Cordell Posted November 3, 2011 Report Share Posted November 3, 2011 I will start by saying that I am not going to air my dirty laundry in this thread, I have made poor finacial desicions and I'll leave it at that. What I would like to do is get pointed in the right direction towards home ownership. I got in over my head 10 years ago when I bought my first home, so it was sold shortly after and I barely broke even. Being older and more experienced my wife and I have improved our money management, without any unsecured debt at all. So whats the best way of getting into the market, should I talk to realtors who are experienced and can help me get started, should I talk to lenders? If so who's experienced helping idiots like me with a crappy credit history? My lease is up around April and will be moving somewhere, hopefully a house, if not somewhere else. The place I've been at for the last 8 years is really going to shit and we need to move on. Thoughts and ideas welcome, fuck the trolling. Quote Link to comment Share on other sites More sharing options...
wagner Posted November 3, 2011 Report Share Posted November 3, 2011 I will start by saying that I am not going to air my dirty laundry in this thread, I have made poor finacial desicions and I'll leave it at that. What I would like to do is get pointed in the right direction towards home ownership. I got in over my head 10 years ago when I bought my first home, so it was sold shortly after and I barely broke even. Being older and more experienced my wife and I have improved our money management, without any unsecured debt at all. So whats the best way of getting into the market, should I talk to realtors who are experienced and can help me get started, should I talk to lenders? If so who's experienced helping idiots like me with a crappy credit history? My lease is up around April and will be moving somewhere, hopefully a house, if not somewhere else. The place I've been at for the last 8 years is really going to shit and we need to move on. Thoughts and ideas welcome, fuck the trolling. Talk to angrybmw on here, he was great do deal with on our house. Start looking online at what you want, and know what you want to spend. If you nead a realtor let me know, ours was great to deal with. Quote Link to comment Share on other sites More sharing options...
gbracing81 Posted November 3, 2011 Report Share Posted November 3, 2011 Talk to a mortgage lender first to see what you qualify for. Quote Link to comment Share on other sites More sharing options...
99FLHRCI Posted November 3, 2011 Report Share Posted November 3, 2011 I have worked with my real estate agent for a long time now. He is selling my parents house. He sold me my first house in 2005. He sold my friend a house about 6 months ago. He is always professional and courteous. He worked with my terrible credit and got me a good deal on my house. He has people that he works with for financing and inspections or he will let you choose your own. Give him a call and tell him T.J. Gerlach sent you. He will get you pointed in the right direction. Good Luck! Bob Price Quote Link to comment Share on other sites More sharing options...
Not Brian Posted November 3, 2011 Report Share Posted November 3, 2011 Yeah talk to Marc Stock and get pre-approved so you know what price range to look for. Quote Link to comment Share on other sites More sharing options...
Cordell Posted November 3, 2011 Author Report Share Posted November 3, 2011 How long does a pre-approval last? or does it expire? I don't want to actually buy something until early spring. Quote Link to comment Share on other sites More sharing options...
Sully Posted November 3, 2011 Report Share Posted November 3, 2011 Talk to Marc (AngryBMW) and get pre-approved. Call Carole Bentley: Keller Williams Consultants 614-389-4404 614-937-3339 carolebentley@kw.com Quote Link to comment Share on other sites More sharing options...
Not Brian Posted November 3, 2011 Report Share Posted November 3, 2011 How long does a pre-approval last? or does it expire? I don't want to actually buy something until early spring. I don't know, I got mine after talking to a realtor and finding a house.. everything was stressful and last-minute for me. I would imagine they aren't good forever since your bank account is static. Make sure you have at least 4-5 thousand bucks in your account. If you parents/friends gift it to you, you'll need to fill out some gifting letter saying something along the lines of "this money is a gift and not to be paid back, it isn't just for the house" along with two previous month statements from that account. Quote Link to comment Share on other sites More sharing options...
Not Brian Posted November 3, 2011 Report Share Posted November 3, 2011 google says they are good for 60-90 days. Quote Link to comment Share on other sites More sharing options...
