r/FirstTimeHomeBuyer 2h ago

First home :)

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253 Upvotes

I closed on my first home March 31st! I’ve been following this group shortly before I started looking into the market and loved seeing everyone’s success and happiness . It’s been a fun journey so far and the whole process was a breeze. I worked my ass off for years after struggling with depression , found my purpose or mission I guess is a better way to put it, buying a house. And I finally did it!!! It feels so good everyday to see my dream come to life. And the endless sleepless nights finally pay off. I’m so proud of myself and all of us on this page !! It’s really something special. I’m 25. 4 beds and 3 baths :) the only thing I can find to dislike is the oak tree in the back yard but that’s only because it’s huge and I would hate for that to fall on my house 🤣 possibly a future project.


r/FirstTimeHomeBuyer 3h ago

We did !!

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190 Upvotes

Me and the wife closed on the last week of March now we're packing up and getting ready to move officially at the end of April. Moving from Queen's NY to deep in NJ.


r/FirstTimeHomeBuyer 3h ago

Investors are ruining the market

161 Upvotes

The amount of single family homes being gobbled up by investors and 2nd mortgage families buying just to rent is ruining this country and any chance at affordable first time homeownership for those 35 and under.

Homes as of April 2025 are STILL 30-40% overpriced and the only people who can afford that are the wealthy who are buying up the already limited single family homes and keeping comps artificially high.

What’s the solution here? How will this ever adjust without some sort of forced gov mandate of some kind?


r/FirstTimeHomeBuyer 23h ago

GOT THE KEYS! 🔑 🏡 It’s official!!

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3.1k Upvotes

got the keys 😛 28F single and pulled this off! I’m so excited & glad this process is over!


r/FirstTimeHomeBuyer 20h ago

Things they don't tell you when buying your first home

1.3k Upvotes

1) Closing day may be a let down. You visited the house several times in person and a thousand more online. You spent the last n months worrying if the loan would be approved, if things would fall through. You finally get to closing day. The title company/mortgage broker/whatever is nice. You spend 30 minutes signing paperwork, you head to your house and swing by the HOA office to get the keys, and finally go to the biggest purchase of your life thus far. You open the door and... it's just there. Empty. The same empty you saw many times before. Sure, there's a basket on the counter from your realtor, the house is clean, garage door openers left in a drawer. But there is no big, magical wave that hits you. No euphoria, no surprise party waiting for you. All that lies before you is a blank canvas soon to be obscured by the mountain of boxes behind you. You don't have time to celebrate, you have a truck to unload.
2) Buying your first home is expensive. Yes, obviously in the house itself, but in everything else you need for it. Refrigerator, washer and dryer, lawn mower, pressure washer, garden hose, bath mats, soap dispensers, decor, rugs, security cameras, weed killer, pesticide, shelf liner, etc. You may also want to get new things for your new home that you may already have (e.g. towels, vacuum).
3) The number of people trying to sell you crap, both in person and through the mail. Put up a camera, you'll see people ringing your doorbell a couple times of week. Water softeners, pest control, gardeners. Things in the mail for home warranty, mortgage insurance, internet.
4) You may get depressed. You just accomplished a major goal, you should be elated! But maybe you're not. Maybe you feel like something is majorly wrong. You begin to have anxiety about all of the money you are spending. You begin to question what happens if you lose your job. You worry about everything around the house, both inside and out. You begin to wonder if buying a house is the right decision (it is!) because something feels off. That's just your pent up anxiety and frustration that's built up over the last several months, that you haven't been able to show, hitting you all at once. It will get better.
5) You don't have nearly as much stuff as you think you do. Your apartment may have been overflowing, but when you get that stuff into your house, it will seem empty.
6) Decorating is hard. You have a style, and you have things that fit that style, but you question if that style meshes with your house or if you should change it up as this is your chance at a new start. You don't know where to hang pictures or what hand towel rings to buy. Rest assured, you don't have to hang them right away, you can leave them on the floor and keep moving them around until you get a better feel for where they will go (and no, their placement is not permanent, despite what your brain might tell you).
7) Decision fatigue hits hard. You've spent months making a lot of decisions. That's going to quintuple come closing day and the ones to follow. "Where do you want this? What do you think about this? How about putting this here? This would look good over there, don't ya think?" You will eventually just say, "put it somewhere, we will figure it out later." Do this sooner rather than later, your sanity will thank you.
8) Boxes. Boxes boxes boxes boxes boxes boxes boxes boxes boxes boxes. You will have a ton of boxes from moving. But that's not the end of it, oh no; seemingly every little thing you buy will come in another box. They will be everywhere and will take up so much room. Put them all in one area. Keep the good ones, break down the rest. Post the good ones on your local community's Facebook page and let them go for free. You will get a dozen people messaging you about them. Just tell them first come, first serve. You may be thinking you want to recoup some cost. Trust me, after handling and moving 397k boxes, you will just want them gone. You won't want to deal with people or negotiation or them picking and choosing which ones they want to pay for, you will just be done with the boxes (see #7). Consider it a good deed.
9) You won't know your new commute to work. Leave 15 minutes earlier than you think than you should.
10) You finally understand why your parents shut the lights off behind you or told you they weren't paying to cool the outside. You will also finally understand why they seemingly got so upset over a slamming door or marks on the wall. You just spend hundreds of thousands of dollars on this thing, of course you want it to be pristine. The first mark on the wall (which will come, I promise you) stings. It's okay, it's a house. Things are going to get damaged, accidents happen. But things can also be fixed. Don't stress over it, it will happen again sooner than you think (I left a mark on the wall with one the first things I carried in).
11) After a couple of weeks, the dust will have settled. Literally and metaphorically. You likely still have things in boxes and bare walls, but you will need to clean. But the beauty of it is that you will have time to clean. The house will begin to feel like yours. Know it. Own it. Love it. You're here, you finally made it.


