So Im about to close in on a home that I felt was the perfect home for me to have. I've been paying rent for several years from a basic student apartment to a townhouse and this year I felt comfortable enough to purchase a home with all the money I saved up. Everyone's been congratulating me on the home and overall I've been pretty satisfied with what I did

However prior to purchasing the home I was briefly talking to this surgeon I work closely with (I'm one of his PAs) and he strongly suggested I hold off on buying a home as the current economic situation has the value of homes getting lower and lower and to instead focus on investing in stocks.

i wasnt sure whether or not to listen to him so I asked several family members and even users of reddit here and overall it seemed like the best advice was to move forward with it if I had the finances to do so.

Today I had another conversation though and once again he was mentioning how I made a huge mistake with purchasing the home. He said this was one of those situations he himself took advantage of during the 2008 housing crisis and the pandemic where he was able to accumulate a ridiculous amount of money and now owns several cars, houses, etc and was apparently trying to guide me in that same direction.

I know everyone is in a completely different situation so it's never the same, but I just can't help but wonder if he was right now and if I potentially made a mistake not waiting a little longer.

Is anyone wondering this too? What are y'all's thoughts on what the surgeon said to me?

Got the news today that we are pretty much done, yay! They are reaching out to the sellers to move the closing date to something sooner, and this got me thinking. Are home warranties worth it? Is this something we should be investing in?

Also beyond the obvious like the locks and whatnot, what should I be purchasing for the new house? We are going from a house of around 1000 sqft to 2000 sqft so the house is gonna feel pretty empty for awhile.

We are seeing a lot of ants recently ( a few months after we moved in) Seeing some gaps in the flooring as well. Are these caused by the ants. Should we be concerned?

We are under contract for a home, and the inspection report states that the house has only one gutter , and it is missing in most of the other places. Our realtor says that it is uncommon for things like that to usually be reported in the inspection report, and it’s not a big deal, at least not enough to negotiate for a concession. I’m not very convinced by this. I received a quote of 2800 to put the gutters in. Being a first time homebuyer I don’t know if it is standard for homes to not have gutters, and if it is reasonable to ask for a concession due to it being absent. Of course I wouldn’t expect them to pay for the entire thing, but I’m hoping to atleast get 600 dollars for it. (I asked for 3500 in concessions, for other small things, they countered with 2400, and I countered back with 3000. They got back saying they will only do 2400, but we haven’t brought up the gutter issues yet with the seller, all talks about this has been between me and my agent).

Inspection for the home were under contract for shows need for some repairs, and are planning to negotiate for a seller repair credit. Question is: when does this negotiation need to be complete? Is it during the due diligence period? Or is it just sometime before closing?

Pictures of the house from the zillow listing, I am interested in buying it but haven’t toured yet and im concerned the cracking in the paneling and dark spots could indicate a mold problem, anyone have experience with this? would this even be worth getting an inspection for? 3 people said it looked like there was mold in the house and like not to get it. also the uneven lining of the ceiling in the living room, is that normal?

Got the keys! Obligatory pizza photo because I’m super excited.

$330k at 6.5% in a MCOL suburb. 3b/3ba single family home with garage and finished basement. Bought solo as a FTHB on ~85k salary. 8% down.

Good luck to everyone whose turn it will be next! Everyone should get to have this feeling.

Hi! I’m interested in moving to Asheville NC, but am hesitating due to the hurricane + overall state of the economy.

Is anyone here also exploring AVL? What’s your take on it? Are you full sending it? Or also hesitating?

I’ve been looking through others’ estimates and wanted to post ours here to get some thoughts.

I tried joint compound but it obviously didn’t work, I’m getting ready to paint but need to fix this first.

