Started By
Message

Home buying what are some of the main factors you look for?

Posted on 6/24/14 at 9:58 am
Posted by silverdawg
Member since Mar 2014
608 posts
Posted on 6/24/14 at 9:58 am
Most people today don't buy a home like our parents did and plan on living in it for 50 years but, I see from another thread a big difference on expectations from certain groups so what makes your defining list?

I'm on my third home and while I didn't buy my first house until my mid thirties. I thought I was super savvy going in as a mid level business manager, but I got schooled hard by the process.

I should have bought earlier on in my twenties because somethings you only get through experience and this process is set up for you to lose all the way around.

I would start with location as my base metric and work outward from that point moving forward interviewing different Realtor's from a buying standpoint just like an employer would an applicant.

This sets the precedent.

Realtor's are artsy people and usually extremely stupid when it comes to business that's why you have attorneys on the back side to clean up the mess they create at closing in making it all legal (they should be on the front end but that's another story for another time).

Most people make the mistake thinking thinking these people are your 'frands. They are shite with perfume applied.

Be nice and courteous but always remember they are snakes and they will bite you without warning.

Once you select a snake or snake you can tolerate move forward...
This post was edited on 6/24/14 at 10:08 am
Posted by UMTigerRebel
Member since Feb 2013
9819 posts
Posted on 6/24/14 at 10:03 am to
What exactly are you trying to say? That a realtor made you buy a property in a bad area?
Posted by silverdawg
Member since Mar 2014
608 posts
Posted on 6/24/14 at 10:05 am to
I was trying to start a conversation about home ownership and the process it involves, would you care on joining in?
Posted by Duke
Twin Lakes, CO
Member since Jan 2008
35606 posts
Posted on 6/24/14 at 10:08 am to
Well maintained lawns in the neighborhood.
Posted by parkjas2001
Gustav Fan Club: Consigliere
Member since Feb 2010
45000 posts
Posted on 6/24/14 at 10:11 am to
quote:

what are some of the main factors you look for?


Location and price
Posted by Hardy_Har
MS
Member since Nov 2012
16285 posts
Posted on 6/24/14 at 10:12 am to
quote:

Be nice and courteous but always remember they are snakes and they will bite you without warning

quote:

Realtor's are artsy people and usually extremely stupid


The further you bend over, the more they'll put in.

Sounds like you grabbed dem ankles..
Posted by UMTigerRebel
Member since Feb 2013
9819 posts
Posted on 6/24/14 at 10:16 am to
Okay. We're on our second house. We didn't do a great job picking location either time, but it's worked out now due to school system changes.

We were also screwed because we were stupid and didn't get something in writing when we purchased the lot for our current house. The drainage ditch for the neighborhood runs along our property line, and were told it would that culverts would be put in and everything would be covered. That never happened.
Posted by The Spleen
Member since Dec 2010
38865 posts
Posted on 6/24/14 at 10:19 am to
I've only bought one house and don't intend on buying another for a few years at least. We bought a foreclosed home at the front end of the housing crisis and didn't go through a realtor and the attorney with the bank handled the closing. I didn't even go to the closing, just signed the paperwork the next day.

Looking back, it was more house than we needed, and really more house than we need now, and probably should have flipped it after a few years. We just started some major upgrades and we will probably talk about downsizing once they're complete. We really like the location though, but there are some more modest homes a block away we'd probably look at.

My priority list :

1. Location
2. Backyard - must have room for kids and dog and a deck/patio for grilling and entertaining.
3. Gas stove
4. Some type of bonus room for either a playroom or office/den.

That's about it.
Posted by Phat Phil
Krispy Kreme
Member since May 2010
7372 posts
Posted on 6/24/14 at 10:21 am to
I bought my first house last year. I felt like realtor didn't put much hours into it at all and I thought it was an easy 3% cut he made.

First of all, I diligently looked every day and found the house myself. Agents didn't do the official inspection, home inspector that I hired did. Bank loaned me the money, not my agent. next time I buy a house, I decided that I'll represent myself and negotiate with seller's agent.
This post was edited on 6/24/14 at 10:21 am
Posted by Aux Arc
SW Missouri
Member since Oct 2011
2184 posts
Posted on 6/24/14 at 10:22 am to
If I had it to do over I would find the least expensive home I could live with in a good, clean neighborhood. The keeping up with the Jones's mentality of needing bigger, better and more is foolish in retrospect. I could retire much sooner if I had some of those house payments back. And I have realized that granite counters don't make my life measurably better.

So price and location are tied for number 1.

