And You Want to Buy a House Because......

By
Real Estate Agent with Russell Real Estate Services

So, you have decided you want to buy a house.

Good for you!  What helped you make that decision?  You must have put a lot of thought and emotion into it, right?   Right?   RIGHT?

Hmmmm.......well let's see.   "My parents told me that since I am paying $550 a month in rent, I should be putting that money into a house payment instead."  Ok, I get that

"Interest rates are still at historic lows."  Ok, I get that too.Confused

"Uncle Johnny and Aunt Lula bought a house for $15,000 and there was hardly anything wrong with it.  Really? Ok.

"I want to get a dog and they don't allow them in the apartment I live in."  Ok, let's talk about this.

Have you talked with a bank or lender yet?  "No, we just want to see what's out there".  Really, you should talk to a lender first and see how much of a house you can qualify to buy.  You might be surprised.  "I don't think I'll have any problems, my credit score is probably ok by now."    Hmmm......  "Yeah, I got in a little trouble when I quit my last job, but I've been working steady now for four months."   Oh, good, where do you work?  "I'm a sandwich artist and they said I would be going full time next month."

Empty PocketsSo, do you have any money in savings?  "Well, a little."  Do you think you would have enough for a down payment  or closing costs?    "Aunt Lula said I could get all that rolled into the loan."   I see.....

What about money for the home inspection and the homeowner's insurance.......  "Well, I have $125 saved up."

What price range were you thinking about?  "Well maybe around $15,000 to start.....

Let's start over......So, you want to buy a house because?

 

Posted by

 

Mary M. Kandell                                             
ABR, CNE                                               
Russell Real Estate

It Starts With the Heart 
       heart

 

6203 Milan Rd. Sandusky, OH   44870

 419-239-4140  Cell

 mary.kandell@gmail.com

 

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Rainmaker
685,037
Cara Marcelle Mancuso
Long Realty - Dove Mountain, Marana AZ - Tucson, AZ
Call a Marana neighbor, I'm THERE! LONG REALTY

Hilarious.  I'm sure we've all received these phone calls!  That's why it's wise to pre-qualify your buyers with a few little questions before you waste your time!  Thanks for the humor.

Jan 07, 2011 03:40 AM #1
Rainmaker
205,310
Mary M. Kandell
Russell Real Estate Services - Sandusky, OH

Thanks for reading.  I'm a brand new blogger just this week.  Glad someone found me!

Jan 07, 2011 04:45 AM #2
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Rainmaker
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Mary M. Kandell

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