Users' questions

Is it normal to freak out after buying a house?

Is it normal to freak out after buying a house?

It’s normal to feel a massive mix of emotions when you buy a home. You might even feel a little scared that you’re making the wrong decision before you submit an offer. These feelings are all normal. No homeowner feels only joy throughout the shopping process.

What is the hardest part of buying a house?

The hardest part of buying, aside from finding the house you want, is getting a mortgage. You should start preparing to get one long before you begin looking at houses. That means getting your finances in order, having your two most recent pay stubs ready, and digging up your tax forms and W-2s from the past two years.

Why do Millennials regret buying homes?

By far the biggest regret among recent home buyers was not being prepared for maintenance and other costs associated with homeownership. More than 20% of millennial homeowners said they thought that the costs of homeownership were too high, and that number jumped to 26% among owners aged 25 to 31.

Why is it so stressful to buy a house?

Home buying can be a stressful experience. After all, a lot can go wrong. For instance, sellers can be unreasonable and argumentative, a home inspection may reveal defects, lenders may reject your loan, or you could receive a low appraisal.

How much square footage should I use when listing my house?

Today’s question comes from Austin, TX: Q: When listing my house, do I use the square footage from the original builder or from the county appraiser? When we built our house, the builder told us our house was 3099 square feet. The county appraiser uses 3391 sq feet for tax purposes.

How big is the town house I want to buy?

I just discovered that the town house I wanted to buy is about 150 square feet smaller than the listed 2,045. I no longer want to proceed, based on the shrunken size. (The tax district said the place is 1,895 square feet and the appraiser said 1,900.)

Do you have to verify square feet when buying a house?

Sadly, case law suggests that a buyer is obliged to verify square feet during the option period and when that period expires, the advantage falls back to the sellers, despite any, ahem, “honest mistakes” made in marketing. In other words, this finding should have surfaced in your due diligence, assuming that period is actually over.

Where do I get my square footage from?

Any square foot source other than the county must be documented — by a builder’s floor plan, an appraisal, an official floor plan (there are companies that do this for a fee), etc. The county’s measurement is the only one that does NOT require additional documentation. So I would definitely use the square footage from the county appraiser.

Today’s question comes from Austin, TX: Q: When listing my house, do I use the square footage from the original builder or from the county appraiser? When we built our house, the builder told us our house was 3099 square feet. The county appraiser uses 3391 sq feet for tax purposes.

How big is the wrong square footage on a house?

The square footage of the home had been unintentionally misrepresented and overstated by 358 square feet (20%) to all prospective buyers via the information represented in the MLS listing and the seller’s appraisal diagram of the home. So what’s the big deal, it’s only a number, right?

How is the square footage of a house calculated?

That means calculating square footage that includes everything, even an unheated basement, attic, and other nonliving spaces. This inclusive number should have been recorded by the local municipality when the home was built, says Sandy Straley, an agent in Layton, UT. That’s because it’s used for tax purposes.

How big of a house should I build for 800 sq ft?

Homeowners searching for 800 to 900 square foot blueprints usually fall into a …Read More Homes between 800 and 900 square feet can offer the best of both worlds for some couples or singles looking to downsize and others wanting to move out of an apartment to build their first single-family home.