Go Back  DVD Talk Forum > General Discussions > Other Talk
Reload this Page >

Buying a House: Any Advice?

Other Talk "Otterville"

Buying a House: Any Advice?

Old 05-16-05, 11:55 AM
  #1  
DVD Talk Hall of Fame
Thread Starter
 
Join Date: Apr 2001
Location: East of Ypsi
Posts: 8,901
Received 2 Likes on 2 Posts
Buying a House: Any Advice?

I know these threads pop up a lot but I'm excited so...

I'm putting an offer on my first house today. I pretty sure they'll accept. It's small, but it's a good starter home and will work out well for the next five years or so that I'll probably live there. It's in great condition. Everything looks brand new. New roof and siding. New shed out back. Beautiful hardwood floors.

What is it they say about small houses? It has charm.

Any advice, tips?
Old 05-16-05, 11:58 AM
  #2  
DVD Talk Ultimate Edition
 
Join Date: Feb 2002
Location: Unknown
Posts: 4,091
Likes: 0
Received 0 Likes on 0 Posts
Get a home warranty. I have learned my lesson the hard way on this one.
Old 05-16-05, 12:52 PM
  #3  
DVD Talk Gold Edition
 
Join Date: Jul 2002
Location: Exit 10, NJ
Posts: 2,753
Likes: 0
Received 0 Likes on 0 Posts
Buy stock in Home Depot or Lowe's (you're going to be there alot). Subscribe to the DIY network. Set aside an emergency fund for, well, emergencies.

Last edited by garolo; 05-16-05 at 12:54 PM.
Old 05-16-05, 12:57 PM
  #4  
Banned
 
Join Date: Aug 2000
Location: Reno, NV
Posts: 2,893
Likes: 0
Received 0 Likes on 0 Posts
Get one with a roof. It really comes in handy during the winter months.
Old 05-16-05, 12:57 PM
  #5  
DVD Talk Legend
 
Join Date: Aug 1999
Location: Chicago, IL
Posts: 17,204
Likes: 0
Received 1 Like on 1 Post
So I guess you didn't go for the home with HOA?
Old 05-16-05, 01:02 PM
  #6  
DVD Talk Hall of Fame
Thread Starter
 
Join Date: Apr 2001
Location: East of Ypsi
Posts: 8,901
Received 2 Likes on 2 Posts
Originally Posted by ChiTownAbs, Inc
So I guess you didn't go for the home with HOA?
Yep, you guys scared me away from that one.

Actually, this deal popped up yesterday and it's a dream come true. Almost exactly what we were looking for. We're pretty excited.
Old 05-16-05, 01:02 PM
  #7  
DVD Talk Hall of Fame
Thread Starter
 
Join Date: Apr 2001
Location: East of Ypsi
Posts: 8,901
Received 2 Likes on 2 Posts
Originally Posted by Green Jello
Get one with a roof. It really comes in handy during the winter months.
Check.
Old 05-16-05, 01:46 PM
  #8  
DVD Talk Godfather
 
Michael Corvin's Avatar
 
Join Date: May 1999
Location: Louisville, KY
Posts: 61,371
Received 509 Likes on 362 Posts
Originally Posted by Green Jello
Get one with a roof. It really comes in handy during the winter months.
Well if you are going to get one with a roof you might as well splurge and get one with running water. Might come in handy.
Old 05-16-05, 01:48 PM
  #9  
Banned
 
Join Date: Aug 2000
Location: Reno, NV
Posts: 2,893
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by Michael Corvin
Well if you are going to get one with a roof you might as well splurge and get one with running water. Might come in handy.
Ooooh yeah! I have that in my house and it rocks!! I highly recommend getting that option.
Old 05-16-05, 03:22 PM
  #10  
Member
 
Join Date: Mar 2001
Posts: 95
Likes: 0
Received 0 Likes on 0 Posts
Get a home warranty. I have learned my lesson the hard way on this one.
Statistically, these things aren't worth it. In some cases you make out, but most people don't.
Old 05-16-05, 03:27 PM
  #11  
DVD Talk Hall of Fame
 
Join Date: Apr 2001
Location: Eugene, OR
Posts: 8,245
Likes: 0
Received 1 Like on 1 Post
I have one piece of advice....don't ever think about trying to buy a house in Humboldt County (CA). I could probably get a loan for $250,000 and that'll get me a starter house. Anything less than that is in bad condition or in a bad neighborhood
Old 05-16-05, 05:09 PM
  #12  
DVD Talk Ultimate Edition
 
buckee1's Avatar
 
Join Date: Oct 1999
Location: Minding the precious things in the Local Shop
Posts: 4,106
Likes: 0
Received 0 Likes on 0 Posts
have it inspected!. Have it inspected, Have it inspected. You may think you know what you're doing when it comes to "kicking the tires" on a house purchase but just to be sure, have a professional give her the once over.
Old 05-16-05, 05:23 PM
  #13  
DVD Talk Limited Edition
 
Ginwen's Avatar
 
Join Date: May 2002
Location: Kent, WA
Posts: 7,318
Received 6 Likes on 4 Posts
Originally Posted by msulinski
Statistically, these things aren't worth it. In some cases you make out, but most people don't.
We got one thrown in for the first year as part of the negotiations. We did use it once (to fix the hottub, but it was a pretty minor repair) but for what it costs (over $500) we didn't renew it. Still, for peace of mind, I'm glad we had it (and you need to have some stuff to negotiate on).
Old 05-16-05, 05:29 PM
  #14  
DVD Talk Platinum Edition
 
Join Date: Oct 2001
Location: Willow Grove, PA
Posts: 3,055
Likes: 0
Received 0 Likes on 0 Posts
Goto Yahoo! Fianace and read up on house buying and mortages.

