Brides Who Have Bought/Are Buying A House/Condo/Coop

DH and I had an offer accepted on a house last night. It's a really great deal and we love the house.

But now I'm nervous about doing it...writing such large checks every month, taking such a huge chunk out of our savings account, you get the picture....

Anyone else feel like this ever? How did you get over it?

Re: Brides Who Have Bought/Are Buying A House/Condo/Coop

yup, absolutely FH and i bought a co-op last year and i'll be honest, it's tough. we were very lucky and had a lot of help financially, from our parents, getting started - we were able to get all new furniture etc. but all the 'little' things add up a great deal. and then, it's your new place - you want to make it a home. decorating costs money. landscaping costs money. even if you do it yourself. going in, you know all this - but there's so many unforseen expenses. it's tough. and we've accumulated quite a bit of credit card debt, that we hopefully, will be able to pay off after the wedding.
getting started is very overwhelming... dealing with all the paperwork and back and forth and closing and all that. and even after you close, it takes a while to get into the swing of things... both owning a place, and financially.
but somehow, you just do it. as FH said when we were thinking about buying... are we ever going to be REALLY ready? i mean, there's always financial concerns. there's always plenty of things that you want/need to spend money on. we felt ready in our hearts, felt we could swing it with our paychecks... and it's been tight, but we do. and with our jobs, we steadily get raises - so we know it can only get easier.
let me tell yoyu, there's no feeling like decorating your OWN home, coming home to your OWN home, starting a life together in your OWN place. it's so, so, so worth it. no matter how stressful the closing can be, no matter how tight money can be. i wouldn't trade it for the world.
congrats on having your offer accepted!!

Re: Brides Who Have Bought/Are Buying A House/Condo/Coop

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Posted by AlmostMrsKelly

yup, absolutely FH and i bought a co-op last year and i'll be honest, it's tough. we were very lucky and had a lot of help financially, from our parents, getting started - we were able to get all new furniture etc. but all the 'little' things add up a great deal. and then, it's your new place - you want to make it a home. decorating costs money. landscaping costs money. even if you do it yourself. going in, you know all this - but there's so many unforseen expenses. it's tough. and we've accumulated quite a bit of credit card debt, that we hopefully, will be able to pay off after the wedding.
getting started is very overwhelming... dealing with all the paperwork and back and forth and closing and all that. and even after you close, it takes a while to get into the swing of things... both owning a place, and financially.
but somehow, you just do it. as FH said when we were thinking about buying... are we ever going to be REALLY ready? i mean, there's always financial concerns. there's always plenty of things that you want/need to spend money on. we felt ready in our hearts, felt we could swing it with our paychecks... and it's been tight, but we do. and with our jobs, we steadily get raises - so we know it can only get easier.
let me tell yoyu, there's no feeling like decorating your OWN home, coming home to your OWN home, starting a life together in your OWN place. it's so, so, so worth it. no matter how stressful the closing can be, no matter how tight money can be. i wouldn't trade it for the world.
congrats on having your offer accepted!!

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This took the words right out of my mouth!! well said!! It's the best feeling to own your own home and you'll feel enormous amounts of pride with every little (or big) thing you do to it. It's very expensive though. If FH is handy,that will help a great deal. Actually, if this rain ever stops, FH is ripping out the front deck today and putting in a brand new one, This is really exciting to me!!

Best of luck and congratulations though. Don't worry too much. I was the same way though. After being so nervous they wouldn't accept the offer, when they finally did, I felt a lump in my throat. It's been so great though.

Re: Brides Who Have Bought/Are Buying A House/Condo/Coop

I totally understand. FH and I just closed on our house on July 5th. FH was so stressed about having to take that huge check out of the bank...so he sent me to do it for him. It's true what the other girls said...when will you ever REALLY be financially ready? You won't. There isnt enough money in the world, but if you know in your heart that you want to do it then you make it work. We havent been able to move into our house yet because we are doing renovations. And that is the hardest thing....more money coming out of the bank. But, we are making it work somehow. To be honest, it is the best feeling knowing that FH and I are building a home together where we know we will live and start out family. Try not to stress too much about the money because you and your FH will make it work. Congratulations on your offer being accepted! GOOD LUCK!!!

Re: Brides Who Have Bought/Are Buying A House/Condo/Coop

yeap...know how you feel. I got over it by thinking how much money I was wasting on rent. Rent is money that I am NEVER going to see again. At least with a mortgage I am putting that money into something that belongs to me. You build equity and even though you are taking $$$ out of your savings...after a couple of years if you need to you can always get a some equity back. It's normal to be nervous but just remember it is a lot better than renting.

Re: Brides Who Have Bought/Are Buying A House/Condo/Coop

FH and I bought our house in June and are also paying for our wedding which is in 14 mths. It's stressful and you'll worry and you'll be scared, but at closing when they had you your house keys...it's the best feeling.

It's the toughest thing you'll do but the most rewarding.

Financially, it will be a huge adjustment but worth it.

FM me with any questions or concerns you may have as FH and I just went through all this recently.