I'm making an offer to buy a house today.

[DarkPhenyx]

May I throw up now, please?

[izzie]

1. Well I have done it nine times in my life and now I rent.

I got so sick of taking care of them. Old age made me go for the ease of not owning anymore.

[DarkPhenyx]

8. Well, there won't be much "care and feeding" on this one.

It's a townhome actually. I was really hoping for a dertached, but other issues directed me this way. It does solve 90% of my short term isssues, adn most of my long term ones as well. In a few years I'll leaave this to my sister and get into a detached. Plans, within plans, within insanity. :)

[dudeness]

2. thats a great sig line..

I really love some of picassos work, in particular some sculptures..

[DarkPhenyx]

7. Yeah, I went through a few sig lines...

...before I stumbled on that one. I've had it a while now and I don't see me changing it any time soon.

Thanks for noticing. :)

[demnan]

3. No, not yet

You have to wait for the settlement day to do that.

[SoCalDem]

4. How true.. Especially when they call you a few hours before closing

and say.."You will need to bring a 'llittle more money' with you to cover the extra costs".. In our case it was almost $3K.. Ever try to come up with $3K in about 4 hours?? It was NOT a pretty picture :(

[DarkPhenyx]

9. If they do that I'll end up renting again.

The money simply isn't going to be there for it and I'll back out of the deal. I've got no problem walking away and trying again in a year.

[SoCalDem]

13. The problem is that some of the money you put down is

non refundable if you back out.. Just keep pressuring the realestate agent to NOT lo-ball it.. They love to do this, so they don't "lose you", and then when they have you locked in, they tell you about the "extras".. They act like people have all this "extra" money laying around..

[DarkPhenyx]

14. I don't see that as a problem really.

Money is just money. There is always more and it beats getting locked into a bad deal. My Realtor is well aware that I have no "extra" money. Painfully aware.

[GOPisEvil]

5. This is just the start.

First comes negotiating with the seller on a price.
Then comes the inspection. I encourage you to attend yours if you are able. It'll freak you out possibly, but it's worth it.
Then you get to ask for a repair allowance. Mine went easy.
Then you wait for the closing.
Make sure you get a 24-hour advance on the amount you'll need at closing, so you're ready. Certified funds, please.

THEN you can throw up. :-)

[DarkPhenyx]

6. OK...

...I'll make sure it's on teh schedule. Thanks for letting me knwo where it fits in at.

Teh inspection isn't going to freak me. I do all my own home repairs so it isn't going to be anythign I haven't seen before. Plus I've already done an "inspection" myself. I'm sure I missed something, but I already know 90% of what needs to be done.

[GOPisEvil]

10. Oh, try to close as close to the end of the month as possible.

It will keep the amount needed at closing to a minimum.

[DarkPhenyx]

11. Duely noted. Thanks

I didn't know about that. Why in the hell would that be the case?

[GOPisEvil]

12. Part of closing costs is paying estimated interest for the first month.

If you close at the end of the month, you'll only have to pay for a few days of interest. My closing was moved to the 7th, so I had to pony up an additional $393. Good thing I had it. :eyes:

[DarkPhenyx]

15. Ow! No kidding.

Even that little amount would be painful to try and come up with.