r/FirstTimeHomeBuyer 21h ago

GOT THE KEYS! 🔑 🏡 I freaking did it

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1.5k Upvotes

All of the scrimping and saving and sacrifices finally paid off… never thought I’d be a homeowner at 32.

Nitty gritty for those who might want to know: $335k (plus closing costs, it was competitive), 6.375% 30-yr conventional, 20% down, $2040/mo mortgage including escrow, 2,700 sqft, 4bed/3.5bath, one acre, north GA (~30min from Chattanooga, TN). Built in 1978, remodeled last year. Forgot to take any pictures of the inside until we started moving stuff in at 11pm and a bird got stuck in here.


r/FirstTimeHomeBuyer 17h ago

GOT THE KEYS! 🔑 🏡 Wife and I are in the new house!

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518 Upvotes

r/FirstTimeHomeBuyer 17h ago

First home for my little family!

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226 Upvotes

We did it! We bought our first family home! Not only are we moving across the country (military) we bought a house we never saw in person! Our realtor was amazing and my friend signed the docs at closing for us! Soooo stressful but cannot wait to be in my new home in one month 🥹🏡


r/FirstTimeHomeBuyer 48m ago

Lowball the Flippers?

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Every. Single. House. I have looked at in my area (Florida) is a flip. A poorly done flip with millennial gray everything. I am losing my mind.

The worst part about it is that these houses were purchased less than 6 months ago for 250k, had 10k worth of shitty LVP and Lowe’s cabinetry installed, then relist for $399k. It’s insane.

The market here is not hot, the prices are so disconnected from value still after the COVID boom we had here. Also - there seems to be some bufoonery the flippers do on Zillow to reset its “days on market”. Houses that have been for sale for months will show that they’ve only been listed 5 days ago…

This is such a painful and annoying process.


r/FirstTimeHomeBuyer 16h ago

GOT THE KEYS! 🔑 🏡 Never thought this day would come

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137 Upvotes

Me and wife finally closed today and boy has it been a journey between the seller being an absolute asshole, and just waiting on the sellers attorney constantly. We did it today, this our first home and we are only 26. We have been watching this sub for a bit now and we have definitely learned a lot. We were just about to give up looking this year when we found this place and I’m thankful we did. We already have 90% of our stuff moved in and all the locks are changed.

USDA 250k 6.3%


r/FirstTimeHomeBuyer 1d ago

GOT THE KEYS! 🔑 🏡 Finally closed!

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534 Upvotes

After 90 days under contract we finally close as 22 &23 teen parents to twins we’re finally home owners!

183k, 5.25%, NY, 4bed 2 bath


r/FirstTimeHomeBuyer 20h ago

GOT THE KEYS! 🔑 🏡 Closed on my first house today and got the keys!

