Hi there, my fiancé and I want to begin the process of buying our first home after our wedding. What’re some tips and advice for first time homebuyers that anyone could give, that either helped through your process or would’ve had you known before purchasing your first home?

like
Posting as :
works at
You are currently posting as works at

Check out FirstTimeHomeBuyer on Reddit. I just bought my first place, it’s nervewracking but worth it :)

like

Thank you!

like

Related Posts

If I received 2019 income in 2020, do I need to amend my return? I just received a K-1 for a few thousands that is for income earned in 2019. Not sure if I need to amend or if I can just put it in my

likehelpful

Need to urgently find a 500k job. Can't keep up with mortgages with anything less. Any advice?

likefunny

What are some good modern/post-pandemic personal finance books you can recommend?

I contribute 10% of my paycheck to my employee share purchase plan. Is this smart to do given the tax repercussions behind it? Is it smarter to invest less in that and more in my Roth or 401k?

like

Hi,
Anyone has idea about remote consulting opportunities in Kuwait. I mean how doe sthe tax structure work for the location? Would be beneficial if someone could help me understand it better.

like

I want to buy a new home and then sell my current home after we are moved out. Current home is a VA loan, is there any way to buy the second house on a VA loan?

like

I am 25 years old with roughly no savings. I am a consultant with a technical background. Are there any tips in side jobs/ways to make more money for savings?

like

My boyfriend and I make 200K combined and live in NJ. We have $1000 in monthly car payments combined. That’s all we owe. Our credit scores are in the 800s. We have 50K to put down on a home. We have done the math and I know we can afford much more but he doesn’t want to buy more than a 400K home. I’m almost positive we can afford 500K and be more than ok. But then he starts to talk about how much kids cost and how we will be house poor and we won’t be able to afford kids. 🤔 Am I insane??

like

Anyone who sends some money monthly to their parents in India? If so, how much $/month. I send $2.5K each month but trying to figure out if there are better way to invest that sum here in the US than just to put that money in a Fixed Deposit in India.

like

Planning on opening a Bonvoy boundless chase cc for the 75,000 points and have heard the first year is free. Is that right? If it is, do I still get the 75k? Are the 75k Chase points or Bonvoy points?

Obligatory financial info post. 1) size of firm, 2) billable requirements, 3) salary, 4) bonus, 5) quality of life, 6) debt, and and 7) family/married/single. Go!

like
like

New to NYC and enrolling in wageworks. Should I do the payperride metro card or commuter card -transit ? Not sure which is most typically used? I will probably take the metro 6 times each work week

like

Hi do you interview from time to time just to check what’s your market worth?

like

Taking a personal loan of 20k or more will it affect perm (GC) process?

like

Anyone been able to work from Dubai for a UK/US firm and benefit from no taxes? I know if you are a US citizen you pay taxes where you are globally, but if you are British, then you only pay income tax on UK income - so if you live more than half the year abroad you are classed as non-domicile resident, but wanted to hear if anyone’s done this or heard about it?

like

How to know the GGID for checking final settlement payslip

$TBLT man. Quite the thrilling penny stock.

like

Quick question - my package includes some fixed component for housing. Say if I spend less than that at actuals, I cannot claim the full amount?

Post Photo
like

Hi - any good books recommendations for getting started on real estate investing?

like

More Posts

I'm looking for a new Yoga class to join, does anyone have any recommendations? I'm in the Carlsbad area.

like

Is thought works a good organization to join , in terms of job security and work life balance ?

like

How long it will take to release the offer letter after HR discussion in BOA?My LWD is on Dec 28 will it be able to make it before? Kindly suggest

like

Hi,
what will be the inhand salary after TDS deduction for 16.5 LPA.

No investments nothing.

like

Has anyone got the PDF version of the PMBOK - sixth edition and would be willing to send it to me?

Let’s start this bowl by sharing our learnings: What has been you biggest learning as a leader so far?

like

Anyone successfully take Short Term Disability for mental heath? What did you need to provide?

like

Does anyone here have experience with non-GTS C20 closed work permit visa process from the US? How long did it take to process?

like

Decision Science Opportunity Fractal

Years of experience : more than 5 years

Must skills : Python, SQL, Machine Learning, Analytics, CPG/FMCG, Marketing/Commercial Analytics experience

Good to have skills : Any visualisation tool, Cloud experience

Dm me if interested, share or comment

Post Photo
like

If I’m looking to specialize in data analytics work, would it be more beneficial to get a MS degree vs. data analytics bootcamp?

like

Looking to move to the Dallas Fort Worth area close to June I’m here to network and see it all would welcome me and help me out during my transition

like

I have an Interview with Citi for Angular Developer UI Position, Can somebody please tell me the interview process and the question ask mostly for Angular Developer Position.

Are Bain, BCG, or McKinsey hiring at junior levels for their NY offices?

like

Hi All - I am a strategy consultant with 5.5 years of work experience. Can someone please help refer me to a role outside the MBBs and Big 4s?

like

Hi guys,
How is coforge in terms of wlb,job security
Got selected for one of banking project.
Could you please help with your reviews.

like

Does coforge renegotiate if we show counter offer as earlier they offered very low. ? Remaining joining time is 20 days

When will EY GDS credit the paycheck each month. I joined EY GDS August last week, I heard that they'll usually rollout the paycheck by last working day in the month, but i haven't received my paycheck. Any new joiners who joined August last week/sept 1st week and haven't yet received their salary?

