[SummerChild]

Soror, did you consider buying a plot and having someone that you identify build it? I am looking into this option and wonder how hard it is and whether there are significant cost savings.

SC

Originally posted by Wonderful1908
Well I am so excited to be able to reply!!Our house was built in September! Buying a house right NOW is something everybody who is renting should be considering. The rates are the lowest in decades and there are tons of programs for everybody from good credit, bad credit, single, married, young and old. Also you would be surprised how little money you need to buy a home. Don't think you have to have perfect credit and $25,000 set aside for a down payment. A soror just bought her first home at 26 in New Orleans and she is single and my single 24 year old brother is about to purchase a home. I am 27 and married, but my Mom just bought her first home a condo and she is 46. So I really think everybody should look into it. Like my Mom says let someone tell you no don't assume.


1. I would run my credit ( do not be afraid) and take it to various lenders mortgage borkers to have them review it and SECURE financing first. You can't shop truly without an idea of what you qualify for.

2. Research the rates and programs for people in similiar situations such as yourself.

3. Decide where you want to live and consider the areas around that area. I live in Houston and the closer to the SW side the higher, I live on the north side which is quiter and cheaper. In real estate the first rule is location, location, location! Good schools also are an indicator of price.

4. Consider new and resales. Here in Houston we had our house built, because it was basically the same price as a resale. I loved being able to pick out my carpet, tile, lot, options, etc. Resales are cool though because they usually have things like established yards, neighborhoods, fixtures, etc.

5. What do you like? One or two story, big yards, home, or condo? Make a list of what you have to have, like to have, would be awesome to have. Find a house that meets those needs. I had to have 3 bedrooms, 2 1/2 baths, breakfast area. But ended up with a 2 story, 4 bedroom +gameroom, 2 1/2 bath, nook, dining room, living room (but thats a seperate thread on the blessings of God)

6. Take your time, the housing market is hot and will be there this will be your largest purchase ever. If you live in a hot area like Cali or NY you need to be more aggressive but if your somewhere like down South its your market. Also keep in mind what incentives you can get. Alot of sellers will cover closing costs and alot of builders will give you upgrades and free options. (Sidenote if giving the choice take the closing money) Our builder paid most of our closing costs.

Most importanly pray and make sure when you pull into your driveway you are happy! Good Luck!!!