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#1
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Re: Looking for some general advice about buying my first house.
Prices in Pittsburgh have been pretty stable so far. They never really went up very much, so they haven't really gone down much either. As a result, sellers aren't really lowering their prices much. You should be able to find something good in your price range though, and not have to worry that a year from now it's going to worth a lot less. Obviously, go for a fixed rate mortgage, and have the house inspected by somebody good.
Look at the comps in the neighborhood, come up with a price you're willing to pay, and don't stray very far from that price. If you don't get that one house, they'll be another one. I'm a real hard ass when it comes to negotiating on houses and I haven't been unhappy so far. I've bought several, and every time I've walked away from a house it's been the right decision and something better has come along. |
#2
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Re: Looking for some general advice about buying my first house.
Thanks for responding mmctrab.
Yeah last year I went looking a lot and I didn't buy simply because I didn't find anything that I felt was perfect for me. I mean I guess I have a laundry list of things that I'm looking for but I'll be more lenient once I'm back from Aussie. I really, really need to live by myself. Anyways, my realtor is actually a close friend of the family so I think she'll be able to do well with the negotiating aspect. She is pretty intent on making sure I get a good deal for whatever I buy. She has definitely told me prices have dropped (it seems that way to me as well because I think prices are different from last year when I looked) and that it is a good market to negotiate in. |
#3
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Re: Looking for some general advice about buying my first house.
shop for the best mortgage before you shop for the house, find one with out pre payment penalties try to avoid high points and fees and so on so u dont fall in love with a place then have to go beg to get approved and have them give you [censored] rates
its good to know the price you can afford and not the payments bc they can always give you lower payment (then u end up paying 10's of thousands more in interest) know that at closing itll be more then just the 10% down there will be a lot of closing costs there will be a lot of other exp. pmi, title insurance,points, fees, moving exp, etc. just research research research make sure its a house thats a good deal and not just one you like, houses are usually the biggest investment in life so treat it as that, i think thats pretty much the basics, somewhat common sense but good to keep in mind |
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