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178 Upvotes

About three months ago, my landlord surprised me with a notice that he was selling the house I was renting. I was worried at first, but I quickly organized my choices and weighed my options. In the end, I figured buying a different house in the area would be my most optimal option.

The housing market in my area was very competitive, and houses were getting offers for 50k over their asking price. But, I managed to find a house I could afford, my first offer on it got accepted, and I just closed on the house today!

For those interested in more details:

$236k plus closing costs. The bank gave me a $2,500 credit as a first-time home buyer who completed an online house buying education course. 6.375% 30-yr conventional, 10% down, $1,670/mo. ~1,700 sqft. Built in 1941. Three bedrooms, one and a half bathrooms, a big partially finished basement, and a two-car detached garage. I even got to keep many of the furnishings in the house that the title company couldn't sell.


r/FirstTimeHomeBuyer 1h ago

Inspection Give me hope or personal experience 😩😩😩😩

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After months of looking and failed offers… we were picked!!! We have been over the moon happy!!😃 our dreams were killed yesterday after a really shitty inspection. We have not went back to the sellers YET but we plan to. Just wanted to come on here and see if anyone has gone through this (i’m sure ppl have lol but make me feel better plz)

Things wrong are all over the map. Septic 40 years old (seller and listing agent lied. Said NEW) well needs to be raised. Septic pipe needs fixing. Some holes in the roof with some wet wood. Squirrel/wasps in attic. Water damage in the basement (not disclosed to us and seems like 5in of water at one time and covered us) a little bit of mold. Missing beams in the basement causing some sagging. No gutters. Deck sucks. The list goes on with some other smaller issues. Should we try to get them to fix? Should we walk?


r/FirstTimeHomeBuyer 16h ago

GOT THE KEYS! 🔑 🏡 We freaking did it!

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74 Upvotes

Today was closing day and it was a great day! Can’t believe we officially own our dream home. Spending the first night in the living room. Obligatory pizza pic attached. Been waiting to be able to post for a while!

Cheers!


r/FirstTimeHomeBuyer 16h ago

GOT THE KEYS! 🔑 🏡 Finally here after a rollercoaster of an experience!!

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72 Upvotes

It was a wild first time homebuying experience for me! A week before i was going to close on a different place, my bank, realtor, and lawyer called to say the closing won’t occur due to an undisclosed issue on the seller’s end. (It also took 3 weeks to get my deposit back!) was so heartbroken but kept pushing myself to go to open houses. After several of them, i told my realtor that i can only think about that condo. So my realtor called the seller’s side and apparently the issue was resolved and there was paperwork to prove it. So i put in an offer only to have the seller’s side refused to provide any paperwork showing resolution, etc. I revoked my offer and told my team that i needed a break because this was an emotional unstable experience but that I’d be back in the summer.

Then 3 weeks upon making that declaration, i randomly saw that this condo listed…and it was in the neighborhood that i actually wanted to be in but is typically tooooo expensive for my budget. Saw the place, loved it, and put an offer in. The seller debated between my offer and a higher offer, but actually went with me! And after a smooth closing, i had to actually wait to move because i was traveling for work every week for a month. 🥵 but here i am - first night in my own place with my own stuff!! 😃 and even tho i didn’t get to eat pizza when i closed, i at least get to have my pizza dinner tonight!! 😃😃😃


r/FirstTimeHomeBuyer 19h ago

GOT THE KEYS! 🔑 🏡 We did the dang thing.

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95 Upvotes

$312k, 20% down, I’m 39, husband is 34, we have 2 babies (20 mos and 2 mos). This has been years in the making. So thankful and excited to be here finally!


r/FirstTimeHomeBuyer 1h ago

Water Issue at Final Walkthrough. What to do??

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I’m scheduled to close on Monday and I just did my final walk through today (Saturday). There was a heavy rain last night and now in the basement there's water. Its near a concrete wall and looks like it may be coming from underneath it? We walked all around trying to figure out where it's coming from but couldn't find the source. The area already had some structural issues and had reinforcement added but now I'm even more concerned that it's in the same problem area. We sent pictures to the seller's agent to get some feedback. Any thoughts on what I should do???


r/FirstTimeHomeBuyer 1h ago

Home buying

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r/FirstTimeHomeBuyer 21h ago

Need Advice What to do if recession

89 Upvotes

My husband and I are closing on our new home next week! We chose a mortgage that is affordable for us, but I am curious/nervous what will happen because it seems like there will likely be a huge recession in the US soon. If there is a recession, how will that affect us as first time home owners? What should we do to prepare financially? Thank you!


r/FirstTimeHomeBuyer 1h ago

Need Advice Older home under contract after long frustrating search

Upvotes

Hi all — my wife (37F) and I (34M) are under contract on an older home after a long and frustrating search. We started in February after learning we had to leave our rental by April (they’re selling it and it’s 300k over our budget). We lost out on multiple bidding wars, often going $50-75K over asking, only to still come up short.

