House Hunting. Are we doing this right? Sorry, this is long.
So, me and my dh have been holding out on buying a house. We wanted to pay off some debt and get our credit in better standing. Well, now we have paid a lot of debt off and we think our credit is pretty good.
Now, I need to know if we are taking the right steps in all this. We have never bought a house before and so we feel a bit overwhelmed. What we are doing first off, is meeting with a lender (May 14th) to see if it is even possible for us to purchase a house, and if so how much house can we get? I spoke to the lender today, and so far it sounds like we can get preapproved for a house in a price range that I had in mind. It is not official, but we have documentation that I think will get us over this hump. I truly think that we will get preapproved for a home loan. We have worked very long and hard for this, and I would be shocked if we were turned down. In fact I think I would be devastated to know that we still had more work ahead of us. This has been ten years in the making with lots of set backs that we've had to overcome.
Anyway, we also have already thought about what would be deal breakers. There are certain things that we HAVE to have or else we don't have a deal. I don't want to just settle for any ole house out there you know? I've lived in apartments for far too long. If I have a house I want certain things to go with it. I just don't feel like I should have to settle in where I live this time, if that makes any sense. I also think the things we are asking for are reasonable and possible. It's not like we are asking for a house with a ballroom or something. LOL. We want air conditioning, and a two car garage. There is more to that list, but you get the idea. It is basic stuff like that.
We have also looked into recommendations for Realtors. For where we live, I think a realtor would help us navigate through each neighborhood. Our town is great and we don't necessarily have a particular part of town picked out. However, the houses are vastly different. We feel like a realtor would be able to take our criteria for what we want in a house and help us find what we want without us having to go all over the place on our own. I know that some people can buy a house without using a realtor, but I really think that we need one.
So to recap, this is what we've done so far. 1) We have our paperwork together to take to a lender to see what we can afford. 2) If we are preapproved then we have a list of things to take a realtor to help us find a house we like. 3) We have a list of housing inspectors to call if we successfully find a house we want and an offer is accepted.
I know that there may be some steps I've missed. My main thing here is that while I am hopeful, I don't want to get my hopes up to be disappointed. We can live where we are currently for a good long while, so it is not like there is any kind of urgency. We can take our time. I just want a house so bad. I've never lived in a house and it has been a big dream of mine for a long time.
Thanks ladies. Any suggestions will be appreciated and helpful.