First time home buyer's tax rebate
Comments
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I think the most annoying part of the house buying process, at least for me, is the constant advice I am getting from people. Advice from people, who do not have a fucking clue what they are talking about. heheheheblackredyellow wrote:
We really didn't have to do anything right away, but there were some expenses. We had to buy a new refrigerator, washer/dryer, lawnmower (and other stuff we didn't need in an apartment).
We are finishing our basement now (with income tax refund money). So far that has only cost about $1500, but we still have to get the drywall finished and carpeting.
Our house was built in 1987 and it has the original roof and furnace in it... both are doing good, but they are pretty much at the end of their life spans, so in the next couple of years those will probably be expensive projects.
Other stuff we'd like to do is landscaping/new fence, update one of the bathrooms, repave the driveway, new garage door... etc etc etc.
As everyone will tell you, there is always something to do.
Fuck, $8k would have been nice lol
It seems I hear nothing but "doom and gloom"........
Some of my favorites??? "Have you checked to see what the property taxes are"????
UMMMM, No, I am going to purchase a fucking house, without checking the property taxes.
Another favorite? "You realize being pre-approved, means nothing".....
I am pretty sure I wouldnt be purchasing a house, if I didnt think my credit history was in order, and I didnt have at least 20% to put down....
Yet another...."You realize you will have to get an inspector and a real estate lawyer".....
No shit Sherlock!!!!!!!!Take me piece by piece.....
Till there aint nothing left worth taking away from me.....0 -
SPEEDY MCCREADY wrote:
I think the most annoying part of the house buying process, at least for me, is the constant advice I am getting from people. Advice from people, who do not have a fucking clue what they are talking about. heheheheblackredyellow wrote:
We really didn't have to do anything right away, but there were some expenses. We had to buy a new refrigerator, washer/dryer, lawnmower (and other stuff we didn't need in an apartment).
We are finishing our basement now (with income tax refund money). So far that has only cost about $1500, but we still have to get the drywall finished and carpeting.
Our house was built in 1987 and it has the original roof and furnace in it... both are doing good, but they are pretty much at the end of their life spans, so in the next couple of years those will probably be expensive projects.
Other stuff we'd like to do is landscaping/new fence, update one of the bathrooms, repave the driveway, new garage door... etc etc etc.
As everyone will tell you, there is always something to do.
Fuck, $8k would have been nice lol
It seems I hear nothing but "doom and gloom"........
Some of my favorites??? "Have you checked to see what the property taxes are"????
UMMMM, No, I am going to purchase a fucking house, without checking the property taxes.
Another favorite? "You realize being pre-approved, means nothing".....
I am pretty sure I wouldnt be purchasing a house, if I didnt think my credit history was in order, and I didnt have at least 20% to put down....
Yet another...."You realize you will have to get an inspector and a real estate lawyer".....
No shit Sherlock!!!!!!!!
Yeah, the obvious advice is a joke... I'm going to get myself $150k in debt, no shit I'm going to do research lol.
The pre-approval thing is such a crock of shit... my wife and I were pre-approved for like twice what we could realistically afford. No wonder people are fucked in this country, some of them actually take out the max they are pre-approved for.
You are obviously past this stage in the game, but the only obvious advice I tell people is to get a good realitor... don't just pull a name off a website, ask smart people you know for a referral. Our guy made the whole purchase much easier. It's amazing how many little questions you can have during the processes, and our realitor answered everything (or referred us to people who could) every step of the way.
Speaking of real estate, anyone catch the recent stories about the Extreme Home Makeover show people getting foreclosed on? If you don't know the show, they take some out of luck family who are good in the community, etc., and live in terrible houses, and rebuild them a big nice house.
Well, it turns out that some of the people took out loans and loans against the equity of the houses and ended up losing them.... great choices people.My whole life
was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln0 -
Well...
It looks like I will be under contract, sometime this week, looking at a closing date of June 21st. Still cant believe the house I am buying for $130K, sold for $279K just 5 years ago. I am not looking at having to do much work before we move in, mostly cosmetic, but we will see what Mr. Inspector has to say. Hopefully the housing market turns around in the next 5 years, but I think it will take 20 years.Take me piece by piece.....
