taking the plunge

moron - 2-16-2009 at 08:43 PM

I'm diving headfirst into adulthood. Mrs. Moron and I are buying our first home. I'm pretty nervous. All of that money we saved is gonna be gone in an instant. It's such an uneasy feeling.

Voodoobillyman - 2-16-2009 at 08:45 PM

you won't regret it bro, the pain of down payment / closing costs is temporary. Glory is forever!!!!!

moron - 2-16-2009 at 08:48 PM

Yeah. The closing costs are worrying me. I guess it's the whole not knowing exactly how much they'll be yet. Once we know that we'll be cool. Hopefully we'll have enough money, because we also have to pay a penalty in order to break our lease where we are now. We'll pretty much be broke for a few months. I'm excited too though I'm not looking forward to packing all of our shit up again.

tireironsaint - 2-16-2009 at 08:49 PM

Congratulations man!

moron - 2-16-2009 at 08:51 PM

Thanks!

clevohardcore - 2-16-2009 at 09:35 PM

Thats great news man. And right now you should be able to get a great deal. Sure its scary, but believe me, it will feel so good the first time you walk in when you finally own it. You'll hump like mad in every room.

BDx13 - 2-16-2009 at 10:19 PM

yeah, that is a big check to write, but once you get in the swing of your monthly payments, you won't even think of it.

try not to blow EVERY dime on the down payment and closing costs - you'll want to have a couple bucks to fix things up or buy new stuff once you move in.

anyway, congratulations, homie, I'm excited for you both.

DAK - 2-16-2009 at 10:24 PM

Congrats!!!

Dave - 2-16-2009 at 10:53 PM

congrats, just wait until you have your first sleep in your own house, it'll be all worth it.

defstarsteve - 2-16-2009 at 11:17 PM

hey congrats
onthe front page of cnn
they just said that every first time buyer gets an 8000.00 credit this year,
so that might help
thanks easter obama bawk bawk

http://money.cnn.com/2009/02/13/real_estate/homebuyer_tax_cr...

franklo - 2-17-2009 at 09:55 AM

Owning a home is a great feeling.Just make sure you
have a savings account going for unexpected things.Heater and
water repairs get costly quick.Congrats! :thumbup:

-Franklo

moron - 2-17-2009 at 03:22 PM

Thanks everyone.

Quote:

Originally posted by defstarsteve
hey congrats
onthe front page of cnn
they just said that every first time buyer gets an 8000.00 credit this year,
so that might help
thanks easter obama bawk bawk

http://money.cnn.com/2009/02/13/real_estate/homebuyer_tax_cr...

I'm holding off filing my taxes until the closing date because of this. I started doing my taxes on Sunday and for some reason we OWE almost $3000. Somehow our jobs aren't taking out enough taxes. It wouldn't be such a big deal if we weren't buying a house! With that tax credit though we'll actually get money back, and we'll put that to good use buying shit for the house.

Dave - 2-17-2009 at 03:31 PM

would that tax credit go for next years taxes?
since your buying your house in 09, would it go towards your 09 taxes not your 08?

defstarsteve - 2-17-2009 at 03:36 PM

yeah my guess is it would be on 09 taxes since people have already started doing them and he isn't signing until today
and with the date lasting till dec that is a good indicator for next year as well

moron - 2-17-2009 at 04:13 PM

"First-time buyers can claim a credit worth $8,000 - or 10% of the home's value, whichever is less - on their 2008 or 2009 taxes."

straight from the article defstar linked. It also says that if you already filed your taxes you can file an amended returns to get the credit.

Dave - 2-17-2009 at 04:27 PM

that's pretty sweet then moron, that'll help out, with some of the closing/moving costs etc.

we need some pics once you take possession! :cool: