Top 10 Things I Wish Someone Would Have Told Me When I Bought My First House

Reblogger Vickie McCartney
Real Estate Agent with Maverick Realty

Perfect post for a consumer thinking about buying their own home!  Now this post just tells it like it is!  Thanks Janet for sharing this with us in the rain! 

Original content by Janet Guilbault NMLS #238304

 1.   You are 25 years old. In 15 years, you will be 40 years old. Wouldn't you like to have this house paid off and be only 40 years old?

2.   The price of buying a FIXER is you have to LIVE in a fixer, and be chained to it on weekends (when you should be out having fun) You are only young once.

3.    You can change the ugly carpet, but you can't change the ugly location.

4.    Buying a house should be about making memories, not making money.

5.    Believe it or not, the real estate agent knows more about real estate than you do.

6.    Buying a house is like having a baby. You forget the labor pains the moment you see the baby.

7.    Getting the house before the financing is like getting the cart before the horse.

8.     Your friends are just jealous.

9.     Is this house REALLY worth the commute to your job?

10.   Psssst! It costs more than just the payment to have a house, and the yard doesn't take care of itself, either.

 

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Rainmaker
1,533,800
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

Those are really good points, and each one could be a post unto itself!

Mar 29, 2010 05:13 PM #3
Rainer
178,223
Birmingham Alabama Real Estate, Stephen Wolfe
LivingInBirmingham.com - Birmingham, AL

Glad you re-blogged this Vickie. (and glad you wrote this Vickie!) Georgina has it right, each of the could be a post within itself. When I bought my home, I was not a real estate agent. Two things I did not realize that I do now. One, use a buyers agent! Two, get a home inspection! WOW! Did I ever learn my lesson the hard way!

Apr 06, 2010 01:34 AM #4
Rainmaker
330,507
Rosalinda Morgan
Brookville, NY
"The Rose Lady"

Vickie - Great points to remember.  I bought my house 31 years ago as FSBO and no inspection.  But the location is great and we made lots of happy memories.  No regrets.

Apr 07, 2010 03:26 PM #5
Rainmaker
545,327
Jeff&Grace Safrin
F.C.Tucker 1st Team Real Estate - Valparaiso, IN
SpousesSellingHousesTM

Great advice Vicki - thanks for sharing I especially like #1 so true as long as you don't use your equity like an atm machine lol

sincerely,

grace

Apr 11, 2010 01:22 PM #6
Ambassador
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Hi Vickie!  I love this post!  Thanks for re-blogging because I missed it!  And, as Grace said, #1 is SO important to consider.  I have friends, just turned 40, who have been buying up property since they were very young--they are soon to have 6 mortgages paid off and they're nowhere near retirement!  Smart advisor they had, that's for sure!

Apr 11, 2010 04:36 PM #7
Rainmaker
188,793
Christina ONeal
At Home Real Estate Group - Ripon, CA
Realtor - Ripon California

so glad you re-posted this one.  Very funny... :)  Not sure if I could say this to a client (#5)Believe it or not, the real estate agent knows more about real estate than you do.  Maybe someday I will get the guts.

Apr 12, 2010 04:55 PM #8
Rainmaker
1,331,635
Nick T Pappas
Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, @HomesBirmingham & Providence Property Mgmnt, LLC Hun... - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Vickie, great post to re-blog...I'm well acquainted with many of the points mentioned by Janet.  I've owned several "fixers" in my life and made money on all of them...just looked at it like a part time job.

Apr 13, 2010 02:14 PM #9
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Mike Jones
SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) - Tucson, AZ
Mike Jones NMLS 223495

Vickie,

I like #10!  In Tucson, though, it's a lot easier when we have landscaping with crushed gravel instead of grass.

Mike in Tucson

Apr 16, 2010 01:53 AM #10
Rainmaker
271,554
Dave Roberts
Healdsburg Sotheby's International Realty - Healdsburg, CA

That's a great list that I'm going to share with a first time buyer getting ready to make her move. I'm sure she'll appreciate the advice, particularly about jealous friends.

Apr 18, 2010 11:34 AM #12
Rainmaker
766,756
Adam Malachi
A 2 Z Realty LLC - Castle Rock, CO
QSC,CDPE,CIPS,CNE,CRB,CRS,GRI,MRE,SFR

Excellent post! Very good points!

Thank you very much for sharing.

Adam

Apr 21, 2010 03:32 AM #13
Rainmaker
500,822
Daniel J. Brudnok, REALTOR
Berkshire Hathaway Home Services Fox & Roach, REALTORS - Exton - PA License #RS-225179-L / Delaware License #RS-0025038 - Downingtown, PA
SRES, e-PRO,ABR,GREEN,CSP

Janet,

Once our part of the job is done, the new Buyer(s) work has just begun.....LOL

Apr 25, 2010 04:00 AM #14
Rainmaker
642,606
Dawn A Fabiszak
Private Label Realty ( Denver metro area, Colorado - Aurora, CO
The Dawn of a New Real Estate Experience!

Vickie ~ that sure was a cute re-blog.  Every point made me smile

 

 

 

 

 

 

Vickie~ that was a very cute re-blog. It made me smile, all 10 points!  Thanaks

 

 

 

 

 

 

May 06, 2010 12:47 PM #15
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Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Vickie I too shook my head all the way through all 10 points.  We all have things we wish we could change.

May 06, 2010 04:23 PM #16
Rainer
478,183
Not a real person
San Diego, CA

If only everyone would get back to #4, I think the real estate market and the general economy would be the better for it.

May 11, 2010 05:58 PM #17
Rainmaker
195,296
Tony Orefice
Wilkinson ERA/www.TonyORealtor.com - Concord, NC
Realtor/Harrisburg NC,Concord NC

Hi Vickie,

thanks for the repost! I couldn't agree with these points more!

May 14, 2010 05:37 AM #18
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Ellie McIntire
Ellicott City Clarksville Howard County Maryland Real Estate - Ellicott City, MD
Luxury service in Howard County & Catonsville

Too funny. I used number 6   "Buying a house is like having a baby. You forget the labor pains the moment you see the baby." just this week. My single young client gave me the puzzled look! I guess actually experiencing labor helps!

May 14, 2010 10:00 AM #19
Rainmaker
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Lori Cofer
Beasley Realty - Moscow, ID
REALTOR, Moscow Idaho Real Estate

Vickie ... thanks for reblogging this because I missed it!!!  All good points!!!

Jun 05, 2010 06:37 AM #20
Rainmaker
1,116,534
Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

I was fortunate that the person I bought my first home with was previously a Realtor in Texas and had bought many homes as an investor.

Jun 14, 2010 04:46 PM #21
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Stanton Homes
Stanton Homes - New Home Builder - Raleigh, NC
Design/Build Custom Home Builder in North Carolina

If you can afford a few hundred dollars more a month, you'll save many tens and possibly hundreds of thousands of dollars by the time you pay off that 15 year mortgage.  What a way to invest....

Aug 09, 2010 08:56 AM #22
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1~Judi Barrett
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Vickie,

These are great talking points when visiting with first time home buyers especially.

Thinker statements.

Oct 13, 2010 02:03 PM #23
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Vickie McCartney

Broker, Real Estate Agent Owensboro KY
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