Linn1647545492 Posted November 3, 2011 Report Share Posted November 3, 2011 Talk to a mortgage lender first to see what you qualify for. Bingo! Quote Link to comment Share on other sites More sharing options...
wnaplay1647545503 Posted November 3, 2011 Report Share Posted November 3, 2011 Mortgage lender as already stated repeatedly. If you dont qualify for a loan of any value, then search out land contracts/ lease with option deals. Theres alot of people looking to do these nowadays as well. Quote Link to comment Share on other sites More sharing options...
Not Brian Posted November 3, 2011 Report Share Posted November 3, 2011 After you find a house make sure you insure it through Grange. Progressive, State Farm, Liberty Mutual, and a few other companies I emailed wanted almost DOUBLE their prices for the same exact coverage. While you're at it insure your vehicles through them. Quote Link to comment Share on other sites More sharing options...
DTA09 Posted November 3, 2011 Report Share Posted November 3, 2011 Talk to angrybmw on here, he was great do deal with on our house. . +10 Quote Link to comment Share on other sites More sharing options...
Sam1647545489 Posted November 3, 2011 Report Share Posted November 3, 2011 See what you can get qualified for first. Once you get that number, look at sheriff sale houses. There are a bunch of houses that people lost and you can pick up a decent house for a lot less and might find one you can move into already with some equity in it. Quote Link to comment Share on other sites More sharing options...
AWW$HEEET Posted November 3, 2011 Report Share Posted November 3, 2011 Agreed, get a hud or foreclosure. Do the work yourself. Quote Link to comment Share on other sites More sharing options...
John Bruh Posted November 3, 2011 Report Share Posted November 3, 2011 haven't you made several posts on here before about never owning a home again, your always going to live in an apartment. Quote Link to comment Share on other sites More sharing options...
,,,,,,comma,,,,,, Posted November 3, 2011 Report Share Posted November 3, 2011 cash Quote Link to comment Share on other sites More sharing options...
Cordell Posted November 3, 2011 Author Report Share Posted November 3, 2011 haven't you made several posts on here before about never owning a home again, your always going to live in an apartment. No, but I've never wanted to rush back into anything. However my wife has decided that she wants a house and since I've gotten about everything I've wanted for the past few years its time to make her happy. So its more for the family then me, but a garage I can work in would be nice. Quote Link to comment Share on other sites More sharing options...
John Bruh Posted November 3, 2011 Report Share Posted November 3, 2011 Agreed, get a hud or foreclosure. Do the work yourself. whats ims trien to du bruh! Quote Link to comment Share on other sites More sharing options...
John Bruh Posted November 3, 2011 Report Share Posted November 3, 2011 No, but I've never wanted to rush back into anything. However my wife has decided that she wants a house and since I've gotten about everything I've wanted for the past few years its time to make her happy. So its more for the family then me, but a garage I can work in would be nice. good searching. what area are you looking for? Quote Link to comment Share on other sites More sharing options...
AJ Posted November 3, 2011 Report Share Posted November 3, 2011 The house next to me is for sale. If you bought it your neighbor is a dick just to warn you. Quote Link to comment Share on other sites More sharing options...
John Bruh Posted November 3, 2011 Report Share Posted November 3, 2011 The house next to me is for sale. If you bought it your neighbor is a dick just to warn you. how much :gabe: Quote Link to comment Share on other sites More sharing options...
Cordell Posted November 3, 2011 Author Report Share Posted November 3, 2011 good searching. what area are you looking for? My daughter is in licking heights schools, so that area is at the top of my list. Quote Link to comment Share on other sites More sharing options...
Rustlestiltskin Posted November 3, 2011 Report Share Posted November 3, 2011 After you find a house make sure you insure it through Grange. Progressive, State Farm, Liberty Mutual, and a few other companies I emailed wanted almost DOUBLE their prices for the same exact coverage. While you're at it insure your vehicles through them. +1 on Grange. I have my house and car insurance through them. Lowest insurance around Quote Link to comment Share on other sites More sharing options...
Green Bastard Posted November 3, 2011 Report Share Posted November 3, 2011 Whatever you do try not to go through one of those rent to own houses, if you do and the people try to rush and scare you into buying it, just walk away, I learned my lesson the hard way, and even though I had mortgage insurance so I don't owe a dime on the house, I racked up other debts tryin to afford something I couldn't. Lesson here for me is from now on buy everything in cash, even my next venture to buy a house will be a fixer upper I can pay cash and own outright. Quote Link to comment Share on other sites More sharing options...
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