Till there aint nothing left worth taking away from me.....0 -
SPEEDY MCCREADY wrote:Well...
It looks like I will be under contract, sometime this week, looking at a closing date of June 21st. Still cant believe the house I am buying for $130K, sold for $279K just 5 years ago. I am not looking at having to do much work before we move in, mostly cosmetic, but we will see what Mr. Inspector has to say. Hopefully the housing market turns around in the next 5 years, but I think it will take 20 years.
congrats0 -
Hey, thanks Patrick.patrickredeyes wrote:SPEEDY MCCREADY wrote:Well...
It looks like I will be under contract, sometime this week, looking at a closing date of June 21st. Still cant believe the house I am buying for $130K, sold for $279K just 5 years ago. I am not looking at having to do much work before we move in, mostly cosmetic, but we will see what Mr. Inspector has to say. Hopefully the housing market turns around in the next 5 years, but I think it will take 20 years.
congrats
Its time. Hell, maybe it was time 10-15 years ago. hehehehe
But I NEVER wanted to leave the city, never thought I would leave the city. But now, I CANT WAIT to get out of the city. I have had enough of the city. Where I am moving is only 10 miles Northwest of where I am at now, but it is a whole different world. Nice quiet neighborhood, all single family houses. I am going to spend my summer playing in my garden, fixing the lawn, and sitting on my new deck. Sounds good to me!Take me piece by piece.....
Till there aint nothing left worth taking away from me.....0 -
SPEEDY MCCREADY wrote:Well...
It looks like I will be under contract, sometime this week, looking at a closing date of June 21st. Still cant believe the house I am buying for $130K, sold for $279K just 5 years ago. I am not looking at having to do much work before we move in, mostly cosmetic, but we will see what Mr. Inspector has to say. Hopefully the housing market turns around in the next 5 years, but I think it will take 20 years.
"Have you checked to see what the property taxes are"????
"You realize being pre-approved, means nothing"
"You realize you will have to get an inspector and a real estate lawyer"
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hehehehehehehehenorm wrote:SPEEDY MCCREADY wrote:Well...
It looks like I will be under contract, sometime this week, looking at a closing date of June 21st. Still cant believe the house I am buying for $130K, sold for $279K just 5 years ago. I am not looking at having to do much work before we move in, mostly cosmetic, but we will see what Mr. Inspector has to say. Hopefully the housing market turns around in the next 5 years, but I think it will take 20 years.
"Have you checked to see what the property taxes are"????
"You realize being pre-approved, means nothing"
"You realize you will have to get an inspector and a real estate lawyer"
My new neighbor walks out of her back door on Saturday, and says Hi...
We introduce ourselves and tell her we are going to buy this house....
She immediately asks..... "How much did you pay for it"????? I tell her 130K....
She frowns and says...."I bought mine for $250K 6 years ago"
YIKES!!!!!Take me piece by piece.....
Till there aint nothing left worth taking away from me.....0 -
SPEEDY MCCREADY wrote:hehehehehehehehe
My new neighbor walks out of her back door on Saturday, and says Hi...
We introduce ourselves and tell her we are going to buy this house....
She immediately asks..... "How much did you pay for it"????? I tell her 130K....
She frowns and says...."I bought mine for $250K 6 years ago"
YIKES!!!!!
and yet the same house out here would go for double that...i look at 250 and think "BARGIN!!"
congrats on the house...i'll be moving in in the fall
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If the prices of the new houses I like here in New York didn't cost so damn much I would take advantage of it. Sould have first time sellers rebate so I can double down.0
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So...
I am now under contract....
Had Mr. Inspector over on Saturday.....
We have some minor repairs/work to do....Nothing MAJOR(Thank God)
I will see Mr. Loan Officer tomorrow....
Hope to be in the new house in 30 days........
Life is good....
Then Mr. Obama can send me my check for $8,000........
And life will be better.......Take me piece by piece.....
Till there aint nothing left worth taking away from me.....0 -
SPEEDY MCCREADY wrote:So...
I am now under contract....
Had Mr. Inspector over on Saturday.....
We have some minor repairs/work to do....Nothing MAJOR(Thank God)
I will see Mr. Loan Officer tomorrow....
Hope to be in the new house in 30 days........
Life is good....
Then Mr. Obama can send me my check for $8,000........
