I can't afford what?

By
Real Estate Agent with DeLex Realty

I was a young, 22 year old man thinking about buying my first home.

I was on my way in a career while attending college. It was my "back up" career, being an electrician. I had started working as an electrician at age 16 for Ole's Home Centers. I started out making $5 per hour, not bad as minimum was $3.35.

After high school

I found myself in tremendous credit card debt, I believe it was as much as $1,500. I needed to make some real money and fast, I went back to being an electrician between my college classes and night job as a doorman.

By age 22, I had been "turned out" as a journeyman service technician

I took to electrical contracting and was good at it. By the time I was age 22, I was running my own truck, had an apprentice and was making about $42,000 per year, far better than the national average income and excellent for a young man.

I wanted to buy a house.

My brother sugested a new home as there was a new development going in where we grew up. We went to the sub division and met with the agent at the model. He would not "waste" his time showing me the model he said, "there was no way I could afford it".

I did not buy that home, or any other for several years.

He scared me away. I was just a kid, a kid with a really good job and who could have easily purchased that $100,000 home.

Posted by

James (Jim) Lord

jim@jimlordregroup.com

www.jimlordregroup.com

480-648-3378

Comments (2)

Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

That agent was an a$$.

Mar 14, 2017 03:46 AM
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

Incredible. When I went to buy my first home, I was sent to the REALTOR on floor duty. She was around 60, dressed to a "T", and looking pretty high class. She was very nice, talked for a few minutes, and then asked me how much I wanted to spend. I said, "under $100,000" and she literally laughed and said, "my car cost more than that!" It was embarassing, frustrating, and not quite true though she did have a very expensive Cadillac. 

To her credit, she composed herself and turned into a great agent. She literally spent two hours with me that first day just explaining the process. She showed me close to a dozen houses. I ended up finding the house I wanted in the newspaper but she led me through the entire process and was one of the few agents I actually enjoyed working with.

Mar 14, 2017 04:26 AM

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