buying a house

United States
July 13, 2010 10:24pm CST
we have been trying to buy a house since this January! It seems like everytime we look at a house, it doesnt meet our criteria. THen we bid on a house and we dont get it because our bid isnt high enough. We need to sell our house too, so we think will try and rent it out since its so hard to sell with the market. I never knew how hard this was going to be. ANyone have this problem or am I alone!
4 people like this
10 responses
@paula27661 (15899)
• Australia
15 Jul 10
When my husband and I got married we had no money saved up at all. We lived in a small one bedroom rented apartment which was where I used to live on my own before we met. We looked at houses but with no deposit to speak of we had no chance! A friend of ours who was in real estate was doing his best to help us but it looked like winning the lottery was going to be our only chance until news came out that the government was handing out $2000 for a first home owner deposit. What a blessing! We managed to buy a rather old place which needed a lot of work for a good price; it wasn’t ideal but we at least got out of the rental trap! We lived in our old house for five years and yes, it was tough because the place was a little run down! We eventually managed to sell it for the land and buy the house we live in now which we love! Sometimes it takes sacrifice and putting up with less than the ideal in order to achieve what we want! It’s tough trying to sell before buying elsewhere. My sister is in this position. She obtained a preapproval from her bank so she knows how much she can spend on another place but if she finds a house she likes she will still have to make an offer subject to sale and if the offer is accepted it does put pressure on selling. Renting the place may be a good idea so that the rent can still pay off the original mortgage.
@celticeagle (119003)
• Boise, Idaho
15 Jul 10
Maybe you need to change your criteria. Are you sure you really want to move? Maybe you are sabotaging yourself for some reason. I don't buy but I recall early on when I bought a house with an ex. It took forever. Every stage took forever. Do you have a real estate agent or are you trying to do it all alone? DO you know anyone who is an agent. We were lucky to know someone. She did everything for free and gave us alot of information. Just an idea.
• United States
15 Jul 10
yell selling the house is the hard part you know have you tryed to look online at defrent auction sites or not its the best way you can get photo of the house you want i know finding the nest house is bad you know but you can give up on your dream huse you got to try and find the oxgen that has the less traffic you know theres a lot of rich peole out there you know so this what you should do ever month their is a pspeacl oxagyen in your town where you find out is at lawyer office or recoe bulid
@blue65packer (11835)
• United States
15 Jul 10
I never have or will buy a house. It has never been my goal. I have friends who had trouble selling their condo. It was on the market for a year and a half. They took a big cut of on what it was worth to sell it! They had to sell because their family has grown! Currently they are looking into maybe building a house. Until they save up more money and make up their minds to buy ot build they are living with his folks! For your problem I think renting would be the best option. The economy is still not where it should be and the houseing market still stinks!
@lacieice (2065)
• United States
14 Jul 10
My house has been on the market for 9 months now, and not one bid. Right after we put it up sor sale, we had 3 people look at it, but nothing happeded. We had two open houses, but no one came. Now, this week, we have had 2 couples come for a showing. I don't think the first couple was very interested, but the second one seemed like a maybe. Now, tonight we're having a third open house, but I wouldn't be suprised if no one came.
• Philippines
14 Jul 10
well i hope you buy a nice and great house for you and and your family.
@derek_a (10902)
14 Jul 10
We moved house last year after two years of our house being on the market. Our first sale fell through due to the credit crunch. What we found that it was too stressful looking at any other houses until we had a buyer for ours and we were reasonably sure the sale was going to go through OK. And that's what we did. We looked in newspapers etc. but didn't go and view any of them because there's nothing worse than find the right house if you can't get it right away! We found a buyer and waited a couple of weeks to ensure that he was serious by having a survey done (which isn't cheap so he must have been serious). Then we looked at about 10 houses altogher and found the perfect one, that we live in now. I have found that selling a home and moving is the one of the most stressful things in my life, and it is best to wait for the right opportunity and make the best of what I have right now as there are some people in this world who don't have anywhere at all to live. I once rented a home we couldn't sell, and I would never do it again, because it got wrecked and I had to spend a lot of money getting it fixed up before I could sell it again for a decent price when the market picked up. The market always picks up in my experience when it comes to property. Good luck. _Derek
• Canada
14 Jul 10
I dont know where you are but here in Canada, our estate market is high. The interests ae low, so a lot of people are buying houses now. Im not selling mine but I remember when we bought 14 yrs ago and I think we must have looked at a 100 houses before we found this one. Funny thing is, the owners told their real estate agent that they didnt want visits for a month as they had family over from another country. We managed to have a look and it was exactly what we were looking for. Its quadruple in price since!!!! The problem now is that houses are so expensive here, its not worth moving anymore if you already have one. Keep looking and dont despair, I believe that if you dont get a house, its not for you. It'll all fall into place when its YOUR house. Fingers crossed you find it real soon and you sell yours also.
• United States
14 Jul 10
I know it is frustrating looking at differnt houses and trying to find the perfect house. I remember my husband and I having the same problems before we bought our house two years ago. The house we live in is not perfect, but we figure once we both get enough money saved up we can change things and make it the way we want to. My husband and I want to paint all the rooms in our house and want to get rid of the old carpeting. We want to replace the carpeting with hard wood flooring. Unfortunately, with the bad economy our finances have decreased a lot. My husband is working partime and his boss keeps on cheating him out of pay. It is driving us crazy. I know our neighbor is having a hard time selling her house as well. She cannot sell right now because it is not a sellers market. I think renting your place until the market picks up is a great idea. Is there anyway possible you could do a lease to buy option where someone can put down a certain amount of money and take part of the rent and put it towards a mortgage. I wonder if you should ask your real estate agent about this.
@lelin1123 (15644)
• Puerto Rico
14 Jul 10
I haven't been trying to buy but have been trying to sell since March by owner. I did not have a bit of traffic. Only realtors were coming to the house to want and sell my house for me. So In May I gave it to a realtor and nothing was happening for the first month but he did say he would sell it within two months. Well low and behold we got a buyer on June 30th. I was in shock that I was going to find someone with the market the way it is. Don't get me wrong I lost money on the sell from what I paid three years ago, but I'm following my heart and that makes me more happy then money. I hope to be closing by the middle of August. I think you may have to go over what your criterias are and narrow it down. If you rent out make sure its people you can trust. I was thinking of going that route but was so afraid because renters do not normally take care of a house as if it was theirs. People who are selling their homes need to realize that the price they want is to high because the house will not get appraised at the price they want. Good luck to you in finding a home and in selling your house.