Buying first home–feeling anxious

[CA renter]

jimmyle,

It is perfectly normal to be nervous when buying a house, especially if it’s your first house, AND considering what we’ve been through with the bubble, you’d be crazy NOT to be nervous.

You’ve been around awhile and should know your market pretty well. If you think you’re getting a decent deal, and if it’s perfectly affordable to you under various, negative circumstances (loss of job, medical emergency, etc.), then you should relax and enjoy the buying process.

Congratulations on your new home. Hope escrow goes smoothly, and that you enjoy your home for many years to come.

[protorio]

Ah, we (first time buyers, waiting & watching for about 7 years) closed last month and I remember a freak out moment in early November when we locked in our loan rate. It wasn’t so much the rate (which is quite low), but the “timeline” and trajectory toward finality that it put us on. This was really happening, and we were going to be on a budget unlike the one we lived under as renters.

When you decide to buy – which for us meant we loved the house, could afford the payments on a fixed rate mortgage, and it was big enough that we wouldn’t “grow out of it” with two small children – then I think you have to exit the “bearish analyst mindset” and just live in the house and don’t worry about value. In this market, if you can find a house that you can enjoy and live in for at least 10 years, there are a lot of good deals out there. But its a long term strategy. Stop worrying about value and live in a house you like and can afford.

In escrow, I remember watching “The Road” based on the novel by Cormac McCarthy, and thinking, “I could end up like this guy if I buy this house!” Pretty silly. Send the “gold and ammo” Armageddon thinking that streams through the hysterical blogosphere back where it came from: some sorry-a$$ cubicle.

[protorio]

Ah, we (first time buyers, waiting & watching for about 7 years) closed last month and I remember a freak out moment in early November when we locked in our loan rate. It wasn’t so much the rate (which is quite low), but the “timeline” and trajectory toward finality that it put us on. This was really happening, and we were going to be on a budget unlike the one we lived under as renters.

When you decide to buy – which for us meant we loved the house, could afford the payments on a fixed rate mortgage, and it was big enough that we wouldn’t “grow out of it” with two small children – then I think you have to exit the “bearish analyst mindset” and just live in the house and don’t worry about value. In this market, if you can find a house that you can enjoy and live in for at least 10 years, there are a lot of good deals out there. But its a long term strategy. Stop worrying about value and live in a house you like and can afford.

In escrow, I remember watching “The Road” based on the novel by Cormac McCarthy, and thinking, “I could end up like this guy if I buy this house!” Pretty silly. Send the “gold and ammo” Armageddon thinking that streams through the hysterical blogosphere back where it came from: some sorry-a$$ cubicle.

[protorio]

Ah, we (first time buyers, waiting & watching for about 7 years) closed last month and I remember a freak out moment in early November when we locked in our loan rate. It wasn’t so much the rate (which is quite low), but the “timeline” and trajectory toward finality that it put us on. This was really happening, and we were going to be on a budget unlike the one we lived under as renters.

When you decide to buy – which for us meant we loved the house, could afford the payments on a fixed rate mortgage, and it was big enough that we wouldn’t “grow out of it” with two small children – then I think you have to exit the “bearish analyst mindset” and just live in the house and don’t worry about value. In this market, if you can find a house that you can enjoy and live in for at least 10 years, there are a lot of good deals out there. But its a long term strategy. Stop worrying about value and live in a house you like and can afford.

In escrow, I remember watching “The Road” based on the novel by Cormac McCarthy, and thinking, “I could end up like this guy if I buy this house!” Pretty silly. Send the “gold and ammo” Armageddon thinking that streams through the hysterical blogosphere back where it came from: some sorry-a$$ cubicle.

[protorio]

Ah, we (first time buyers, waiting & watching for about 7 years) closed last month and I remember a freak out moment in early November when we locked in our loan rate. It wasn’t so much the rate (which is quite low), but the “timeline” and trajectory toward finality that it put us on. This was really happening, and we were going to be on a budget unlike the one we lived under as renters.

When you decide to buy – which for us meant we loved the house, could afford the payments on a fixed rate mortgage, and it was big enough that we wouldn’t “grow out of it” with two small children – then I think you have to exit the “bearish analyst mindset” and just live in the house and don’t worry about value. In this market, if you can find a house that you can enjoy and live in for at least 10 years, there are a lot of good deals out there. But its a long term strategy. Stop worrying about value and live in a house you like and can afford.

In escrow, I remember watching “The Road” based on the novel by Cormac McCarthy, and thinking, “I could end up like this guy if I buy this house!” Pretty silly. Send the “gold and ammo” Armageddon thinking that streams through the hysterical blogosphere back where it came from: some sorry-a$$ cubicle.

[protorio]

Ah, we (first time buyers, waiting & watching for about 7 years) closed last month and I remember a freak out moment in early November when we locked in our loan rate. It wasn’t so much the rate (which is quite low), but the “timeline” and trajectory toward finality that it put us on. This was really happening, and we were going to be on a budget unlike the one we lived under as renters.

When you decide to buy – which for us meant we loved the house, could afford the payments on a fixed rate mortgage, and it was big enough that we wouldn’t “grow out of it” with two small children – then I think you have to exit the “bearish analyst mindset” and just live in the house and don’t worry about value. In this market, if you can find a house that you can enjoy and live in for at least 10 years, there are a lot of good deals out there. But its a long term strategy. Stop worrying about value and live in a house you like and can afford.

In escrow, I remember watching “The Road” based on the novel by Cormac McCarthy, and thinking, “I could end up like this guy if I buy this house!” Pretty silly. Send the “gold and ammo” Armageddon thinking that streams through the hysterical blogosphere back where it came from: some sorry-a$$ cubicle.

[sdrealtor]

Lots of wonderful supportive advice from the piggs. You all make proud to be a part of this community when you do things like this.

[sdrealtor]

Lots of wonderful supportive advice from the piggs. You all make proud to be a part of this community when you do things like this.

[sdrealtor]

Lots of wonderful supportive advice from the piggs. You all make proud to be a part of this community when you do things like this.

[sdrealtor]

Lots of wonderful supportive advice from the piggs. You all make proud to be a part of this community when you do things like this.

[sdrealtor]

Lots of wonderful supportive advice from the piggs. You all make proud to be a part of this community when you do things like this.

[applejack]

Thanks everyone for posting all of these comments. I am in the same situation as the original poster (in escrow on my first home purchase) and I am questioning everything! I feel like I am going to have a heart attack or something. I guess that feeling is normal?

[applejack]

Thanks everyone for posting all of these comments. I am in the same situation as the original poster (in escrow on my first home purchase) and I am questioning everything! I feel like I am going to have a heart attack or something. I guess that feeling is normal?

[applejack]

Thanks everyone for posting all of these comments. I am in the same situation as the original poster (in escrow on my first home purchase) and I am questioning everything! I feel like I am going to have a heart attack or something. I guess that feeling is normal?

[applejack]

Thanks everyone for posting all of these comments. I am in the same situation as the original poster (in escrow on my first home purchase) and I am questioning everything! I feel like I am going to have a heart attack or something. I guess that feeling is normal?

[Author]

Posts