How soon after you got married (or before) did you buy your home? About a year later. Did you rent before then? Yes, we rented for 4 years before we bought.
Have you purchased more than one home since you got married? No.
Do you plan on retiring there? If our jobs allow it, yes. Or do you plan on buying a bigger/better home? We bought the biggest/nicest home we could afford with hopes of never having to move. We love the location and our neighbors as well.
How soon after you got married (or before) did you buy your home? Did you rent before then? - we were married for a little over a year when we bought our current house. Before that we lived in the house that DH owned at the time. It was a duplex
Have you purchased more than one home since you got married? - no If so, how long did you spend in each of your homes? - n/a
Do you plan on retiring there? Or do you plan on buying a bigger/better home? - no, we love our current house, but eventually want to retire out of the area.
Post by honeydew1894 on Jun 18, 2012 10:19:45 GMT -5
Do you currently rent or own? own
If you own:
How soon after you got married (or before) did you buy your home? Did you rent before then? We bought our house in December 2007 and were married in July 2008. We rented for a year and a half together.
Have you purchased more than one home since you got married? If so, how long did you spend in each of your homes? nope, just this one!
Do you plan on retiring there? Or do you plan on buying a bigger/better home? We plan to retire out of the area, either NC or Boston/Cape Cod area.
How soon after you got married (or before) did you buy your home? Did you rent before then? We lived in a one bedroom apartment for the first 7 years we were married. We built our first house in 2001 and our second in 2007.
Have you purchased more than one home since you got married? If so, how long did you spend in each of your homes? Yes, we lived in our first home for about 6 years. We're in our second house now and we've been there almost 5 years, with no intention of moving - I love the house we're in now.
Do you plan on retiring there? Or do you plan on buying a bigger/better home? We plan on living where we are until we dicide to retire. Once we retire we plan to move west to AZ or CA.
How soon after you got married (or before) did you buy your home? Did you rent before then? we bought about two years before we got married, before that, I moved into the townhouse he rented with two other guys, for about six months, prior to that, we each rented with roommates separately.
Have you purchased more than one home since you got married? If so, how long did you spend in each of your homes? N/A, we have been in our first home for three years
Do you plan on retiring there? Or do you plan on buying a bigger/better home? eventually we want to buy a house, instead of a townhouse
Because it would cost $1 mil+ to buy an actual house in the neighborhood we live, and we don't want to buy an apartment. Plus our rent is only slightly higher than in Boston (wicked cheap by NYC standards), we have a huge place, a nice yard, and the subway nearby.
Post by lizardesque on Jun 18, 2012 10:26:10 GMT -5
Do you currently rent or own? Own
How soon after you got married (or before) did you buy your home? Did you rent before then? We got married in 2004, and we rented at the time. We bought our house in 2006.
Have you purchased more than one home since you got married? If so, how long did you spend in each of your homes? Just the one
Do you plan on retiring there? Or do you plan on buying a bigger/better home? Not really sure. We don't need anything bigger, especially if we don't have kids (which seems our likely path). We might want a change eventually, though.
Post by darkling_glory on Jun 18, 2012 10:29:11 GMT -5
Do you currently rent or own? OWN
If you rent:
Why did/do you choose to rent?
Do you intend to buy a home soon? How soon?
If you own:
How soon after you got married (or before) did you buy your home? Did you rent before then? Hubby bought this condo in 2006 - 5 years before we got married
Have you purchased more than one home since you got married? If so, how long did you spend in each of your homes? N/A
Do you plan on retiring there? Or do you plan on buying a bigger/better home? I hate this condo and can't wait to get into an actual house... but it probably won't be a forever home. Neither one of us are particularly set on the idea of a "forever" home
Post by stingsharkruns on Jun 18, 2012 10:31:09 GMT -5
We currently own.
We were married a little over a year when we started building. Neither of us had ever owned a home. I doubt we will retire there. We live close to the water now, but we want to live on the water eventually.