And life will be better.......
That's awesome, congrats. My wife and I bought our first place two years ago - it's awesome, and awesomely weird at the same time. The week after we moved in I went to hang something on the wall in the sun room, and I stood there looking at the wall for 15 minutes because I wasn't used to just being able to go and put holes in walls without asking someone's permission
If you do want a useful tip from a recent buyer though, it's this: Don't hire me to do your plumbing. Tried to change out a broken toilet yesterday, and found out quickly the guys who built the house didn't know what they were doing and a LOT of things had to be fixed. I was out of my league within 5 minutes, and now we have a plumber coming out this week to finish the job we started. I can write a press release with the best of them, but be damned if I can fix a broken flange that was superglued to tiles.And I listen for the voice inside my head... nothing. I'll do this one myself.0 -
I leave plumbing and electrical to the pros.....cajunkiwi wrote:SPEEDY MCCREADY wrote:So...
I am now under contract....
Had Mr. Inspector over on Saturday.....
We have some minor repairs/work to do....Nothing MAJOR(Thank God)
I will see Mr. Loan Officer tomorrow....
Hope to be in the new house in 30 days........
Life is good....
Then Mr. Obama can send me my check for $8,000........
And life will be better.......
That's awesome, congrats. My wife and I bought our first place two years ago - it's awesome, and awesomely weird at the same time. The week after we moved in I went to hang something on the wall in the sun room, and I stood there looking at the wall for 15 minutes because I wasn't used to just being able to go and put holes in walls without asking someone's permission
If you do want a useful tip from a recent buyer though, it's this: Don't hire me to do your plumbing. Tried to change out a broken toilet yesterday, and found out quickly the guys who built the house didn't know what they were doing and a LOT of things had to be fixed. I was out of my league within 5 minutes, and now we have a plumber coming out this week to finish the job we started. I can write a press release with the best of them, but be damned if I can fix a broken flange that was superglued to tiles.
I have lots and lots of construction experience, and I can do minor plumbing and electrical....But I choose not to......I would rather hire a licensed professional, and have the job done right.Take me piece by piece.....
Till there aint nothing left worth taking away from me.....0 -
cajunkiwi wrote:SPEEDY MCCREADY wrote:So...
I am now under contract....
Had Mr. Inspector over on Saturday.....
We have some minor repairs/work to do....Nothing MAJOR(Thank God)
I will see Mr. Loan Officer tomorrow....
Hope to be in the new house in 30 days........
Life is good....
Then Mr. Obama can send me my check for $8,000........
And life will be better.......
That's awesome, congrats. My wife and I bought our first place two years ago - it's awesome, and awesomely weird at the same time. The week after we moved in I went to hang something on the wall in the sun room, and I stood there looking at the wall for 15 minutes because I wasn't used to just being able to go and put holes in walls without asking someone's permission
If you do want a useful tip from a recent buyer though, it's this: Don't hire me to do your plumbing. Tried to change out a broken toilet yesterday, and found out quickly the guys who built the house didn't know what they were doing and a LOT of things had to be fixed. I was out of my league within 5 minutes, and now we have a plumber coming out this week to finish the job we started. I can write a press release with the best of them, but be damned if I can fix a broken flange that was superglued to tiles.
I read something recently that the busiest day for plumbers is mondays, when wives call to have them fix what their husbands fucked up over the weekend lol.My whole life
was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln0 -
SPEEDY MCCREADY wrote:So...
I am now under contract....
Had Mr. Inspector over on Saturday.....
We have some minor repairs/work to do....Nothing MAJOR(Thank God)
I will see Mr. Loan Officer tomorrow....
Hope to be in the new house in 30 days........
Life is good....
Then Mr. Obama can send me my check for $8,000........
And life will be better.......
Congrats... it's a good feeling when the inspector doesn't tell you that the house if falling apart
My whole life
was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln0 -
blackredyellow wrote:cajunkiwi wrote:SPEEDY MCCREADY wrote:So...
I am now under contract....
Had Mr. Inspector over on Saturday.....
We have some minor repairs/work to do....Nothing MAJOR(Thank God)
I will see Mr. Loan Officer tomorrow....
Hope to be in the new house in 30 days........
Life is good....
Then Mr. Obama can send me my check for $8,000........
