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How to buy a House by rustinginautumn

"Be Realistic!"

How I did it: My dad knew of a great deal next to one of his rental properties, and knew that I was looking to buy a house, but that the only way I could afford one was if it was dirt cheap. I asked him to do a walk through with me since he knows more about houses than I do, and he suggested that I offer them an amount much lower than the asking price but take it "as is" since there was no major structural damage. I asked and they accepted. I called the bank and got pre-approved for a loan. From the time I started until the time I closed was one month! Much easier than I ever expected.

Lessons & tips: Make sure you have good credit, use the seller's realtor and lawyer to save time and hassle, and talk to someone you trust that has experience with buying houses.

Resources: My dad and a budget!!!


1 person found this helpful
 

Nov 16, 2011, 06:18PM PST | 0 comments | 18 cheers


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rustinginautumn has gotten 18 cheers on this entry.

 

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