thinking of buying a house- please give me your advice!

dillie ↓

Thu, May 01 2008, 8:29 pm

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Last edited by dillie on Tue, Aug 18 2009, 11:35 pm; edited 1 time in total

chocolate moose ↓

Thu, May 01 2008, 8:29 pm

Do you have a mortgage broker? do you know what you can afford ?

↑ dillie ↓

Thu, May 01 2008, 8:33 pm

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Last edited by dillie on Tue, Aug 18 2009, 11:36 pm; edited 1 time in total

mummiedearest ↓

Thu, May 01 2008, 8:35 pm

it is in your best interest to get a real estate agent to represent you. if you intend to do this, do not go to open houses. legally, the agent who shows you a house has to represent you, so if you go to an open house and like the house you are stuck with that agent.

here's a great website:
propertyshark.com

very useful. also, have a definite idea about how much you're willing to spend on a down payment and how much you can afford mortgage-wise. and when you need one, make sure your real estate lawyer is GOOD.

↑ chocolate moose

Thu, May 01 2008, 8:36 pm

do you know how much you can put down. do you know how much you can afford per month?

are you handy with plumbing and such ?

↑ mummiedearest ↓

Thu, May 01 2008, 8:36 pm

also, be aware of how much closing on a house can cost. closing costs are a deal breaker for some people.

cassandra

Thu, May 01 2008, 8:36 pm

Don't stretch yourself because unexpected costs always arise when you are a homeowner, and they can be a couple of thousand dollars at a time. You are in a perfect position to buy now since you are renter who wants to buy a house in a buyer's market, so go for it!

Tefila

Thu, May 01 2008, 8:37 pm

Imho it is one of the best investments and property in most cases is not going down.
When we first decided on buying we had been married 3yrs why pay rent on a home that is not yours basically flushing it away each month then buy something which will eventually become your own.
I have a relative who purchased home which already had a live in tenant in the basement. If you can buy a home where you can have tennants it could help with a second income.Again look what you can afford, but don't be penny wise and pound foolish it just doesn't pay.
Hatzlacho

flowerpower

Thu, May 01 2008, 8:38 pm

it expensive, the bills dont stop comming,-tax, heat, water....

theres also the closing fee, the moving fee...

hatzlocha!

↑ dillie ↓

Thu, May 01 2008, 8:41 pm

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Last edited by dillie on Tue, Aug 18 2009, 11:36 pm; edited 1 time in total

↑ mummiedearest

Thu, May 01 2008, 8:44 pm

google movers in brooklyn. there are websites which will give your contact info to movers who will email you free quotes.

if you do this, though, do not give your phone number, they''ll call you for three months.

ilovestrollers ↓

Thu, May 01 2008, 8:45 pm

Where in Monsey are you thinking of moving to? Make sure you are familiar with the different areas, and know which part is right for your family.

↑ dillie

Thu, May 01 2008, 8:50 pm

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Last edited by dillie on Tue, Aug 18 2009, 11:36 pm; edited 1 time in total

↑ ilovestrollers ↓

Thu, May 01 2008, 8:51 pm

yes, I'm from monsey. For kid freindly neighboorhoods, wesley hills and new hempstead are your best bet. Forshay is more of an older crowd.

↑ ilovestrollers ↓

Thu, May 01 2008, 8:52 pm

I don't know much about Forshay though, could be some blocks have younger families.

amother

Thu, May 01 2008, 8:56 pm

Estates of Forshay is nice. My parents live in Forshay and it's definitely an older crowd. But on yom tov it's nice because you see tons of strollers and kids in shul from everyone's grandchildren.

zigi

Mon, May 12 2008, 6:45 pm

get an appraiser who will check the structure of the house and wether its in good condition or not, my father said have a lawyer,

greenfire

Mon, May 12 2008, 7:04 pm

make sure there aren't any illegal rennovations and that the house is up to the city code ...

if you don't have that much you can always rent a truck ... otherwise go for the movers ... ditto to the schulgasser bros ...

don't forget a lot of money gets put into any place in the beginning ...

cdawnr

Mon, May 12 2008, 7:10 pm

Get a good inspector to minimize those physical surprises...

And plam to add several thousand in the first few years for repairs or changes...no place is perfect or just how you want it. Even taking down a tree can be expensive.