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first timers

Owensboro, KY

#1 May 6, 2013
Anyone have advice for first time buyers?
Yep

Earlington, KY

#2 May 7, 2013
Most the trash on here aren't buying houses. Lol. First don't rush into anything. Take your time. Find a realtor not trying to pressure you if you decide to buy a realtor listed house. Make sure you're not getting into a house you can't afford just because they may give you the money for it. You don't want to be house poor. Trying to stay in a house broke all the time. Look into flood plains as you will be required to have flood insurance. Sometimes its stupid. Just don't rush into anything. Good luck to ya. It can seem stressful and overwhelming, but its totally worth it
first timers

Owensboro, KY

#3 May 7, 2013
Thank you. I know this site is trash but I thought maybe someone would actually use it for what it's meant for lol. I am just stressed out and terrified beyond belief.
Yep

Earlington, KY

#4 May 7, 2013
It is stressful. I won't lie to ya there. Like I said relax and don't let yourself be pressured into anything. Once its all done and you close and everything, you'll feel good about it. Then the stress is moving lol. Its really only stressful because its new to you. I was the same way. But now I know what to expect. You'll be fine as long as you know what you can afford. You don't want your house to be a burden on your life. Thats how so many people get into financial trouble. You don't need to impress. Whats more impressive nowadays is not having to much debt in my opinion
also

United States

#5 May 7, 2013
Look for a house that was recently the site of a murder, mass murder if possible. You can usually get a really good deal on those, especially if you can find bloodstains or maybe knife marks in the wall. Plus it adds character to the house.
advicegiver

Newburgh, IN

#6 May 7, 2013
I would definately find a good reputable realtor. Once you have decided you have found the house you want I would have it checked out by reputable trades people. Plumber, Electrician, HVAC etc. Ask lots of questions and make sure you are aware of the overall condition of the house you buy before you buy it!

I have personally dealt with Jay Velotta and Gary Maglinger and have been extremely pleased with both.

MLB Home Inspections does a really thorough job, but I would definately call out individual trades people as well/

Now is a great time to buy, with interest rates at an all time low. Good Luck
Hillbilly Jim

Saint Charles, KY

#9 May 7, 2013
Prices are up 17% the last 2 months. Bad time to buy.
Wow

Tucker, GA

#10 May 7, 2013
I luv buying a house
really

Owensboro, KY

#11 May 7, 2013
also wrote:
Look for a house that was recently the site of a murder, mass murder if possible. You can usually get a really good deal on those, especially if you can find bloodstains or maybe knife marks in the wall. Plus it adds character to the house.
I heard someone bought Gabe's Tower. Maybe they couldn't afford a real house.
a person with sense

Princeton, KY

#12 May 7, 2013
first timers wrote:
Thank you. I know this site is trash but I thought maybe someone would actually use it for what it's meant for lol. I am just stressed out and terrified beyond belief.
I highly recommend brenda loyal with century 21. We used her last summer and she really looked out for us and for our needs. Second, decide how much you want your mortgage to be and stick with that because the bank will qualify you for quite a bit more. Dont be tempted by looking out of your price range. The best deals for your money are probably gonna be outside city limits. And last, go with your gut when choosing your house. You will know when its the one!!
no realtor

United States

#13 May 8, 2013
I would highly recommend no realtor when buying. Using a realtor will lessen your chances of being able to talk the seller down as the seller pays a percentage (usually 6%) to a realtor. Most sellers won't lower the price off the asking price AND pay a realtor 6%. Look on your own! Any questions you might miss can be asked later. Plus an appraisal and inspection will be ordered by the bank before they loan you the money.
first timers

Tucker, GA

#14 May 8, 2013
Thank you all for the advice.
You Need A Realtor

Tucker, GA

#15 May 8, 2013
To "no realtor" you're an idiot! You actually should use a realtor as they can research what has sold in the area you're buying and help negotiate a lower price. The "For Sale By Owner" seller for the most part has no idea if their home is priced accordingly and may be asking way too much for their home and does not have to disclose defects regarding the home. And an inspection is not ordered by the bank before they loan you money! That's the dumbest thing I've ever heard! You will need home inspection, pest inspection and appraisal money up front depending on what type of loan you get. Oh yeah, and you'll need to get yourself pre qualified for a loan before making offer! The sellers may require to see your bank or mortgage co loan commitment letter with your offer. Hope this helps and don't listen to the moron that said to not use a realtor. They're a little mentally challenged. Lol
No real estate agents

