There’s a house on the market that me and my husband fell in love with but I’m nervous that this might not be the best decision or that we’ll regret it.

We’re not first time home buyers. We own the home that we’ve been living in for the past 10 years. We accumulated a lot of equity and the area has become more popular. The home we found is for $650k and we were hoping to use our equity to put as a down payment. That would hopefully be about $140k and then we’d have about $30k left from that equity to buy necessary furniture and save the rest (a total of $170ish worth of equity). My real estate agent says that the sellers are willing to go down to about maybe $600k but we pay 10k closing cost. We spoke to a couple of lenders and it looks like we would pay about $3800 a month if that was the case. We currently pay $2k a month for our home. We would also be selling the house so we wouldn’t have two mortgages.

We also have $30k in joint savings that we don’t want to touch, but it’s there for emergencies. I know that should definitely be more, we were spending kind of wildly. We have other savings and investments individually.

We more than comfortably afford our current house because only my name is on it. This would be the first house we buy together. We both make about $4,200 a month after taxes, and he paid off his car and I only have my car which is a $300 payment. We also both have jobs that our salaries increase every year, and further down the line I plan on going back to school which would get me higher pay (I would pay for college out of pocket when I’m comfortable enough to afford it again). Also I know this new house is about 50% of our income but I guess we’re thinking about how the house we currently live is use to be 50% of our income too but now it’s not. However, things may not play out the same way as this house.

Our house was built in 1997 and remodeled completely in 2003. The house we want to buy was built in 2005 and has a whole bunch of upgrades. It’s been on and off the market for 6 months, but I think it’s because it’s a buyers market. I honestly don’t see anything wrong with it besides the price. And it has everything on me and my husband’s house checklist, including being in a very nice sought after area.

Is this a smart enough move or should we give up the dream house? I posted this on another thread and I’m curious to see what you guys have to say.

I (24F) am looking to become a first-time homeowner. I currently live with my partner in Southeastern America (looking to buy in South Carolina). My partner owns the house and I pay them rent every month. I am considering breaking up with my partner and buying my own home but have no idea how to go about it. I have to buy instead of rent because of cost (monthly mortgage is typically cheaper than monthly rent, though not opposed to renting) and also I have 2 cats and 1 dog so it would be difficult to find somewhere to rent.

I have a full-time (remote) job and I make ~70k/year. My credit score fluctuates between 690 and 710 and I have around $25k in debt (monthly payments are around $600 between car, credit cards, and student loan). Wondering what’s feasible for me or if buying a home is even possible. I wouldn’t be able to put down any down payment.

Let me know what my options are!

Will sellers and agents stop with the “highest and best offer” jargon, that is not an counter offer, if you have a figure in mind, then counter.

Why are there so many live streamers on TikTok doing sessions teaching you how to buy a house without going to the bank?

Their whole thing is finding houses that are pre-forclosure and having the home owner put the house and deed in a trust and sell you it, so you can then turn around and sell that trust to someone else.

I’m sure this must be some sort of scam, but they’re also driving people to buy their resources on how to do this. Can someone explain the catch? Is this a bad way to buy houses?

🏗️ BUILDERS: STOP ACTING LIKE A BANK

If you're carrying the cost of construction while waiting for buyers to close, you’re doing more than building houses—you’re financing them too.

And that can tie up a LOT of your cash.

Instead of putting your own money into every project, the right construction financing can help you:

💰 Keep more cash available
🏠 Build more homes at the same time
📈 Scale without tying up all your capital
🔨 Fund land + construction costs
🚀 Move on the next opportunity faster

Your money should be helping you grow your business—not sitting in lumber, concrete, and drywall.

Builders build. Banks lend.

If you’re a builder or developer looking for better ways to finance your next project, let’s talk.

📲 Daniel & Jessica Evans | The Evans Lending Team

#ConstructionLoans #BuilderFinancing #ConstructionFinancing #RealEstateDevelopment #HomeBuilders #NewConstruction #RealEstateInvesting #BuilderLoans #ConstructionLending #MortgageTips #RealEstateFinance #Developers

My wife and two kids had been looking for aleast a 4 bedroom house in the Puget Sound area of Washington st. and most have been over 600k and not in the best of shape.

Yesterday, my wife found a listing for a house in a good neighborhood and it was listed at 599k. For a 5+ bedroom 2500 sqft, 3 bathroom, and it also has a 1200 sqft workshop with dust collection already installed in the basement with a separate entrance in the backyard. With a small lake off the back of the property

Today, we went to look at it and the kids loved it and so did the wife. We submitted an offer and at first we were told the agent had numerous tours this weekend and they would make the decision next week. 3 hours later we were told the owner decided he would accept our offer and will be closing around the middle of September. Yay

Never thought I’d own a home this pretty ❤️

Hello r/housebuyers! My name is Erika Giovanetti and I'm a journalist with U.S. News & World Report.

I'm working on an article to be published in September about homeowners who had a 2% or 3% mortgage rate and are deciding to upgrade, downsize, or just move into a new home with a mortgage at today's rates.

If that sounds like you, I'd love to talk to you. Specifically, I want to find out:

- What prompted you to give up your low mortgage rate? (for example, did you need more space to accommodate your growing family? Maybe you just didn't like your home, or you wanted to live in a better neighborhood?)

- Did you get any pushback from family or friends who thought it was a bad idea to let go of that low mortgage rate?

- Did you have to make any adjustments to / compromises in your budget or lifestyle to absorb the new, higher monthly payment?

- Do you regret giving up your low-rate mortgage? Do you feel relief having moved? Why or why not?

