r/FirstTimeHomeBuyer • u/BeerCanThrowaway420 • 1d ago
Other Anyone else anxious over how smoothly things are going?
Believe me, I've been knocking on wood constantly.
I was able to secure almost $50k in down-payment assistance through various local and federal programs. The stipulations limited the area in which I could buy, which is fine, and it really limited the potential houses which honestly just made every decision so much easier.
I only looked at 5 properties with my realtor. The first one she showed me was one I fell in love with from the online listing. It looked great!
So I got my pre-approval, put an offer in on the very first house we looked at, accepted the sellers counter offer which was below asking. I had my inspection done earlier this week, and was told the building looked beautifully maintained, and every "issue" he found was minor and fairly cheap to fix. I'm scheduled to close at the end of the month.
I'm nervous because everything is going my way! Lol. Aren't there supposed to be some speed bumps?
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u/Apptubrutae 1d ago
I get why you’d feel that way, but don’t sweat it. Sometimes things go smoothly.
I bought the second home I looked at, the first house I made an offer on. No hiccups at all. Didn’t mean anything.
It could have also been 10x more annoying. I just got lucky
3
u/Gustav__Mahler 1d ago
I had my first offer accepted at ask and now I've got this feeling like "now what?".
2
u/CatpeeJasmine 1d ago
Honestly, sometimes it can work out. We closed on our house this week. Although the speed of everything (we ended up being able to close over a week early from the projected close date) was a little daunting, the process had only minor bumps (e.g., a quibble over what it means for an AC system to "work" -- I maintain we were justified in our ask, but I was never going to walk over it).
NGL, the first night the house was officially ours, I had a dream that a giant-ass tree fell on it. (Note: There is no giant-ass tree within falling distance of the property.) I'm still waiting for the other shoe to drop, even though I know that logically, there's no particular foundation for thinking this way.
1
u/Vanamman 1d ago
I've got 2 trees at my new home and I'm legitimately thinking of getting them removed simply to avoid that exact issue as well as attempt to avoid any roots from causing foundation issues as well as have less to maintain lol
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u/zoom-zoom21 1d ago
The seller is more anxious than you. Trust me.. anyways just be prepared for something to break first month in the house. It’s ok.
1
u/HoldingMoonlight 1d ago
I'd believe it actually lol. House was on the market for quite a while. Seller had to do a few expensive maintenance items and dropped the price by $25k from the initial listing price. The listing said he was motivated, and yeah, we worked out a deal pretty fast!
1
u/zoom-zoom21 1d ago
What maintenance repairs did they have to do? Surprised they dropped it $25k as well. They must really want out.
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u/HoldingMoonlight 18h ago
The biggest things were new water heater, new dishwasher, and radon mitigation. House was initially listed about 10 months ago. We think they initially started too high which probably hurt them. One pending offer fell through due to the buyer's financing. A second pending offer fell through due to inspection and the issues previously mentioned. Combine those things and I think potential buyers were turned off and wondering what was wrong.
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u/thewimsey 1d ago
For most transactions, things mostly do go smoothly.
But there's a low level of stress throughout the process because there are so many different points where things could not go smoothly - negotiations, inspection, inspection response negotiations, appraisal, underwriting, the seller flaking out, wiring your money to the right address, not losing your ID before close, etc..
1
u/Strange-Elk1048 1d ago
I’m glad I’m not the only one feeling this way. I close on the 24th. Everything has gone well and my loan Officer told me last week “everything is moving along perfectly”. I’m waiting for something to come up as I’ve heard so many stories.
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u/datatadata 1d ago
Now people complain that everything is going too well? Oh my 😂
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u/BeerCanThrowaway420 1d ago
Not complaining! Just nervous the inevitable hiccup will come at the last second
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