Today Chris and I finally closed (meaning, finishing all the paperwork with the bank and getting our keys) on our first home, a 2 bedroom and 2 1/2 bathroom condo. We couldn’t be happier, it is the perfect amount of space for us and in a neighborhood we enjoy.
This process was much different than we anticipated it to be. Even with the advice our parents gave, we weren’t prepared. Hence this blog post came into being, I hope it helps any of you out there that are looking for a home now or in the future. The tips are general enough to apply to people buying a house as well as for people that decide to buy a condo like Chris and I.
1. It is going to take longer than you’d think.
Chris and I started looking for a place mid-to-late April and we were able to purchase our dream condo on October 1. We really thought we would be done by August. For many people it could take a year (though hopefully not).
2. You shouldn’t be too picky (within reason).
We ended up with the place we wanted the most, thank goodness. However, our realtor advised us to put offers into all places that we deem as somewhere we could be happy (even if it doesn’t seem like “the one” right away or requires some work) because there is so much competition in housing that you could be looking forever if you aren’t willing to compromise a little.
3. Just because the place is listed as for sale that doesn’t mean it is actually for sale.
Realtor databases aren’t updated very often, to our annoyance. We attempted to put in offers to multiple places that then ended up already being sold or in negotiations with someone else. Another reason why tip #2 is needed. You can literally go into a place with your realtor and it still won’t be for sale. The system for getting home viewings is mostly automated so if the people that were living there have already moved out then you’ll have no idea what the actual sale status is.
4. You need to be comfortable talking about money.
I have never had to talk about money so much in my entire life. My loan officer asked me for so many documents (bank statements for all accounts over multiple months, investment account records, employment records, previous tax records, forms signed by my boss, etc). I think I sent over 100 attachments over the span of two weeks. It was my least favorite part, it felt like a big privacy violation.
5. You need a stress buddy or something that helps you relax.
I’ve shed a lot of tears these past few months. If it weren’t for Chris I think I would have had a nervous breakdown. Make sure you have someone you can talk to about your frustrations or a hobby that perks you back up before you get started.
Despite everything that I didn’t expect, we ended up with a home to call our own. It was worth it. It was all worth it.
Moving day is on Friday! The picture at the top of this post is from our living room. We can’t wait to share this journey with you all. Make sure you subscribe to our vlog channel as we are going to be uploading daily after the move.
October is starting off pretty amazingly. What are you looking forward too?