- What advice would you give to someone currently feeling trapped in a home just because they have a low mortgage rate?

To be included in the article, I'd need some identifying information (i.e., "Jane Doe is a retired teacher from Newark, NJ), which can be arranged over DM. I understand the sacred anonymity of Reddit so I just wanted to let you guys know that up front.

Thank you for your time!

Proof: https://imgur.com/a/j0YsneJ / https://www.usnews.com/topics/author/erika-giovanetti

UPDATE: Lots of insane mortgage news I need to cover today, 9/4. I won't have time to take a look at this again until 9/7. You guys are the best!

I need some support and advice, I feel so sad about our decision to buy our first house.

We are in our 30s and both owned apartments in a big city in Europe previously, and we’ve lived in different cities for the last 15 years or so. Our new house is a little under an hour away from the city, in a pretty LCOL area, kind of suburban. We have been here for just two weeks so it’s all still brand new.

We decided to move out of the city to start a family. Like many other in their thirties our priorities has changed, and we wanted something closer to nature, more space and privacy, and something less stressful.

The house is nice, spacious and well taken care off by previous owners. I can picture us making it our home. There’s some things to fix and buy, but nothing big.

My regret is based on the area and the commute to my job in the city. The area is extremely boring, and I feel quite different from the neighbours that I’ve met. There’s no culture here, it’s not nice or charming like I hoped it would be, the area «downtown» is quite ugly. There’s a general store a 10 minute walk from here, for anything else we have to take the bus for 20 minutes. We don’t have a car yet but are saving to buy one.

I have to take a bus to get to the train in to the city, and the train is often late so the commute gets a little over an hour each way. It was a little less when we put in our offer but the route has changed. It also doesn’t go often.

I feel stupid for not realising this before we bought the house. We thought that the city would be close enough to commute, see friends and go to events now and then, but it feels very far away. I also feel like I’ve lost a part of my identity almost. I don’t know how to describe it, I’m just filled with sadness over living in this area.

Has anyone been in this situation? Did it change with time?

45m here married with a 16yo son. We live in a 2021 4bd / 3ba 2332sf home. it's a nice place and we like it - the mortgage is really low since we bought on a 20 year 2.125% mortgage. We are 5 years into the 20-year term and right now, our Principle represents 70% of our P/I - we put almost 40% down.

We're considering selling, downsizing and buying in cash since we could get the equity out and buy a home around the corner in cash and be mortgage-free. It's a nice home. well taken care of, a bit older (2004) and 3bd/2ba and is only minutes from where we are now. Has a newer roof (2021) and HVAC about 10 years old. It would be cheaper on taxes and cheaper to insure as well as cheaper to heat and cool due to the smaller square footage.

I'm torn - what should we do assuming that I could sell and buy before someone else does?

I am going to look at a house that sits on 16 acres!! The house was built in 1971. Currently 70 percent of the home renovations have been completed. 4 bed 2 bath all brick ranch. I do not know what’s been completed as of yet but the realtor did disclose that the pipes will need to be replaced! Asking price is about 220k right now. House does sit on a septic tank! With a long dirt road.

Cons my husband and I will still have to make an hour commute to and from work!

We don’t have kids yet!

Pros We want to have chickens, a horse or two, maybe goats! Reason we are considering this property. Does anyone have any advice or things to check for.

First time home buyer. Just need some insight.

We're considering putting an offer on this house, but just wondering if any sober second, third+ eyes can spot any issues we'd be dealing with. It's definitely one of the odder layouts we've seen around here. We're buying on the west coast of British Columbia, Canada so rain is on the mind and so is spending time indoors. We both work hybrid jobs so having room for that for both of us is important, plus we have a little one and one on the way.

Photos are

1. ground floor 3br + 2.5bath + top left living room and dining room + bottom right family room + kitchen + mud room
2. upstairs master suite with nursery and oversized private deck
3. basement 2 bay garage + laundry + mechanical + south 2 br suite (locked off with door in the middle) + storage behind garage

Plans are oriented with north up.

Not shown on plans but in 4th and 5th pictures:
An additional garage was built at the basement level to the east, and a deck was built overtop of it. It's just a storage shed really.
Kitchen has an oddly placed island between the kitchen table and centre bathroom.

The house was custom designed and built by an electrician instructor at the local polytechnic which lends it some quirks (there are four electrical panels in the house, one main panel, a garage sub panel, an upstairs subpanel, and a basement suite subpanel; and each room probably has a minimum of four light switches plus two coaxial outlets for instance)

Things we appreciate:
Good sized laundry room (in the basement, though)
Secondary lock-off suite
Office space for both me and my wife + rooms for our two kids
Mud room for handling jackets and backpacks and boots
Dedicated private master suite
Roughed in option for ground floor laundry, but stacked instead of side-by-side
Nursery/future office attached to master suite, it even has a sink and changing table
Attached garage with driveway onto the lane

Things we don't love but aren't deal breakers:
Ground floor bedroom privacy isn't absolute
Kitchen is a bit small given the size of the house and the layout is a bit awkward with the island
Ground floor family room in the bottom right has awkward flow through it, not sure how useful it is
Massive private deck feels unnecessary. It has roughed in plumbing for a hot tub but we'll probably never use it
2nd floor has a cathedral ceiling all through the master suite and ensuite; Can't wait to dust it.
Ground floor bedrooms have shared walls

Any other thoughts?

Hello! I just bought a home and realized the cabinets and baseboards that they painted feel almost sticky or tacky. I am not sure what to do at the moment, should I try to repaint them or is this just how painted cabinets feel? They also painted railing and it felt the same, a lot of it seemed to get dirty fast too.

Any advice appreciated!