As for realtors, be clear up front that you will not allow duel agency - what a joke.
Posted by StrawsDrawnAtRandom
Member since Sep 2013
21146 posts
Posted on 6/24/14 at 10:22 am to
Zombie defense.
Posted by FourThreeForty
Member since May 2013
17290 posts
Posted on 6/24/14 at 10:24 am to
Whatever makes the wife bitch less.
Posted by Phat Phil
Krispy Kreme
Member since May 2010
7372 posts
Posted on 6/24/14 at 10:25 am to
my personal priority list:

1. high vaulted ceilings (higher the better): I despise low ceilings on a house. it feels stuffy and I feel like I'm trapped in an pos apartment.

2. large living room. I don't really care about the size of bedroom because I'll only sleep in it.

3. brick at least on the front side of the house

4. location and demographics. upper middle class white people preferred.
Posted by genro
Member since Nov 2011
61788 posts
Posted on 6/24/14 at 10:25 am to
Bought a house a year ago. No realtor.
Posted by The Spleen
Member since Dec 2010
38865 posts
Posted on 6/24/14 at 10:27 am to
quote:

I bought my first house last year. I felt like realtor didn't put much hours into it at all and I thought it was an easy 3% cut he made.


Buyer's agents don't get a cut, do they? I thought they only did that in hopes you would use them when you're ready to sell.
Posted by genro
Member since Nov 2011
61788 posts
Posted on 6/24/14 at 10:28 am to
quote:

Buyer's agents don't get a cut, do they?
Yes. Buyer's agents split the commission with the listing agent
Posted by silverdawg
Member since Mar 2014
608 posts
Posted on 6/24/14 at 10:36 am to
quote:

We were also screwed because we were stupid and didn't get something in writing when we purchased the lot for our current house. The drainage ditch for the neighborhood runs along our property line, and were told it would that culverts would be put in and everything would be covered. That never happened.


Sounds like we have some common ground our second home had a small portion on the far corner of our yard that fell into a zoned 100 year flood plane and it was supposed to be omitted out.

Overlooked and was forced to purchase FEMA flood insurance for $550.00 a year.
Posted by Miz Piggy
La Petite Roche
Member since Jan 2012
3169 posts
Posted on 6/24/14 at 10:37 am to
I've bought 3 houses, the newest of which was over 60 years old. All three were projects that required some to total remodeling. But I got them for a steal and made a profit on the first two.

We'll stay in this house for a while. We love it and put waaaaay more money into this one than we'll be able to get out of it.

I doubt I'll ever buy a "new" house.
This post was edited on 6/24/14 at 10:41 am
Posted by kingbob
Sorrento, LA
Member since Nov 2010
66997 posts
Posted on 6/24/14 at 11:11 am to
I look to make sure that the Sheetrock is square, that corners and angles are straight, that floors aren't buckling in places, that bricks aren't cracking. I look to see if the warranty is still valid. I make sure the contractor wasn't D.R. Horton. I check zoning regarding co-habitation in case I decide to move and use that home as a rental property in the future. I also check for wetlands designations, flood zones, and requirements for corps permits.

Some features I look for:

Large shade trees in the yard. If I have kids, it will be much tougher to convince them to play outside if there's no shade.

Proximity to work. I don't want to have to commute more than 30 minutes one way in traffic to work every day.

Good School districts. While this may become less of an issue as I grow older and advance in my career to the point that I can pay for private schooling, if I had a kid today, there's no way I could afford to send it to private schools.

Sidewalks/safe streets. If I live on a busy street that's not in a rural area, there should be a sidewalk. If it's a safe street to walk on, a sidewalk is a plus, but not required.

Shady (not sketchy) neighborhood. For my future kids, I want them to be able to have friends in their neighborhood growing up, like I had with my cousin who live next door when I was young. Kids don't play outside in track-home neighborhoods because there's no shade. It's too damn hot! However, kids do still play outside in shady neighborhoods. So, if I want my kids to have other kids to play with outside, the neighborhood should have plenty of shade.

Large Backyard. This is important since if it's not already fenced in, I would be fencing it in so I can have a dog. I'd like there to be plenty of room to run back there. Eventually, I'd probably be adding a porch, outdoor kitchen, maybe a gazebo with a fire pit, and possibly a swimming pool. If my backyard's the size of a postage stamp, I can't do any of that.

A huge bonus would be water frontage. If I can launch a boat from my backyard (even a small rowboat like on the LSU lakes), it's a huge plus. Someday, I will at least have a camp on the water. If my home can serve that purpose, then I kill two birds with one stone.
Posted by Agforlife
Somewhere in the Brazos Valley
Member since Nov 2012
20102 posts
Posted on 6/24/14 at 11:16 am to
I look for location. The farther out of town the better. The place must also be structurally sound and there must be room to build (if one isn't there already) a shop of at least 40' by 40'



Eta but I bought my house over 20 years ago and I ain't moving.
This post was edited on 6/24/14 at 11:18 am
first pageprev pagePage 1 of 3Next pagelast page

Back to top
logoFollow SECRant for SEC Football News
Follow us on Twitter and Facebook to get the latest updates on SEC Football and Recruiting.

FacebookTwitter