Why did/do you choose to rent? we don't really have an option. our "rent" money helps pay his gparents bills. they would go under without it
Do you intend to buy a home soon? How soon? not soon enough. I *hate* the house we live in. I either want to build where we are or buy a home. we're not building because we're not sure if his gparents are going to leave us the property and i would be furious if we built and couldn't stay. we'll buy as soon as we know what our future holds.
Post by wineenthusiast on Jun 18, 2012 10:31:40 GMT -5
We own.
How soon after you got married (or before) did you buy your home? Did you rent before then? Bought home in 2003, got engaged in 2005, married in 2006
Have you purchased more than one home since you got married? If so, how long did you spend in each of your homes? Still in original home, its plenty big enough for the 2 of us, even if I dont totally love it
Do you plan on retiring there? Or do you plan on buying a bigger/better home? I'd love to build a home with a better layout. Financially I just dont see that being an option any time soon. I really should move to a ranch by my 50's though- I fall down the stairs a lot.
Edit: We had a really hard time finding a house and actually fired our first realtor, quit looking for 6months and then went back to it with a fresh start but looking in a new area. I picked our house on the first time out with the new realtor. I'm SO glad we chose the area we live in now, over where the 1st realtor was pushing us to buy.
Much like Wine we fired our first realtor. She was much more concerned with the interests of my FIL (a family friend) than actually listening to our wants, concerns, needs, and financial ability. I reached a breaking point when she contacted my FIL with a series of questions, which he answered, and then when the followups came, he forwarded us the e-mail because he couldn't answer it. I was LIVID. So we fired her, and found one that worked a lot better for my H (bf at the time) and I.
I am sorry to hear that the buying process has been stressful for you. Anything in particular or just the process as a whole?
How soon after you got married (or before) did you buy your home? Did you rent before then? We signed one year and one month after we got married. We rented together for 2 years before we bought. I rented for 4 or 5 years prior to that
Have you purchased more than one home since you got married? If so, how long did you spend in each of your homes? Just the one and that was enough. The buying process sucks.
Do you plan on retiring there? Or do you plan on buying a bigger/better home? I don't plan on moving ever again. I love my house and I hate moving. We got a bigger home because it was a great deal and we hope to have one child one day
How soon after you got married (or before) did you buy your home? We bought our condo about a 6 months before we got engaged, and a year and a half before we got married. Did you rent before then? Yes.
Have you purchased more than one home since you got married? If so, how long did you spend in each of your homes? Yes. We were in the condo for just under five years and we've been in the new house for two years and one day.
Do you plan on retiring there? Or do you plan on buying a bigger/better home? No. On second thought, this house is too big. We'll stay in it for a while longer and then sell. If we ever buy another house, it won't be for a while.
This whole house hunting process is driving me crazy.
Do you currently rent or own? Rent
If you rent:
Why did/do you choose to rent? 1. We move every 3 years 2. Where we live currently is a high cost of living area 3. I like being able to call someone else to fix things
Do you intend to buy a home soon? How soon? once Paul retires and we stop moving
If you own:
How soon after you got married (or before) did you buy your home? Did you rent before then?
Have you purchased more than one home since you got married? If so, how long did you spend in each of your homes?
Do you plan on retiring there? Or do you plan on buying a bigger/better home?
I am sorry to hear that the buying process has been stressful for you. Anything in particular or just the process as a whole?
I guess it's only part of the process that's driving me crazy.
Everything stems from money. I have a good credit score, but I have student loans, car loan, and other various expenses. H only has his student loans to pay, but his credit score is lacking (he was foolish in his younger days). So the banks won't loan to him (or both of us) because his score is so low. They will give me a loan, but it's not enough to get a move-in ready home. And by move-in ready, I mean it needs no immediate repairs to make it safe to live in.
We also don't want to settle for a house that doesn't have 3 bedrooms and 2 bathrooms. Most of the homes we can afford only have 1 bathroom because this is such an old area.
Have you looked into new construction? That would be a way to avoid immediate repairs. In our development once the builder was done there were still 4 or 5 homes that hadn't sold yet. He was anxious to get out of there and the homes ended being sold at auction. My nextdoor neighbor bought one, and he paid a lot less for his than S & I did for ours (at least $100K less).