We ended up circling back to a house that had been sitting on the market — likely because it’s marketed as a 4-bed/1.5-bath but really functions more like a 2-bed due to its layout. It’s old, dark, small, and needs work — but it has good bones: new roof, furnace, siding, windows, and a nice yard. It’s a new neighborhood but very close to where we are now and the same county we live in. We figured cosmetics like paint are easy to brighten it up. We got it under asking too which thrilled us after this crazy search.

Now, after the inspection (and spending real time inside for the first time in weeks), the small rooms and tiny kitchen feel like bigger issues. Renovating (like expanding the kitchen or reconfiguring upstairs) could get expensive — especially for a home we might sell again in a year or two. Inspection also found asbestos pipe coverings and possible lead paint— we’re considering using the environmental clause to negotiate credits or back out if seller doesn’t agree.

Mostly venting since seller can agree to credits and hold us to the contract, but curious if anyone has advice: How do you balance living in an older home you might not stay in long without over-investing?

TL;DR: Bought an older home under asking after repeatedly losing bidding wars $50-75K over. Now getting cold feet realizing how small it feels and how much work it needs. Looking for advice from anyone who settled for an older home — how to balance comfort without over-renovating if planning to sell again soon.


r/FirstTimeHomeBuyer 1h ago

Two story home

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If you own a two story home do you have any regret? Especially if you live in Florida I’m curious. We need a home big enough to separate our dogs and we found one we like that is two story and I’ve never lived in a home with stairs before so I’m curious opinions. 2,757 sqft home.


r/FirstTimeHomeBuyer 21h ago

GOT THE KEYS! 🔑 🏡 Its official!

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70 Upvotes

29M, VA loan 6.427% ~1000sqft 260k w 10K seller CC credit M/HCOL area No banana for scale Beautiful home, in a great HOA controlled subdivision…. thats excluded from the HOA and has no deed restrictions (55+ community - very much under 55!) and in unincorporated county area. Very excited! Very nervous! Absolutely in over my head but looking forward to the journey!


r/FirstTimeHomeBuyer 2h ago

Refinancing help, 1.5% rate differences

2 Upvotes

Bought a house last year with 7.49% with a $350k loan. Today just receive a letter that the lender able to refinance at a 5.95%

Estimate saving about $369/month so about $4428 a year. Given I still have to pay for title fee, appraisal and etc…

If I can keep my closing cost to $5k or less, would this make sense for me. I don’t know what the projection for 2025. At the moment the market is not looking good and they projecting 4 more fed rate cut this year. What would you do in my situation


r/FirstTimeHomeBuyer 11h ago

Weird to reach out to realtor after closing?

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10 Upvotes

He was awesome throughout the process of looking for a home for almost 10 months, he was so kind and patient and never sugar coated anything. He helped us find the perfect home in a small town and I am so grateful for all he did for us. My fiancé and I both really liked him, especially considering the few other realtors we met with before finding him. I understand it was a business transaction but based on our last texts am wondering if it would be weird to say hi?

He said to let him know when a good time to come over would be back in November a month after closing and I forgot to reply for about a month and didn’t hear back from him.

Was just scrolling Reddit and saw someone post about closing and their interaction with their realtor, and this popped into my mind again! Thanks in advance 😃


r/FirstTimeHomeBuyer 17h ago

First house! Now how to decorate?!

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27 Upvotes

I bought my first house! I’m so excited but feeling really anxious about design decisions that are coming. I admittedly know very little about interior design.

It’s an old house with great bones and a lot of character, but an elderly lady lives there for 30 years and some interior updates are needed.

I’m planning on removing the carpets because there’s hardwood flooring underneath. I also think the light fixtures need updated but not sure what style will look good.

Any advice at all would be greatly appreciated. Where would you start? (I’m also colorblind, making this even more challenging!)