“I used to be 25 years outdated and completely purchased into the entire ‘purchase a home after faculty’ BS — this was pre-2010, so issues have been totally different. The random realtor I selected was clearly having fun with the housing market bubble and undoubtedly took benefit of my naïveté. I had no thought how the entire home-buying course of even labored, so I relied on this stranger to assist me and, sadly, he actually did not. I ended up shopping for a house that was a ‘newly-renovated former rental,’ and that ought to have been my first warning. All the pieces was for appearances solely.”
“Dry wall screws held just about every part collectively, the pipe from the bathroom was went OUTSIDE the home and froze strong all winter lengthy, and the basement pipes have been cracked and rusting. The lavatory window actually did not shut — and but I ended up paying full market value for it. I used to be so unprepared for homeownership. When the market crashed, I used to be over $50K ‘the wrong way up’ on my mortgage and principally throwing my month-to-month funds into an abyss. I needed to refinance twice — goodbye, credit score rating — and even with decrease funds, I struggled to make ends meet on a trainer’s wage. I stayed there for over ten years, after which the pandemic hit. By some miracle, I ended up promoting my home throughout COVID (at a loss) to somebody I by no means even noticed. Not like the unique vendor, I disclosed every part within the paperwork and offered it as-is.
Total, I want I had rented an condominium or home that complete time and by no means purchased the place. Being a home-owner ruined plenty of my belief in folks and took a serious toll on my psychological well being. I might ask one million questions on each little factor in a home earlier than even contemplating shopping for once more, and ONLY with an agent I trusted and vetted. Watch out on the market!”