Buying a house can be an exciting time. It can also be rather stressful. We just bought our first house and learned some things along the way.
--There's a lot of waiting involved. We started the process at the end of April and just got in our house last week. Sometimes it takes even longer, but our credit was great, so everything went smoothly.
--There a stage called the underwriting stage.
--During the underwriting stage, you'll be requested to send in MORE documents. Or maybe it was just us, because we used a VA loan. We thought we were good to go but nope, then we were told the underwriters needed MORE things filled out.
--The closing date can change at the last minute. Read our story about that here.
--The people who lived in the home previously might leave nails in the walls. If you want them out, state so in the contract. We just assumed they'd do this.
--If you have a HOA, be prepared for lots of rules. We have one. We just have to remember not to paint our house an offensive color. Oh, and mow the lawn. You'll get a nasty gram if you don't mow your lawn.
--You might find things wrong with the house AFTER you close. We discovered that the kitchen faucet can pop off. You have to push it down just right, otherwise water will drip. My tip would be to test all the faucets during the walk through.
--When you close on the house, the amount of times you sign your name is insane. This is the stack of paper we signed or initialed.
--We were pre-approved for a $400,000 loan but try not to ever go near the high amount. We went wayy below because we wanted to be comfortable after the mortgage payment and bills.
--Pay for an inspection to be done on the house. We paid about $300 for ours. It's expensive, but worth it. If there's something majorly wrong with the house, you want to know. We were lucky and didn't have anything crazy.
--Don't go overboard with square footage. Remember, you have to clean it. Or, if you're rich like Jay Z, maybe not. But for us regular people, we have to clean on our own. Our house is a little over 2000 square feet which I feel is a perfect size for our family of four. It won't be too overwhelming to clean.
It can be a lot of information at once, but in the end it's a thrilling thought to know that you own a home.
Have you bought a house?