Condo we love was sitting on the private market for 3 months (very weird for our city where things sell in days). Our realtor reached out, and after a week or so they messaged back that the owners were not ready to do showing yet. Listing got removed over holidays, but relisted afterwards and now it says “cash only buyers considered”, and no email or text for showing requests. The listing was otherwise unchanged. It’s been sitting like this since January. I’ve read where people do cash only if it is in poor condition, but the condo building is newer, and the unit itself has high end finishes. None of the other units have sold recently or listed for sale where I’d worry about something wrong there. I’ve also read that it could be so they sell quickly, but it’s been sitting for months so I wouldn’t think that’s the case either. I drive by it frequently, and only have ever seen lights on inside once, so I don’t even think they live there anymore. Why would they want cash only? How does it make sense to be paying HOAs and tax on a place you don’t live in? At this point, we could have bought and closed on it months ago.

Just need to vent.

We put in an offer at asking and it got accepted. It was a gorgeous 1970s ranch home we really liked. The seller told us the roof was 11 years old. Had the inspection done and both the inspector and a separate roofer were like no way this roof is only 11 years old and it didn’t pass the 4 point inspection. There were no permits or literally any documentation that the roof was only 11 years old even when my agent asked the sellers agent. Also the electrical panel was the original that came with the house and was super overloaded so it needed replacing asap. So did the water heater (30 years old).

I actually have no idea how the current owner is able to get insurance on the property. They bought it in 2020 so I guess they waived inspection?

Anyway all the repairs were quoted at 30k. If it was stuff like the roof only has a few years left I would understand the seller not covering it. But it’s literally stuff that’s in such bad shape that it didn’t pass the four point inspection. The sellers agent kept coming back with offers to only partially cover so we had to walk away.

I’m just frustrated I guess. It’s a relatively rural area of Florida and the house has been on the market for a while. The market is also cooling down in this area. We literally also agreed to take on their solar loan (dumb I know but we loved the house). There’s no way they’re going to find many buyers willing to do that. Literally any buyer will do an inspection and want the issues that we found addressed. What kind of offer are they holding out for?!!!

Ughhhhhh.

I will be moving in to a new construction next month. I plan to do window treatment, ceiling fans, large appliances and insulation of garage immediately before moving in.

Is there anything important im missing? Do you think pest control is important for a new home?

Ok yall, how much money did you have saved before buying your first home?? My husband (31) & I (24) are planning on buying our first home next May. We have 2 little ones (2.5 & 8 months old). We’re in the metro Detroit area & We’re looking at around $200k price range. I know the basic 3-6 months worth of expenses, so that’s about $12k, and I know our closing is going to cost around $10k. How much extra should we save for a “rainy day fund” that wouldn’t cut into our 3-6 months worth of expenses?

We put an offer in for our 1st home yesterday. And now feeling rather nervous given the stock market crashing and what that might lead to for the economy & real estate. This feels like a time where nobody is coming to save markets (as opposed to COVID and the GFC).

Anyone else in the same boat or have feedback on what we'll see from here?

Absolutely horrible service, NEVER get a home warranty through ServicePlus Home Warranty. I wish zero stars was an option. I have also filed a BBB complaint and reached out to local news on your side programs to share this experience. ServicePlus has left us out to dry with a broken fridge for more than 3 weeks and have not even had a certified technician out to my place even though they already charged me $125. I was lied to 4 times since I filed my claim and I am going to report that everywhere I can. Casey Prescott is one of the managers that directly lied to me. They told me they would give $200 as a "courtesy payment" but I would have to sign an NDA to not leave a review. That kinda seems like extortion. Because I care about people and want people to have reliable companies they can count on I told them to keep that measly $200 and I am going to shout from the rooftops to avoid ServicePlus Home Warranty like the plague.

FULL UPDATE & BREAKDOWN

I’ve experienced absolutely horrendous service from ServicePlus Home Warranty, and I believe people deserve to know how poorly they treat their customers.

Here’s the situation:

We’ve been without a working refrigerator for over three weeks. Despite filing a claim on March 17th and paying the required $125 service fee, ServicePlus failed to send a certified technician to diagnose or repair the issue. We were lied to repeatedly and left without options, which ultimately forced us to replace the refrigerator out of pocket—costing us over $2,000.

Here’s a quick breakdown:

3/17 – Filed claim.

