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FIND YOUR DREAM HOME OR APARTMENT

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23Comments
May 20, 2012 12:57PM
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All you people throwing fits (oh, how insane!), did you even read what was below each title? The author isn't saying to give up everything, in fact if you read the school district one, it told you NOT to sacrifice it if you have children, or will in the near future. A whole bunch of idiots too lazy to read, upset because this author gave you things to consider. Obviously you're not going to give up all 12 things, but maybe 1 or 2 of them that won't really apply to your lifestyle, and are just simple things that you could honestly do without.
Mar 23, 2012 12:02PM
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Do without a garage?  Absurd.  But no mention of doing without a pool, a very expensive item.

Mar 23, 2012 11:07AM
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Boy, these realtors' first time homebuyer clients must be spoiled brats - FOUR bedrooms?!?!  I've been looking for a tiny, outdated, one bedroom home in a semi-questionable neighborhood here in Los Angeles for years - when one comes up in my price range it gets snapped up quickly by an investor who will fix it up and flip it or it will create a bidding war amongst all the people who are just not in the market for overpriced/expensive homes - which is pretty much all we have here in L.A..  Good or bad market - first time homebuyers on the bottom rung of the price ladder can't be picky about anything here!  I've recently resigned myself to thinking a one bedroom condo in an okay neighborhood might be liveable, even though that is not at all what I *want*.  At least it will be cheaper than rent and give me some tax advantages.
Mar 23, 2012 11:04AM
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I'm a Realtor and have been for over 20 years -  you must have your own personal requirements or you will be looking for another house in a year or two.  Good school districts are a must even if you do not have children - it is the #1 criteria for maintaining good market value.  The best time to start thinking about selling your house is when you buy it. If you are buying a home in a new subdivision where most every home has 4 bedrooms, but you just need 3, go ahead and get one with 4 or else when you go to sell, it will be so much harder.......same goes with a new home that does not have a fireplace when all other homes do.  A home is an investment as well as a place to live. I can't tell you how many people have told me it would be their last house, and 5-7 yrs later they are moving due to growing family, divorce, job transfer, etc.............   And to John Kennedy who says we Realtors are terrible people and do not work hard enough for our money -  I work 7 days a week and so does my husband.  We are blamed for the economy, overpriced homes, homes with 3 dogs that are not shown, dirty homes that we have to clean outselves ahead of time before showings, tenants who will not let you show the home - the list goes on and on  - we are holding houses open on a beautiful Sunday afternoon when other friends and family members are bbqing, going to ballgames, etc We are out showing homes while you are at home eating dinner with your family.  We get very little respect, and we make about $1.50 -$2.50 an hour when you add it all up  - from listing a home to closing, it takes approx 4-6 months.....sometimes much longer.. 
Mar 23, 2012 11:03AM
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I like how the article didn't tell you to sacrifice anything, just opened your mind to the alternatives. Not everyone is going to be willing to sacrifice certain things and the author knows that. The perfect house is going to be expensive, and the article is about saving money on a home purchase. If you make enough money you won't need to sacrifice anything. Having major goals is the key for those that need to save, if you have kids then the number of rooms, the school district, and crime are major concerns, the kitchen and floors are minor concerns. Trust me you will need to replace them anyway. If you are retired then you don't need a big house you need one with security, low maintenance, and by a good hospital.

Mar 23, 2012 10:43AM
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This is horrible advice. With the exception of the updated kitchen and the fence, all of the things the author thinks you should sacrifice are huge, big ticket items! You can change the carpet, the counters, and the wall color, but you can't change the location and the size of the lot. The author makes it seem like it's easy to put on an addition for another bathroom.  
Mar 23, 2012 10:11AM
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Mr Kennedy must either be a guy who tried unsuccessfully to become a good Realtor or just was not smart enough to select the "right" Realtor when he sold or bought a home.  Being a former law enforcement officer with honesty and credibility at 1-2, I have worked hard to treat people the same as what I would like to be treated. There are in no doubt bad "apples" in every field, probably in the field Mr Kennedy works, although he probably would not admit it from the way he sounds.

Mr K, you just sound as you needed to put a little more "intelligence" and "thought" in you Realtor selection process rather than who may give you the best deal or a "kickback" when you made your purchase. Or maybe you are just too cheap for your wife's taste!  I would guess, probably a little of both.

 

Joe Steuer, Realtor

Mar 23, 2012 10:09AM
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i love the commet that no bodies kid play outside anymore. my son loves his backyard and i feel good about letting him explore in a safe place fence place where somebody can't walk up to our house and take him. which it is sad i have to have that fear at all.  we have saved for years to be able to buy the things that are important to us as a family. as the market stands now i can't buy a house and then pray that i can sell to move schools.  
Mar 23, 2012 9:37AM
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Real estate professionals are doody heads. Used car salesmen have more integrity than these lying, cheating old bats. They're lazy, stupid, greedy, and worst of all, organized, as in organized crime. The worst offense ever? Collecting three percent of your sales price for doing nothing more than LISTING your property -- they don't lift a finger other than to get it on the MLS! Do yourself a favor - buy and sell yourself.  We saved over $12,000 by selling our last home ourselves -- enough money to avoid sacrificing the things this bag of wind recommends sacrificing. 
Mar 23, 2012 9:33AM
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This article should be titled "MOVE TO CLEVELAND!"
Mar 23, 2012 9:33AM
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This article should be titled "MOVE TO CLEVELAND!"
Mar 23, 2012 9:23AM
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I love it. Sacrifice location, schools, size and basically anything you want in a house...