And life will be better.......
That's awesome, congrats. My wife and I bought our first place two years ago - it's awesome, and awesomely weird at the same time. The week after we moved in I went to hang something on the wall in the sun room, and I stood there looking at the wall for 15 minutes because I wasn't used to just being able to go and put holes in walls without asking someone's permission
If you do want a useful tip from a recent buyer though, it's this: Don't hire me to do your plumbing. Tried to change out a broken toilet yesterday, and found out quickly the guys who built the house didn't know what they were doing and a LOT of things had to be fixed. I was out of my league within 5 minutes, and now we have a plumber coming out this week to finish the job we started. I can write a press release with the best of them, but be damned if I can fix a broken flange that was superglued to tiles.
I read something recently that the busiest day for plumbers is mondays, when wives call to have them fix what their husbands fucked up over the weekend lol.
That wouldn't surprise me at all after our day yesterday. Complete debacle. Electrical I'm fine with, but this was a mess from the get-go.
Though, in my defense, I wanted to call the plumber and have him do it all along. My wife, however, wanted to try and save a few bucks first and see if we could do it ourselves - based on nothing more than reading comments online about how easy it is to replace a toilet. Easy - if you know what you're doing. At least we know our plumber well (because he's a family friend, NOT because I screw things up on a regular basis ) And I listen for the voice inside my head... nothing. I'll do this one myself.0 -
SPEEDY MCCREADY wrote:So...
I am now under contract....
Had Mr. Inspector over on Saturday.....
We have some minor repairs/work to do....Nothing MAJOR(Thank God)
I will see Mr. Loan Officer tomorrow....
Hope to be in the new house in 30 days........
Life is good....
Then Mr. Obama can send me my check for $8,000........
And life will be better.......
What suburb you going to?
I know you don't want advice but..... we closed on a house in November, South Burbs
and the closing got postponed 2 or 3 times we were suppose to close on 10/15 and it ending up happening 11/6
at this point expect the unexpected cause things will keep coming up.... not to be doom and gloom**CUBS GO ALL THE WAY IN......never **0 -
River Grove.....Basically Cumberland and Grand.....KDH12 wrote:SPEEDY MCCREADY wrote:So...
I am now under contract....
Had Mr. Inspector over on Saturday.....
We have some minor repairs/work to do....Nothing MAJOR(Thank God)
I will see Mr. Loan Officer tomorrow....
Hope to be in the new house in 30 days........
Life is good....
Then Mr. Obama can send me my check for $8,000........
And life will be better.......
What suburb you going to?
I know you don't want advice but..... we closed on a house in November, South Burbs
and the closing got postponed 2 or 3 times we were suppose to close on 10/15 and it ending up happening 11/6
at this point expect the unexpected cause things will keep coming up.... not to be doom and gloom
They have set a closing date for June 21 (at the latest)
But according to Mr. Loan Officer it should be much quicker than that......
But we will see....Take me piece by piece.....
Till there aint nothing left worth taking away from me.....0 -
Congrats, nice area
Hope all works out
It seems that with a closing date that far ahead there is more than enough time but while I was going through the process everyone I talked to that had been in the industry for a while commented on how it is much more complicated nowadays.... the reasons for the delay
foreclosures are a whole different ball game that I unfamiliar with since I have not been there done that**CUBS GO ALL THE WAY IN......never **0 -
EVERYONE I have talked to, has said the same thing that you are saying....KDH12 wrote:Congrats, nice area
Hope all works out
It seems that with a closing date that far ahead there is more than enough time but while I was going through the process everyone I talked to that had been in the industry for a while commented on how it is much more complicated nowadays.... the reasons for the delay
foreclosures are a whole different ball game that I unfamiliar with since I have not been there done that
"Be patient, it may take some time"
I am prepared for this to take 4-8 weeks.....
Yeah its a nice area, all single family homes, seems nice and quiet.Take me piece by piece.....
Till there aint nothing left worth taking away from me.....0 -
Sounds like you are good to go on the house unless the bank (that owns the property) finds a ways to drag it out and complicate the process which I think is common in foreclosures
who knows
but coming from a fellow long term renter, you are in for a whole new world kinda love hate relationship**CUBS GO ALL THE WAY IN......never **0
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