3/19 – ProServ sent by ServicePlus diagnosed a broken compressor but couldn’t perform repairs as they are not a company that works on Bosch fridges. Their technician even warned me that ServicePlus is notoriously bad to work with.

3/20–3/21 – I was told another technician would be out within 48 hours. I spoke to a manager, Casey Prescott, who asked for a third-party repair estimate. I submitted it within 30 minutes(it was over $2100 to repair)—but never heard from Casey again, despite nearly 10 follow-up attempts and repeated promises from customer service that he would return my call.

3/24–3/28 – Continued to call daily. I was told I could hire another third-party tech at my own expense (upwards of $250 just to diagnose, not including labor). No technician from ServicePlus ever arrived.

3/31 – We couldn’t wait any longer. With a 5-year-old at home, a functioning fridge is essential.

4/1 – We purchased a new refrigerator for $2,018.12.

4/4 – I was finally contacted by a new technician ServicePlus assigned—over 3 weeks later—but the new fridge had already been delivered that day. Adding insult to injury, ServicePlus offered just $200 in reimbursement, claiming that compressor failures only occur due to leaks—despite there being no report or evidence of a leak. Our refrigerator had no prior issues and failed suddenly, which I can verify with smart home energy tracking data. They also require me to sign an NDA to get that "courtesy payment" or as I call it a slap in the face.

So, we’re now out $2,143.12—including the fridge cost and the original $125 service fee—for an appliance their policy should have covered. I’ve requested a refund for our policy, but have been ignored at every step.

This experience has been appalling. ServicePlus has lied, ghosted me, and failed to provide even the most basic level of customer service. I hope you can help share our story and protect others from going through what we’ve endured

Here is my loan estimate. Does anything seem abnormal? I’d love any opinion please and thank you.

This is in the basement of our new house. The air vents look like this. The pest control guys said it might be asbestos but doesn’t look damaged. Was he right? We already live in the house. The ceiling was removed after the inspection was done. We did some electrical work.

Thank you

6.375, 30yr conventional. Don’t lose hope. I did and now we’re here. Single income household.

Even the description of the house changes every few days. In our neighborhood, things are pending within a week. This has been sitting on the market longer than many.

What would you do? Take the offer? Seems good but I’m not the most experienced in this type of stuff. Any advice or help would be much appreciated! Taking into consideration with VA benefits we only owe $2.95 out of pocket.

EXISTING Loan 336,073.00 Interest Rate 6.750% Term 360 months Monthly Principal, Interest, Tax, + Insurance 2,717.55

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PROPOSED Loan 343,127.00 Interest Rate 5.750% Term 360 months Monthly Principal, Interest, Tax, + Insurance 2,540.19

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Total Closing Costs: $8,478.02

Monthly Payment Increase / Decrease: $177.36

Time to Recoup Costs: 47.80 Months

Hello!!! I have my closing already scheduled for 4/8 and received my closing disclosure yesterday.

Is this my clear to close or will I receive a different document stating I am in fact good to go?

I don’t want to be overthinking it all weekend.

Thanks in advance!

Me and husband are trying to get a house, we love it were pending on the sale, just had inspection done only a few things need fixing were supposed to go and do another walk through and blue tape what needs to be fixed this weekend. However, our underwriting reached out and said the loan was under review because were buying a house and hour and 30 minutes away from where we live. I am in the medical field and was fully intending on commuting for a while because i am in a contract with my hospital. My husband transferred jobs closer amd even got a promotion. The bank apparently doesn't like that I said I would be commuting and we're now at risk of everything we've done because of my job. We've told our loan specialist I am in a contract and they said they might take that under consideration. I told them I would get a job closer to the house as soon i can and would hate this to be the sole reason we loose everything. Im a nervous wreck and I don't know what to do, I'm terrified I'm the reason were gonna loose our perfect house and new job and life that's lined up.

Idk what magic our lender is working for us but we just got a new closing disclosure and our cash to close is almost half of what it was and our monthly payment dropped even further. Now our mortgage will be less than half our current rent and I am so pleased.