How soon after you got married (or before) did you buy your home? Did you rent before then? we bought 2 weeks after our honeymoon
Have you purchased more than one home since you got married? If so, how long did you spend in each of your homes? not yet
Do you plan on retiring there? Or do you plan on buying a bigger/better home? hopefully we can start planning our next house next summer to be in it sometime in 2014.
Have you looked into new construction? That would be a way to avoid immediate repairs. In our development once the builder was done there were still 4 or 5 homes that hadn't sold yet. He was anxious to get out of there and the homes ended being sold at auction. My nextdoor neighbor bought one, and he paid a lot less for his than S & I did for ours (at least $100K less).
We looked into building on family land, but that would require us to put in septic and well and that pushed the cost over the edge. The "new construction" in this area is all $150K and up.
Post by ILikeSloths on Jun 18, 2012 13:18:43 GMT -5
Do you currently rent or own? rent
If you rent:
Why did/do you choose to rent? Several reasons: We like the convenience and ease of apt. living (no lawn to mow, maintenance is always available, etc.), we don't foresee us living here forever and don't want to feel tied down to one area in case we apply to jobs in another city or state, we're saving money and got a killer deal on free rent through my H's job that was too good to pass up, we have other priorities right now.
Do you intend to buy a home soon? How soon? Not any time soon. We have no idea. We're happy renting for now but have started saving for a house just in case we want one someday.
Post by louietunes on Jun 18, 2012 13:25:25 GMT -5
We rent, but we plan on buying soon. That damn down payment keeps stopping us, though. I refuse to add money to the down payment fund until our debt is paid off. I'd rather be debt free and rent than in debt and own. Personal preference.
Post by pinkwillow on Jun 18, 2012 14:29:10 GMT -5
Own.
How soon after you got married (or before) did you buy your home? Did you rent before then? DH bought our home 5 years before we met. I had rented when I was in college but was living at home when I met DH. I moved in with him 3 months later.
Have you purchased more than one home since you got married? If so, how long did you spend in each of your homes? We are still in the same house. We've been there together for 5 years and DH owned it for 5 before we met so he's owned it for 10 years.
Do you plan on retiring there? Or do you plan on buying a bigger/better home? We just re-financed for an awesome rate and brought our terms down to 15 years from 20. I don't think that we'll retire there but we'll be there for awhile. If kids happen we'll likely have to upgrade.
Post by wineenthusiast on Jun 19, 2012 13:12:14 GMT -5
Sapphire: It may be worth it to hire someone who specializes in fixing credit if you are willing to wait @ 6mos to purchase. My sisters bf did this before he purchased a home and was able to get a loan no problem, with a great interest rate, after about 6mos. I think he spend around $1000-$1500 to fix it but it may be well worth it in the long run.
How soon after you got married (or before) did you buy your home? Did you rent before then? We bought about a year after we were married. We lived in the house we bought as renters for about 2 years before we purchased it.
Have you purchased more than one home since you got married? If so, how long did you spend in each of your homes? Nope, just the one
Do you plan on retiring there? Or do you plan on buying a bigger/better home? Undecided on this one. Our house is smallish (just under 1200 sq ft) but seeing as we don't have kids we don't really need anything larger. The only thing that makes me want to sell is the fact that it is on a very busy street. I would like something similar on a quiet backroad somewhere.
Sapphire: It may be worth it to hire someone who specializes in fixing credit if you are willing to wait @ 6mos to purchase. My sisters bf did this before he purchased a home and was able to get a loan no problem, with a great interest rate, after about 6mos. I think he spend around $1000-$1500 to fix it but it may be well worth it in the long run.
H's bank referred him to a loan officer at a mortgage company and he has made a few suggestions to get H's credit up high enough that we can be approved for a loan. He said it could take a couple months, so we'll wait that out. If it doesn't work, we might have to look into a credit specialist.
Did your sister's bf hire a local person? Or is it someone that H could hire?