Owensboro, KY

#16 May 8, 2013
I tried to buy a house through a real estate agent, but he ended up selling it to someone else for less, because he thought I wasn't serious. He only showed it to me once, and when I asked to see it again, he couldn't be bothered. Real estate agents in Owensboro tend to be very lazy and not put any real effort into selling houses. They treat it like a hobby, and only take whatever income falls into their laps without effort. If you list your house with a real estate agent, it's likely to sit on the market for a long time, waiting till someone finds it by random chance and tries to convince the real estate agent to sell it to them.

But if you do get a real estate agent, the way to get one is to list your house for sale by owner. That will bring the real estate agents to your door, because they consider it a special challenge to get contracts with people who have their houses listed FSBO. They will compete with each other to get your listing, even if they never actually sell the house. Don't go with the first one who gives you a good deal on the contract terms, because another will give you a better deal the next day.
You Need A Realtor

Tucker, GA

#17 May 8, 2013
Well now there's another moron! Lol. That's the biggest crock of crap I've ever heard "No real estate agents" I know several realtors who HATE & NEVER try to get fsbos! The realtors I know work very hard for the little amount of money they make and take their jobs very seriously. There's lazy people in every job field and it seems you just got hooked up with the wrong one. My realtor friends have been through so much crap and treated like crap by so many ignorant people like yourself. I challenge you to go to school, get your real estate license and try to make a living at it and post back on here your experience. Have a great evening! I'm done reading this crap! Lol
agreed

Owensboro, KY

#18 May 8, 2013
no realtor wrote:
I would highly recommend no realtor when buying. Using a realtor will lessen your chances of being able to talk the seller down as the seller pays a percentage (usually 6%) to a realtor. Most sellers won't lower the price off the asking price AND pay a realtor 6%. Look on your own! Any questions you might miss can be asked later. Plus an appraisal and inspection will be ordered by the bank before they loan you the money.
I agree...there are plenty of for sale by owners...i use the app called zillow. You can filter by price,bdrm,bth and then u pick the area by a google map plus pictures. That way you can view before so u dont waste ur time. Be sure its perfect for u an ur family. Dont let it overwhelm you..its only exciting that its new to u. Take that leap.make ur payments an enjoy whats urs.....LIFE in a new home.
first timers

Owensboro, KY

#19 May 8, 2013
agreed wrote:
<quoted text>I agree...there are plenty of for sale by owners...i use the app called zillow. You can filter by price,bdrm,bth and then u pick the area by a google map plus pictures. That way you can view before so u dont waste ur time. Be sure its perfect for u an ur family. Dont let it overwhelm you..its only exciting that its new to u. Take that leap.make ur payments an enjoy whats urs.....LIFE in a new home.
I have actually been on that site. Thank you.
You Need A Realtor

Tucker, GA

#20 May 8, 2013
Sites like zillow pull information from the property valuation office and don't keep their sites updated. Good luck with some of the idiotic advice you're getting from the morons that think they know everything! Lol
home owner

United States

#21 May 8, 2013
Use a realtor for legal purposes and also purchase title insurance why if someone owes taxes on the property or has a lean or any type of debt held against the house and you purchase the home it will be taken from you even though it wasn't your debt but title insurance makes sure that wont happen
No real estate agents

Owensboro, KY

#22 May 8, 2013
home owner wrote:
Use a realtor for legal purposes and also purchase title insurance why if someone owes taxes on the property or has a lean or any type of debt held against the house and you purchase the home it will be taken from you even though it wasn't your debt but title insurance makes sure that wont happen
You don't need a real estate agent to purchase title insurance. You can purchase it yourself, without a real estate agent. Real estate agents are just obstacles. Everything else you can learn yourself from websites and books. The loser real estate agent posting in this thread is an example of the kind of person you don't need. The kind of person who kills deals by being careless and lazy. And when you find out they're just an obstacle, you can't even fire them, till your contract expires.

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