Buying my first house, give me some advice! - GoFuckYourself.com

Wiggles · 04-10-2006, 05:37 AM

So i am going to the bank later today to get pre-approved for a mortgage. What should I look out for? got any advice on buying? what do I need to ask etc.

Also what type of things must i look into when finding a house i'm interested in, i know to ask about taxes, heating costs, prior work done on the house, but what else?

Thanks

P.S. Buying a house in Canada (just incase mortgages are different in the U.S.)

Basic_man · 04-10-2006, 05:40 AM

Wow. Buying a house probably something very exciting !! I wish you good luck, and post the results here

Wiggles · 04-10-2006, 05:44 AM

its driving me nuts right now, called about 15 different places yesterday and all were sold this week

Yngwie · 04-10-2006, 05:48 AM

well, the bank will have an inspector go check the house outr so he/she will tell you if there is anything wrong with the place. Where you buying it? In Sudbury? the valley?

sweetcuties · 04-10-2006, 05:49 AM

Congrats, one of the best decisions you could ever make! Make sure you get an inspection and read the loan terms carefully. I'd recommend 15yr/20% down. Also, Check out bank reo's and/or hud homes... will save you thousands. I never bought a hud or bank reo, my next investment property will be.

Good luck man!

Wiggles · 04-10-2006, 06:02 AM

Quote:

Originally Posted by Yngwie

well, the bank will have an inspector go check the house outr so he/she will tell you if there is anything wrong with the place. Where you buying it? In Sudbury? the valley?

looking for Sudbury or Copper Cliff, last resort Chelmsford/Valley, my job is in town so I don't want to live on outskirts and deal with the drive, especially the Chemmy drive, no fucking lights on that stretch at night

Yngwie · 04-10-2006, 06:20 AM

well, there are a few in new sudbury for sale. you should check them out if you can. I saw one on Ramsey lake for $1 000 000 lol.. Check out http://www.mls.ca/ to see what's available in your price range.

Ayla_SquareTurtle · 04-10-2006, 07:15 AM

I hope to be doing this soon myself, so I will be watching this thread. Paying rent is like pouring money down a hole.

QualityMpegs · 04-10-2006, 07:37 AM

I'm in the process of getting my first home right now. I got an amazing deal on a beautiful home, but these cocksuckers jerk you around so much. The mortgage brokers and realtors are a buncha crooks. Moving in May 24th. Only thing wrong with the house is it needs a new roof in 2-3 years.

Yngwie · 04-10-2006, 07:55 AM

Quote:

Originally Posted by Ayla_AAA

I hope to be doing this soon myself, so I will be watching this thread. Paying rent is like pouring money down a hole.

I agree. That's why I bought my dad's house. (the house I grew up in)

beckie · 04-10-2006, 08:01 AM

Make sure you get a house inspector before you close on the house. They might find something that the sellers didn't disclose.

Ross · 04-10-2006, 08:10 AM

I just bought my first house 5 months ago. I love it, finally got used to the extra expenses. It was tough at first coz I just lived my life the same way I always did which meant spending money on stupid shit and buying anything I wanted. Then I realised I have tons of extra expenses now and calmed down.

Thats the only advice I could give is to watch your spending in the first few months. After that its easy!

04-10-2006, 05:37 AM	#1
Wiggles Too lazy to set a custom title Join Date: May 2004 Posts: 14,423	Buying my first house, give me some advice! So i am going to the bank later today to get pre-approved for a mortgage. What should I look out for? got any advice on buying? what do I need to ask etc. Also what type of things must i look into when finding a house i'm interested in, i know to ask about taxes, heating costs, prior work done on the house, but what else? Thanks P.S. Buying a house in Canada (just incase mortgages are different in the U.S.) __________________ no sig

04-10-2006, 05:40 AM	#2
Basic_man Programming King Pin Industry Role: Join Date: Oct 2003 Location: Montreal Posts: 27,360	Wow. Buying a house probably something very exciting !! I wish you good luck, and post the results here __________________ UUGallery Builder - automated photo/video gallery plugin for Wordpress! Stop looking! Checkout Naked Hosting, online since 1999 !

04-10-2006, 05:44 AM	#3
Wiggles Too lazy to set a custom title Join Date: May 2004 Posts: 14,423	its driving me nuts right now, called about 15 different places yesterday and all were sold this week __________________ no sig

04-10-2006, 05:48 AM	#4
Yngwie I am an Alien from space Industry Role: Join Date: May 2003 Location: Ontario, Canada Posts: 11,118	well, the bank will have an inspector go check the house outr so he/she will tell you if there is anything wrong with the place. Where you buying it? In Sudbury? the valley? __________________ ICQ: 16544251 - Skype: gator37 @ eastlink.ca - email: yngwie @ isys.ca

04-10-2006, 05:49 AM	#5
sweetcuties Confirmed User Join Date: Feb 2002 Location: Somewhere Posts: 5,859	Congrats, one of the best decisions you could ever make! Make sure you get an inspection and read the loan terms carefully. I'd recommend 15yr/20% down. Also, Check out bank reo's and/or hud homes... will save you thousands. I never bought a hud or bank reo, my next investment property will be. Good luck man! __________________

04-10-2006, 06:20 AM	#7
Yngwie I am an Alien from space Industry Role: Join Date: May 2003 Location: Ontario, Canada Posts: 11,118	well, there are a few in new sudbury for sale. you should check them out if you can. I saw one on Ramsey lake for $1 000 000 lol.. Check out http://www.mls.ca/ to see what's available in your price range. __________________ ICQ: 16544251 - Skype: gator37 @ eastlink.ca - email: yngwie @ isys.ca

04-10-2006, 07:15 AM	#8
Ayla_SquareTurtle Confirmed User Industry Role: Join Date: Sep 2005 Location: 5000 full paysite reviews and counting Posts: 3,550	I hope to be doing this soon myself, so I will be watching this thread. Paying rent is like pouring money down a hole. __________________ gone. long gone. aylasquareturtle .."a"t".. gmail dawt com

04-10-2006, 07:37 AM	#9
QualityMpegs Confirmed User Join Date: Feb 2003 Location: Orlando, Florida Posts: 3,521	I'm in the process of getting my first home right now. I got an amazing deal on a beautiful home, but these cocksuckers jerk you around so much. The mortgage brokers and realtors are a buncha crooks. Moving in May 24th. Only thing wrong with the house is it needs a new roof in 2-3 years. __________________ PAYSITES CATEGORIZED AND THUMBNAILED BY NICHE - 69767780

04-10-2006, 08:01 AM	#11
beckie Confirmed User Join Date: Dec 2004 Location: Michigan Posts: 405	Make sure you get a house inspector before you close on the house. They might find something that the sellers didn't disclose. __________________ Sun Designs xxx icq - 16100431

04-10-2006, 08:10 AM	#12
Ross Ik ben een aap Industry Role: Join Date: Sep 2002 Location: Traffic Force Towers, Canada! Posts: 18,874	I just bought my first house 5 months ago. I love it, finally got used to the extra expenses. It was tough at first coz I just lived my life the same way I always did which meant spending money on stupid shit and buying anything I wanted. Then I realised I have tons of extra expenses now and calmed down. Thats the only advice I could give is to watch your spending in the first few months. After that its easy!