousness?
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tvler.eth pfp
tvler.eth
@tvler
biggest advice is stay away from tech-based startup mortgage companies and just find an IRL broker in your area. the home buying/escrow process is basically the most complex purchasing funnel for american consumers and no tech product has solved it yet. you lose a direct line of communication with someone you know
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Ben 🟪 pfp
Ben 🟪
@benersing
First time pulling the trigger is nerve-racking. You've got this!
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thehilker 🎩↑🥱 pfp
thehilker 🎩↑🥱
@trh
A few considerations: - buy less than you can afford (plan to need the $ later) - get your own inspector - find an agent that will find everything wrong with a house - look into the HOA rules - make lists of likes/dislikes; revisit them w/ your SO often - visit & evaluate homes you don’t intend to buy (assess prefs)
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Trigs pfp
Trigs
@trigs
Look at lots of houses. Talk to multiple realtors. Get a feel for different bankers/brokers. Get your own inspection. Don't assume anything, ask. Expect surprises and have a repair/remodel fund appropriate for the age/condition of the house. You'll need it. The perfect house is the one you can afford to repair.
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Alex Roytenberg, CPA 🎩🍖 pfp
Alex Roytenberg, CPA 🎩🍖
@alexroytenberg
When comparing mortgages look at APY not APR. A lot of mortgage brokers have crazy fees. When getting mortgage quotes call a bunch of banks and sometimes mortgage rates might not go down even if rates do and it’s in part because back office for that bank is backed up and good mortgage bankers will know it.
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Jawa pfp
Jawa
@jawa
One of the best decisions we made. I wish I had pulled the trigger 10 years earlier and started building equity.
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ΛDRIΛN 👽🛸 pfp
ΛDRIΛN 👽🛸
@adrianandreev.eth
I can share tips as a homeowner and what I have seen in the marketplace (it will be a casthread) Before you sign: Think about the location, the seasons and roof shape. 1.) If you pick a flat roof design but get heavy snow in that region, you can get roof collapse without proper drainage 2.) Hip roof shapes perform…
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BundleOfSticks pfp
BundleOfSticks
@propertylawguy
Don’t get caught up by cosmetic finishes, those can be improved, have a good inspector (or friend) tell you if the bones of the home are in good condition. Plumbing, electrical, sewer line, roof issues can be a nightmare and expensive
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Sunny 🎩 pfp
Sunny 🎩
@sunnydelight
@cdt happy to chat via DM or phone call, I have bought multiple homes, bought my first home putting down 5%, kept that and bought my next primary at 10% down. Bought 4 more out of state where I did so the 20% down but they’re investment homes. You have the right mindset of debating whether you want your money…
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Dennison Bertram pfp
Dennison Bertram
@dennison
Owner here! It's lots of work but I highly recommend it. Great way to build wealth that is relatively easy. This means, lots of people on property, lots of tools to maximize returns, maintain, people to ask for help, etc... Best advice is: Buy the complete home. Don't plan to renovate.
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STV G🎩 pfp
STV G🎩
@0xstvg
Also, rope everything together. I know people who don’t roll their property taxes into their mortgage. I think that’s a big mistake unless you are super financially disciplined
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STV G🎩 pfp
STV G🎩
@0xstvg
I would use the first time home buyer advantage and put a low down payment to start. Interest rates will start to come down so you can refi and put more towards the principal later.
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STV G🎩 pfp
STV G🎩
@0xstvg
What would you like to know
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John Austin🎩 pfp
John Austin🎩
@hegotmegood
Home buying channel? TV is dead! @cdt I suppose YouTube can be helpful, however speaking with a realtor and hearing some first hand stories can go a long way to educate you about the process of due diligence Sent ya a Dm.
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Not.king pfp
Not.king
@king-
I recommend a mortgage broker. Often they can get you the best rate at no cost to you. Wouldn’t rec a point buy down unless it’s for a unique reason. You make ask the seller for money towards closing costs which may help cover closing if you struggle with liquidity.
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