Leaving home...

[PinkSunshine]

Where did you learn about home buying? The biggest thing I wonder about is the whole down payment thing, right now I have no money saved.

I know next to NOTHING about buying a house, my DH knows everything. He's been saving up to buy a house for 10 years now (he's 34) so he has quite a savings in the bank for a down payment. It's just that here in Ca the housing market is so darn expensive. It's quite ridiculous actually.

I think if he didn't have that money saved, we'd have to save it somehow in order to come up with a down payment. He used $10,000 of his savings 3 years ago to put a down payment on his truck and we were able to put that back within a year and a half.... He does make good money though.

Does your husband know anything about home buying? Family? Anyone who could help you 'figure it out?'

[dappledoxie]

I know next to NOTHING about buying a house, my DH knows everything. He's been saving up to buy a house for 10 years now (he's 34) so he has quite a savings in the bank for a down payment. It's just that here in Ca the housing market is so darn expensive. It's quite ridiculous actually.

I think if he didn't have that money saved, we'd have to save it somehow in order to come up with a down payment. He used $10,000 of his savings 3 years ago to put a down payment on his truck and we were able to put that back within a year and a half.... He does make good money though.

Does your husband know anything about home buying? Family? Anyone who could help you 'figure it out?'

Yeah, we have like no downpayment right now. I'd have one if the family would decide who/what we're doing with mom's house.

He doesn't but I've been discussing it with my sister and looking up things on the Internet, I've learned quite a few things today from different sites.

[Rachel]

Seems like the first order of business would be to get the job situations worked out. It doesn't seem like you should even be thinking about buying a house until that aspect is settled. Why do you want to move to that particular area? Do you have family or friends there?

Whatever you do, be very cautious with that inheritance. It can mean the world to you if you use it wisely, or it can be gone in a heartbeat if you aren't careful.

[dappledoxie]

Yeah, I'm always the type that I want another job before I leave the one I have kinda person. Shannon's the opposite. We've got to have a place to stay though, we're leaning more towards renting first. We want to move to that area because we both love the coast and my sister lives that way, the one I'm closest with. I don't want to work in Raleigh, and next to that area Wilmington is a big city with lots of opportunity. Where I live is way to far away from any area with good jobs that will pay decent salaries so our only option is either comute or move closer to one of those cities, so if we're moving we want to go for it.

Yeah, I'm going to try and keep things for getting bad.