Goto FW and read the posts listed in this thread: http://www.fatwallet.com/forums/arcm...hreadid=174307
Old 05-16-05, 05:34 PM
  #15  
Banned
 
Join Date: Aug 2000
Location: Reno, NV
Posts: 2,893
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by buckee1
have it inspected!. Have it inspected, Have it inspected. You may think you know what you're doing when it comes to "kicking the tires" on a house purchase but just to be sure, have a professional give her the once over.
Isn't that a REQUIREMENT in most states. I didn't think I had an option to not have it inspected, even though I definately would anyway.
Old 05-16-05, 06:41 PM
  #16  
DVD Talk Hall of Fame
Thread Starter
 
Join Date: Apr 2001
Location: East of Ypsi
Posts: 8,901
Received 2 Likes on 2 Posts
Thanks all. I'm off to sign the papers!
Old 05-16-05, 06:45 PM
  #17  
DVD Talk Ruler
 
General Zod's Avatar
 
Join Date: Sep 2001
Location: Santa Clarita, CA
Posts: 22,792
Received 427 Likes on 276 Posts
Get it inspected and make sure you specify exactly what you want the seller to fix before you move in, or compensation so you can get it done.

Congrats!
Old 05-16-05, 07:26 PM
  #18  
DVD Talk God
 
kvrdave's Avatar
 
Join Date: Aug 1999
Location: Pacific NW
Posts: 86,189
Likes: 0
Received 4 Likes on 4 Posts
Originally Posted by Green Jello
Isn't that a REQUIREMENT in most states. I didn't think I had an option to not have it inspected, even though I definately would anyway.
no. I would bet only about 25% of houses I sell are professionally inspected.
Old 05-16-05, 09:04 PM
  #19  
DVD Talk Hall of Fame
Thread Starter
 
Join Date: Apr 2001
Location: East of Ypsi
Posts: 8,901
Received 2 Likes on 2 Posts
Originally Posted by kvrdave
no. I would bet only about 25% of houses I sell are professionally inspected.
Well, it's definitely a part of the agreement I just signed.

Contract should be in the owner's hands as I type. Wish me luck!
Old 05-16-05, 09:07 PM
  #20  
DVD Talk Hero
 
Numanoid's Avatar
 
Join Date: Aug 2000
Location: Down in 'The Park'
Posts: 27,881
Likes: 0
Received 2 Likes on 2 Posts
Originally Posted by automator
Wish me luck!



"Dink dink!"
Old 05-16-05, 09:08 PM
  #21  
DVD Talk Legend & 2019 TOTY Winner
 
Bacon's Avatar
 
Join Date: Nov 2002
Location: the 870
Posts: 21,780
Received 50 Likes on 36 Posts
win the lotto, so you don't get stuck with montly payments and flushing tons of cash down the toilet in interest. I love owning my own place but not makking a dent in the balance is teh suck.
Old 05-16-05, 09:31 PM
  #22  
DVD Talk Ultimate Edition
 
buckee1's Avatar
 
Join Date: Oct 1999
Location: Minding the precious things in the Local Shop
Posts: 4,106
Likes: 0
Received 0 Likes on 0 Posts
It wasn't a requirement for our purchase but we did it anyway. Actually, our realtor recommended having it done for all the reasons stated above. In our favor, the house is new and only had one previous owner. So, we made out. But you never know.
Old 05-17-05, 05:51 AM
  #23  
DVD Talk Hero
 
jfoobar's Avatar
 
Join Date: Jun 2000
Posts: 40,015
Received 332 Likes on 215 Posts
It never occurred to me, my wife or our realtor not to have our home professionally inspected when we purchased. I cannot imagine purchasing a home and not having it done.

We also had a warranty thrown in for the first 2 years gratis and we virtually never used it and did not renew.
Old 05-17-05, 06:18 AM
  #24  
DVD Talk Hall of Fame
 
Join Date: Jan 2000
Location: The Garden State
Posts: 8,229
Likes: 0
Received 0 Likes on 0 Posts
personally not a fan of warranties, but even with an inspection there is no real way to 'kick the tires' on the major systems without spending time in the place during the various seasons. if you can get the seller to pay for one for a year (usually not very expensive) then you should be able to know any issues before the year is up so you dont have a major financial surprise. Major systems stuff can cost a lot and you are plunking down serious cash on the purchase.
Old 05-17-05, 08:26 AM
  #25  
DVD Talk Hall of Fame
Thread Starter
 
Join Date: Apr 2001
Location: East of Ypsi
Posts: 8,901
Received 2 Likes on 2 Posts
They are offering a one year home warranty.

I should find out this morning. :crossesfingers:

Thread Tools
Search this Thread

Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright 2021 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.