 

Kind of what my husband and I did with our first (current) house. Fast forward 5 years later, despite a 20% downpayment, we're underwater, in a house too small for us and our ONE child and we're in a crappy school district. Oh and we've had to repair just about everything because we got a fixer upper.

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Aren't you tired of realtors? They know it all, don't they?
Realtors spend the majority of their work time and energy convincing you to sign up with them or list your home by telling you they can save you, or get you, SO MUCH MORE MONEY.  Then they simply stop working for you. They knowingly lie about things like the square footage of a property and then play dumb about it when confronted with the truth, among other things. They have their disclaimer in the fine print that says that they are not responsible for misrepresentations. You did read that didn't you? And that's doing enough for their 3 percent; they are not going to do anything else. Huff huff. I had a realtor brag to me one time that 'I bought that Lincoln out there with the commission from the sale of  just one house'. Well, you were overpaid for your time, 'cause you're not worth it and you didn't deserve it.
Lazy, spoiled, and egotistical, no?
It is apparent that the above internet story was written for realtors (so it's a lie, too) and it's really about what realtors are so busy sitting around whining and complaining about, not the desires of first time home buyers. Yes, they all want a garage. So what? Maybe the realtors need to park your Lincolns outside 24/7, because you've got so much stuff in your 3 car garage you can't put anything more in there. It's the salesperson who wants granite countertops: her husband is the guy who installs it, so he gets a cut, too.
You realtors need to figure out how and why you should change your attitudes, change a light bulb or two every now and then. Get out there and clean up in the front yard. Be sure to pick up all of those cigarette butts, too, before you're through.
Mar 23, 2012 9:16AM
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This article is freaking ridiculious!!!!! The writers need to open their eyes and quit talking out of their butts!!!
Mar 23, 2012 9:01AM
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i rehab homes in the St Louis market, first of all in the city of st louis people want garages or off street parking but 99% people still park on the street in front of their home. Townhomes or condo's don't sell in our area if you have one your stuck with it or you have to give it away. People who want granite don't realize the maintenance that goes with it. Laminate has come along way and handles alot of abuse, along with being considerably more economical your better off spending the money on better cabinets or better appliances.
Mar 23, 2012 9:00AM
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Wow, the article is sooo smart and well written, too! Just Kidding!!

Seriously, here in America, during this economical down-turn, 2 attorneys (who couldn't afford what they wanted, anyway) are supposedly going to BUY a home in a less than wise  school district because they are smart enough to forecast for themselves that they will sell and move to a better one when the kids are school age- please! What a dinosaur of an article.  Yeah, that's the dumb downing us American's should subscribe to- as always!

Mar 23, 2012 8:44AM
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Wow - who knew how easy it was to save money on your home! Just buy a crack house in a bad neighborhood and a bad school district for your kids where the other crack houses are on top of yours, where there's no fence, and no garage, and no master bathroom, and no yard whatsoever, so that all the kids and animals in your neighborhood are crapping all over your lawn and your space and you have no privacy, no peaceful retreat, basically nothing in life that could possibly make you happy.  I have a better idea - why don't you SAVE your hard earned money for awhile so you can buy exactly what YOU want and not have to even SEE your neighbors if you don't want to?!!! I'm with you Ms. Georgia Peach - two minutes of my life I can never get back!!! :-P
Mar 23, 2012 8:44AM
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Terrible list... In other words, sacrifice everything that might make your home liveable. Better to rent than follow this 'advice'...
Mar 23, 2012 8:41AM
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First of all extra bathrooms are necessary and not just for company - even if it is just a half bath!  When someone in the family gets sick or all of you are sick, an extra bathroom is definitely not a luxury.  Or try and wait for a plumber for days and just where and what are you supposed to do?Garages are another thing that are important.  Today they are especially necessary because weather will damage a car - be it extreme heat or cold and don't forget about the security aspects of being able to lock up the car each night or the insurance factor.   The instrumentation in cars today is extremely sensitive to temperature changes.  Also note that insurance companies want a car to be in a garage at night.  Another dumb realtor thought that should be ignored.

 

As for location.  I have purchased and sold real estate since I was 20 years old and can now say decades later that if you believe that location isn't important you are beyond stupid to believe that line.  It will always be location, location, location.  Another part of the location factor is school district.  Many people move to a LOCATION because of the school district!  I have witnessed beautiful homes go unsold for YEARS because they were in a questionable or changing school district. 

 

The comment about amenities in a condo may or may not be correct.  You have to do the research on the actual cost of the fitness club (for example) in your area and factor in the cost to travel as well.  Maybe you can join close to your employment and use it there.  This is something that is personal and different based on individual needs which will alter the costs.

 

Personally, knowing what I know now.  I would rent the cheapest apartment or condo in the best location for as long as possible until I could pay cash for my first property unless I purchased a property with a rental in it.  When you are young it is about work, work, work and you generally entertain away from home.  Even if you entertain at home - most people do not expect much if you explain that you are saving for the right place.

 

Realtors only care about their commissions and do not tell the truth about buying and selling properties.  You can only create wealth and improve your lot in life by limiting your financial exposure to a bank or mortgage company.   If kids are entering their adult life with student loans coupled with a mortgage, they do not stand a chance of "owning" their home.  Instead the bank will own them for their entire life.  I was mortgage free on two properties by the age of 32!  Think smart and work hard and be your own bank.

 

Bottomline:  The last person to trust or listen to is the realtor!  Follow the money.

Mar 23, 2012 8:27AM
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Geeze, I thought they were going to give some great information. Two minutes of my life I won't get back.
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