So you wanna buy a house. Outstanding! Congratulations! I am so happy for you. . . but are you really ready to commit to taking on a lot of extra work over the next few months? The process of buying a home is time-consuming.
My family and I started really looking to buy a home exactly two months ago and we have come out the other end exhausted. Exhausted. . . but with a house! We have definitely learned that when you are ready to buy a house, it’s basically like taking on a part-time job as well as all of your regular responsibilities and commitments.
Depending on what you do for a living and what else is going on in your life, I strongly would urge you to take a read through the 9 reasons below why buying a house is like having a part-time job, and plan accordingly.
- First, figuring out exactly what we were looking for took hours spent sifting through online listings, mainly on Trulia.
- Unless you have a personal recommendation from someone you trust, cross your fingers that the real estate agent you picked is a good one. I mean, no pressure, right? Do your homework! We did not know anyone in our desired area to give us a recommendation, so we relied heavily on online reviews & ratings. Our agent was amazing. Shout out if you need a lead on a killer agent just north of Atlanta!
- Touring homes that are for sale is fun, but time-consuming. Hopefully you are able to take a day or two off of work and just do nothing but see houses with your agent. Otherwise, plan for a lot of evenings and a couple of weekends driving around. I am a
slighttotal control freak so I immediately directed our agent as to the three that were at the top of myour list from searching online. The first one is the one we purchased. Damn, I’m good!
- Need some money, honey? I spent an hour or two collecting all of our required documentation like pay stubs, tax returns, W2s, bank statements, etc… and then spent a solid four hours at our lender’s office filling out the mortgage application paperwork.
- Plan 3-4 hrs for a good thorough home inspection. This is a must. Our inspector came up with pages of things that needed to be changed or fixed, and we’re buying new construction.
- Are you renting now? Shopping around for home owner’s insurance takes some time. We had to get everything quoted in writing and get the proper documentation in before closing.
- Countless calls, emails and texts with everyone; your agent, lender, inspector, insurer, etc…
- The final walk-through with our agent prior to closing took a few hours. You must be meticulous, there are no other chances to get minor things touched up!
- Finally, closing day. Meeting and signing the final paperwork only takes about an hour, thank goodness.
Now. . . have you started to consider how much effort is required to move into your first actual house? A lot, but we’ll leave that for another day.