My life has been filled with so many ups and downs, I feel like I could write a book. Maybe if I kept up with this blog I wouldn't have to... but that's besides the point!
I sprained my back at work this week, got some bad news from a friend, had rent due 3 days before I got paid & oh yeah, made another offer on a house!!
The dude and I have been working hard of finding and closing on a house. We're currently in the open-contract period for a house we made an offer on, but it's far from ours. This is our second time going through this step (contract on a house, not to mention our second Realtor) and it's fallen through before. Dallas has not been hit by the real estate bust AT ALL. In fact, it is very much a seller's market right now.
HOME BUYING TIPS:
My top 5 rules when looking at a house.
- do not settle for a house you do not like.
You can't have all your likes, but don't settle for major dislikes. Ours was a pool - we don't want one. The market is slim, but that doesn't mean that there isn't something out there. Patience is key, and it's hard. I had to wait 7 days between the time a house posted and then another that I wanted to see. Seriously, just be patient.
- avoid houses in a bad neighborhood
Plain and simple, it's not a good investment. If I pay 180K on a house today, will I get that money 5 years from now? How about 10? If the answer is "No" then move on.
- do not buy a house with poorly rated schools
(Dallas ISD has an average school rating of 2/10 in the areas we were looking to buy- nope!). If you're looking to put your kids in public school, or hoping to make bank off resale in the future - school ratings can add up. The current area we're looking in has schools rated from 6/10 to 8/10.
- don't buy a house that's too far from everything.
We settled on buying a house in the city of Carrollton because it's 20 minutes from my parents and 30 minutes from work - perfectly in the middle. Not to mention, most of our friends live in or around this area.
- don't take on more than you can handle.
I will not buy a house that is falling apart. I'm not an investor and I don't have the time or money to put into a house that needs that amount of work.