I’ve been on the bench with J1 for about 3 months. I was worried that because I couldn’t find another project, I would get laid off so I found J2, which pays more, is very meeting heavy, but I really like. I’ve kept J1 because I’m still on the bench doing absolutely nothing and getting paid. Thinking about looking for a role on a project with J1 that’s not along my career path but will allow for me to do work with no calls so that I can manage both jobs. Does anyone have experience or advice?

like

What is the best way to reach out after not getting the job to ask for feedback? Do interviewers really ahve time to provide feedback for the candidate they didn't go with?

like

Additional Posts in First Time Home Buyer

Would like some thoughts on a 2-br NYC condo my husband and I are considering. $250K HHI (no kids). No loans or debts, both have newish cars fully paid off.

Offer would be for $725K, with 10 percent down. 30yr mortgage @5%. We would need to include closing costs in the mortgage, to keep about $10k liquid. Monthly costs will be about $5k.

This unit is special, very rare (we’ve rented in the area for 10 yrs and know the local market well). Should we go for it?

like

Is buying fancy condos with high HOA(>$1k) worth it?

like

With interest rates between 6.5% and 7.5%, it is safe to say that buyers are slowing down in their search.

I am a real estate agent who is in the process of closing on her first home. We offered $15k under list and asked for closing costs to be paid for. Granted, this is in a very small rural town; however, just know... If you have been looking for a home for the last 2 years and have not had great luck, now is the time to take advantage of the changing market. You can refi when rates drop.

like

Seeking some advice for home buying. Went under contract on a new construction back in March, was originally supposed to be ready in August but has been delayed until November. I’ve began getting quotes for mortgage rates through lenders and the best I’ve seen so far is 5.75% (excellent credit, dp at 10%) at a 60 day lock. Debating if I should test my luck with the market to see if rates will drop or if I should go ahead and lock my rate in before Rates increase even more

like

My partner bought a new truck earlier this month. We’re hoping to joint-purchase our first home next spring. Is there a “best” time to get pre-approved for a mortgage? When should we start the home buying process?

So far we’ve kept our head in the realtor apps to see what the market is doing.

Rent just went up, pressure is on!

like

Asking for help! For a farmhouse-style vibe would pulls or knobs look better on cabinets and drawers? Included two photos from Home Depot. I'd be getting black either way and the cabinets are going to be a sage green-ish color. Thank you for the input anyone (:

Post Photo
like

Anybody here a FTB in London, UK?
If so what kind of mortgage rates are you expecting?

If I see one more article on how millennials are ruining the economy or housing market by not buying enough homes or selling enough homes I'm going to scream. We were saving for 3 years before Covid and had to use a solid chunk to take care of ourselves and our families during quarantine. Now that we're ready to save again inflation and COL are at an all-time high and we're headed into a recession. And somehow this is my fault for what...not being a boomer? Bffr.

likehelpful

Anyone here willing to connect/talk about buying a house in Toronto. Would really appreciate it. I am just overwhelmed thinking about it and not taking any action.

What do you wish you knew before you began the home buying process for the first time? What would change if you could go back to the beginning of the process?

like

Hi all! First post here: my husband and I are thinking of getting solar panels and battery storage but have some sticker shock (would require a sizable loan). Anyone in a similar boat and how has the experience been?

like

Plan is to purchase some time after 2 years or so. Primarily to save up for a larger down payment.

Here’s my plan of attack:
- $30K saved right now ($20K in IBonds and $10K cash)
- $90K saved by July 2023
-$130K saved by 2023 and target a $800K home

Location: Suburbs of Boston, MA

like

Any recommendation for best brokers / banks for jumbo mortgage rates? NY metro area. Was quoted ~5.6% last week from Guaranteed Rate, but not sure if they’re brokering or lending themselves. If the former, I’d think I could find better rate going direct to lender.

How much is 2k a month for a house payment? What size loan would I be able to get?

like

Buying new home first time in Austin, what you recommend to do 10% down payment or 20%. If I do 20% then saving around 60k in a year. Considering inflation is coming and house prices is going down day by day.

like

I went from making $70k the last 7 years to now started a new job a month ago making $130k plus $10k bonus every year, and $60k in RSUs. I have $70k in my 401k and around $50k in savings. Want to get out of the Silicon Valley which has been home my whole life and buy in TX or AZ a ~$400k house. I have about $20k in student loans which my dad has offered to pay (wants to make up for never supporting me) but I’m waiting to see what Biden decides for student loans. Is this feasible? Credit is ~615

like

Any recommendations for buying agents in Massachusetts?

like

Any recommendations for a good water softener/filtering system which keeps the overall salt level low post-softening ?

like

I am brand new to the process and keep hearing conflicting reports. Should I be waiting out the market? Or is this the perfect time to buy if you can? I don't trust all these realty sites telling me I should buy now.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal