Zillow Advice: Buying a Foreclosure - im looking to find a home my bf and i would be first time buyers any tips on what to look for?? http://www.zillow.com/advice-thread/im-looking-to-find-a-home-my-bf-and-i-would-be-first-time-buyers-any-tips-on-what-to-look-for/279200/ Zillow Advice | Zillow Real Estate Yes, have an exit stradegy ... http://www.zillow.com/advice-thread/im-looking-to-find-a-home-my-bf-and-i-would-be-first-time-buyers-any-tips-on-what-to-look-for/279200/ Yes, have an exit stradegy spelled out in black and white!!!&nbsp; Mon, 21 Sep 2009 12:46:00 GMT http://www.zillow.com/advice-thread/im-looking-to-find-a-home-my-bf-and-i-would-be-first-time-buyers-any-tips-on-what-to-look-for/279200/ 2009-09-21T12:46:00Z Ms. Li,&nbsp;I think you ... http://www.zillow.com/advice-thread/im-looking-to-find-a-home-my-bf-and-i-would-be-first-time-buyers-any-tips-on-what-to-look-for/279200/ Ms. Li,&nbsp;I think you might want to take a look at Zillow's policy about spam and self promotion&nbsp;<a href="http://www.zillow.com/advice-thread/No-spam-or-self-promotion-please/254378/">here</a>. Generally if people want to contact you for more information, they can do that with one click and learn more about what you have to offer as a professional through your profile. Hope the link is useful. Thu, 17 Sep 2009 00:21:00 GMT http://www.zillow.com/advice-thread/im-looking-to-find-a-home-my-bf-and-i-would-be-first-time-buyers-any-tips-on-what-to-look-for/279200/ 2009-09-17T00:21:00Z If I could help you out with ... http://www.zillow.com/advice-thread/im-looking-to-find-a-home-my-bf-and-i-would-be-first-time-buyers-any-tips-on-what-to-look-for/279200/ If I could help you out with your <a href="http://www.zillow.com/">real estate search</a>, feel free to contact me at 206-851-8826 (cell).&nbsp; With today's market, there are lots of houses that is bank owned or forclosed. I just need to know what's your price range, what's your must haves, and what items that youwould like to have, but not necessary.&nbsp; Also, do you think about school district for your baby as well?&nbsp; That's a factor too.&nbsp; You might want to live in an area with good elementary school like Bothell, Shoreline.etc.&nbsp; If I were your agent, I need to know what you need, price range, how many bedrooms, yard space, etc. Then I will send you the approriate listings to your email, etc.&nbsp; If you need help, just feel free to ask me. Wed, 16 Sep 2009 23:46:00 GMT http://www.zillow.com/advice-thread/im-looking-to-find-a-home-my-bf-and-i-would-be-first-time-buyers-any-tips-on-what-to-look-for/279200/ 2009-09-16T23:46:00Z Who is paying for the house ... http://www.zillow.com/advice-thread/im-looking-to-find-a-home-my-bf-and-i-would-be-first-time-buyers-any-tips-on-what-to-look-for/279200/ Who is paying for the house then?&nbsp; Because that's all it matters...if you are paying for the house then you should not add your boyfriend's name on it, unless you are marrying this person.&nbsp; Also, if your boyfriend is paying the down payment and also the <a href="http://www.zillow.com/mortgage/">mortgage</a>, then just go ahead and buy together.&nbsp; Money is all that matters. Also, how trustworthy is your boyfriend any ways?&nbsp; How stable is your relationships? I have not brought a house with any of my past boyfriend, only with my trusted parents.&nbsp; Wed, 16 Sep 2009 23:34:00 GMT http://www.zillow.com/advice-thread/im-looking-to-find-a-home-my-bf-and-i-would-be-first-time-buyers-any-tips-on-what-to-look-for/279200/ 2009-09-16T23:34:00Z Mr. McCoy is so right. Do ... http://www.zillow.com/advice-thread/im-looking-to-find-a-home-my-bf-and-i-would-be-first-time-buyers-any-tips-on-what-to-look-for/279200/ Mr. McCoy is so right. Do not buy without a partnership agreement in place that discusses what happens with the house if things don't work out. Make sure you spell out who can buy the other out, how that number is determined and what happens if one wants to sell and the other does not. If you don't, it can ruin your credit, keep you tied to a house that you cannot afford and really be a drag on your future plans.&nbsp;<br/><br/>My advice is to look for a house that you can support by yourself one only one income or a house that you can keep as a rental with a small positive cash flow if you have to leave it for any reason. Things happen and people do have to move unexpectedly. If you <a href="http://www.zillow.com/mortgage/">mortgage</a>, insurance, taxes (PITI) are close to rent, you will not ever be forced to sell and can rely on the house to support itself if you change jobs, change boyfriends, get sick or whatever. Do not overbuy on your first house or it makes it hard to sell or move later to a larger one or a different area. Stay within your budget. Wed, 16 Sep 2009 16:32:00 GMT http://www.zillow.com/advice-thread/im-looking-to-find-a-home-my-bf-and-i-would-be-first-time-buyers-any-tips-on-what-to-look-for/279200/ 2009-09-16T16:32:00Z shelbylee:&nbsp; Both sets ... http://www.zillow.com/advice-thread/im-looking-to-find-a-home-my-bf-and-i-would-be-first-time-buyers-any-tips-on-what-to-look-for/279200/ shelbylee:&nbsp; Both sets of advice received so far are excellent.&nbsp; As a lender, I can tell you that sticking to a budget is extremely important.&nbsp; That budget, paired with common sense, should be your guide when searching for a home.&nbsp; As noted, this most likely will not be your last home purchase, so re-sale is something that must be a concern for the future.&nbsp; In almost every case, school systems (and their ratings) are very important to re-sale value, so keeping that in mind is very wise and strongly suggested.&nbsp; <br/>As pointed out,&nbsp;hiring an attorney <em>in preparation and during</em> your purchase is important.&nbsp; Establishing the parameters of the relationship and the consequences moving forward would be very beneficial to you both, as well as the child.&nbsp;Protections, both legal and financial, are then set in motion.&nbsp; Working with a real estate attorney (one proficient in the real estate field) during the purchase of a home is recommended, especially for first-time buyers.&nbsp; Find yourself a strong legal professional <u>BEFORE</u> signing a real estate contract.&nbsp; Their input and legal advise regarding the sales contract will prove invaluable to you.&nbsp; <br/>Lastly, I recommend finding a&nbsp;qualified professional <a href="http://www.zillow.com/directory/lenders/">lender</a> <u>prior to starting</u> your search.&nbsp; They will work with you and provide a pre-qualification of <a href="http://www.zillow.com/mortgage/">mortgage</a> that will establish the price range of home you can&nbsp;buy.&nbsp; I can't stress how very important this is.&nbsp; Ask for referrals regarding this search.&nbsp; Find a <a href="http://www.zillow.com/mortgage/">loan</a> officer that is known not only for their rates, but for their <em>services, the quality of their&nbsp;advice, their ability to get your transaction</em> <em><u>closed.</u></em>&nbsp; That loan officer will prove to be your best advocate during your transaction and after, through their continuing mortgage planning services.<br/>Best of luck to you during this exciting period in your life ... and into the future.&nbsp; If you have further questions, please don't hesitate to write. Wed, 16 Sep 2009 15:16:00 GMT http://www.zillow.com/advice-thread/im-looking-to-find-a-home-my-bf-and-i-would-be-first-time-buyers-any-tips-on-what-to-look-for/279200/ 2009-09-16T15:16:00Z Beyond the relationship advice ... http://www.zillow.com/advice-thread/im-looking-to-find-a-home-my-bf-and-i-would-be-first-time-buyers-any-tips-on-what-to-look-for/279200/ <p>Beyond the relationship advice - there are some things you should keep in mind when evaluating possible home choices. First - keep to your budget. Make sure that you will be comfortable with the monthly <a href="http://www.zillow.com/mortgage/">mortgage</a> payment in the price range that you are shopping. Do not be tempted or convinced to go "just a little higher".<br/><br/>The home you buy will most likely NOT be the home you remain in forever. Keep an eye to resale. You may not be living in the home when your 7 month old starts school, but you should still choose a good school district as the family to buy from you may have school age kids!</p><p>Know your tolerance for home repairs. Do you really know how to replace the old tile floor? Or is it something that you will have to hire out (read more expensive to do than you think)? Can you live with the outdated bath - or will you be unhappy until you remodel? Maybe move in ready is more your style - you'll have to decide.<br/><br/>Know what is important - roof, plumbing, wiring, etc. And know what is not important - paint color, chandelier style, etc.<br/><br/>Most of all - Have fun house shopping! This should be an exciting and memorable time for you.</p><p>Good luck!</p> Wed, 16 Sep 2009 05:37:00 GMT http://www.zillow.com/advice-thread/im-looking-to-find-a-home-my-bf-and-i-would-be-first-time-buyers-any-tips-on-what-to-look-for/279200/ 2009-09-16T05:37:00Z An agent.Gregorio is on the ... http://www.zillow.com/advice-thread/im-looking-to-find-a-home-my-bf-and-i-would-be-first-time-buyers-any-tips-on-what-to-look-for/279200/ An agent.<br/><br/>Gregorio is on the right track; you must - and I mean, MUST - have an attorney draw up a partnership agreement for you &amp; your BF. If you don't understand why, then please - PUHLEEZE - don't go buying a house. Wed, 16 Sep 2009 04:23:00 GMT http://www.zillow.com/advice-thread/im-looking-to-find-a-home-my-bf-and-i-would-be-first-time-buyers-any-tips-on-what-to-look-for/279200/ 2009-09-16T04:23:00Z My first tip is to never ... http://www.zillow.com/advice-thread/im-looking-to-find-a-home-my-bf-and-i-would-be-first-time-buyers-any-tips-on-what-to-look-for/279200/ My first tip is to never <a href="http://www.zillow.com/learnmore/what-zillow-offers-buyers.htm">buy a home</a> with your boyfriend! I have never seen it end well! Wed, 16 Sep 2009 00:02:00 GMT http://www.zillow.com/advice-thread/im-looking-to-find-a-home-my-bf-and-i-would-be-first-time-buyers-any-tips-on-what-to-look-for/279200/ 2009-09-16T00:02:00Z