Recruiting Forum Football Talk II

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#111,751
#111,751
chargervol said:
Not meant to overstep, a few things I picked up over the years.

If you're still looking, location!
Can be a hassle but with a good foundation, everything on a house can be changed. But you can't change your neighborhood or your view.

If the house is chosen, set the amount you want and an amount you just shouldn't go over. Don't get swept up in bidding and go over, never worth it in the long run.

Don't end up with a higher interest rate or questionable line items just because someone in the process pushes you towards a certain lender for convenience or familiarity with a current lender.
Click to expand...

All of this is good advice. Especially for first time buyers. Also, ask a lot of questions (of both lender and real estate agent) and find a good inspector.
 
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#111,752
#111,752
chargervol said:
Not meant to overstep, a few things I picked up over the years.

If you're still looking, location!
Can be a hassle but with a good foundation, everything on a house can be changed. But you can't change your neighborhood or your view.

If the house is chosen, set the amount you want and an amount you just shouldn't go over. Don't get swept up in bidding and go over, never worth it in the long run.

Don't end up with a higher interest rate or questionable line items just because someone in the process pushes you towards a certain lender for convenience or familiarity with a current lender.
Click to expand...

The wife and I pretty much have our mind made up on the area of Knoxville we want to live in as well as a price range. A big factor that has an unknown time element is me finding a job. We will be living with her folks until I find a job. Saving up for a nice down payment on the house. Wife thinks it's too early to start looking for a house and speaking with lenders with what we could do as far as a loan. I think we need to start now even though me finding a job changes everything monetarily.
 
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#111,753
#111,753
chargervol said:
Yeah, I'm caught up now, my bad y'all.
Here, I'll teach me a lesson







Click to expand...


Don't do that to yourself!














We got ya fam.
tenor.gif
 
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#111,754
#111,754
franklinpence said:
All of this is good advice. Especially for first time buyers. Also, ask a lot of questions (of both lender and real estate agent) and find a good inspector.
Click to expand...

Yep, this will be our first house. a lot of different loan types that can be a little confusing. A great friend of mine will be our agent and we will have to check out different lenders. My father has built homes for years so he will be a great source as far as inspecting houses goes before paying for an inspector.
 
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#111,755
#111,755
zhangliao04 said:
Yep, this will be our first house. a lot of different loan types that can be a little confusing. A great friend of mine will be our agent and we will have to check out different lenders. My father has built homes for years so he will be a great source as far as inspecting houses goes before paying for an inspector.
Click to expand...

What you want to do is shop for used trailers. That's where the bargains are at.
 
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#111,756
#111,756
zhangliao04 said:
The wife and I pretty much have our mind made up on the area of Knoxville we want to live in as well as a price range. A big factor that has an unknown time element is me finding a job. We will be living with her folks until I find a job. Saving up for a nice down payment on the house. Wife thinks it's too early to start looking for a house and speaking with lenders with what we could do as far as a loan. I think we need to start now even though me finding a job changes everything monetarily.
Click to expand...

Wife's right bud. Until you've got the new job (and a few paychecks in the bank) I wouldn't waste time talking to lenders. Now talking to a realtor and starting to comb the area is smart. Most realtors have a working relationship with certain lenders which also can help when it does come time to talk financing. The realtor can help go to bat for ya a bit there.

As a buyer you absolutely should find & use a realtor, the seller pays all the commission cost. But until you're ready to make an offer I think talking to a lender isn't useful yet, since you don't have the new job or down payment ready. My 2 cents, have bought & sold about 4 times now.
 
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#111,757
#111,757
zhangliao04 said:
Yep, this will be our first house. a lot of different loan types that can be a little confusing. A great friend of mine will be our agent and we will have to check out different lenders. My father has built homes for years so he will be a great source as far as inspecting houses goes before paying for an inspector.
Click to expand...

A couple of the biggest risks are unseen termite or rot damage. Huge expenses that are easily hidden.
Little trick that may sound weird but can really help. Take your palm and lightly bang on as much wall and ceiling footage as possible. Any significant hidden damage and you will hear debris particles fall or feel a give in that area.
Huge warning sign and it's free/easy to do.
 
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#111,758
#111,758
WBO said:
Spent time in Texas in advanced flight training. Drove in from Pensacola and drove out 9 months later to San Francisco. Not a fan, although Austin is ok as a college town and San Antonio's riverwalk is cool. It's just that they take such pride in being really stupid. To quote Jerry Jeff Walker: My favorite place in Texas is right in the middle, that way, no matter which way I go, I'm leaving Texas.
Click to expand...
I didnt say i liked it. I said the economy was strong.
 
#111,760
#111,760
chargervol said:
A couple of the biggest risks are unseen termite or rot damage. Huge expenses that are easily hidden.
Little trick that may sound weird but can really help. Take your palm and lightly bang on as much wall and ceiling footage as possible. Any significant hidden damage and you will hear debris particles fall or feel a give in that area.
Huge warning sign and it's free/easy to do.
Click to expand...

Meant to add, don't be fooled by newer construction. The biggest draw for termites is builders burying scrap wood when they backfill.
And probably half of all leaks are a result of a mistake when the roofing is being applied originally.

7 months, 7 years or 7 decades old, water and insects are indifferent.
 
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#111,761
#111,761
MoCo_Vol said:
Wife's right bud. Until you've got the new job (and a few paychecks in the bank) I wouldn't waste time talking to lenders. Now talking to a realtor and starting to comb the area is smart. Most realtors have a working relationship with certain lenders which also can help when it does come time to talk financing. The realtor can help go to bat for ya a bit there.

As a buyer you absolutely should find & use a realtor, the seller pays all the commission cost. But until you're ready to make an offer I think talking to a lender isn't useful yet, since you don't have the new job or down payment ready. My 2 cents, have bought & sold about 4 times now.
Click to expand...

Exactly what my realtor friend told me. Until we have the down payment we would be looking at houses in the area, what type they are, amenities they have, seeing how the sell, and then once time comes we would have a library of info to use for us.

chargervol said:
A couple of the biggest risks are unseen termite or rot damage. Huge expenses that are easily hidden.
Little trick that may sound weird but can really help. Take your palm and lightly bang on as much wall and ceiling footage as possible. Any significant hidden damage and you will hear debris particles fall or feel a give in that area.
Huge warning sign and it's free/easy to do.
Click to expand...

I will have to keep that in mind, thanks. Because the area we are looking at has water around it. Water damage/poor foundation is something to really look at I'd assume.
 
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#111,762
#111,762
zhangliao04 said:
Exactly what my realtor friend told me. Until we have the down payment we would be looking at houses in the area, what type they are, amenities they have, seeing how the sell, and then once time comes we would have a library of info to use for us.



I will have to keep that in mind, thanks. Because the area we are looking at has water around it. Water damage/poor foundation is something to really look at I'd assume.
Click to expand...

Yep, you want to be able to put in an offer before you leave the house if it's "the one" so best to wait to talk to a lender until all the ducks are in a row. Worse thing that can happen is be under contract -hoping- you get a job OR save the down payment in time for closing.
 
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#111,764
#111,764
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