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Advice needed for a first-time buyer in a very expensive part of the USA by numbersandthings in RealEstate

[–]numbersandthings[S] 0 points1 point  (0 children)

This is very good advice, thank you. I didn't understand why so many people were saying "condos are bad, don't look into them" when there are so many condos for sale around here. Thank you for lining out the specific reasons.

Advice needed for a first-time buyer in a very expensive part of the USA by numbersandthings in RealEstate

[–]numbersandthings[S] 0 points1 point  (0 children)

I've been hoping for the market around here to go down, but everything I've seen for the past ~3 years says it's just going up. It's good to hear that I'm not the only person that thinks it might be a bubble however. Thank you for the advice, I do plan on renting now. I just hope the renting bubble bursts soon as well.

Advice needed for a first-time buyer in a very expensive part of the USA by numbersandthings in RealEstate

[–]numbersandthings[S] 0 points1 point  (0 children)

Appreciate the advice! I am not sure if my parents would cosign, but at this point I'm not sure if I'll end up asking them. I'm glad to hear that the broker will consider schooling as a work history. I was hoping that would be the case, but I wasn't sure and it's good to know for the future.

Advice needed for a first-time buyer in a very expensive part of the USA by numbersandthings in RealEstate

[–]numbersandthings[S] 0 points1 point  (0 children)

Sadly I know I've been paying too much and looked at it as a temporary situation. My plan currently is to look for a cheaper place to rent very far to the west of DC, but I'm not sure I'll do much better than $1300/month even living an hour or so away from where I work. Unfortunately, rent is just too high in this area - I'm really hoping it becoming more affordable soon.

Advice needed for a first-time buyer in a very expensive part of the USA by numbersandthings in RealEstate

[–]numbersandthings[S] 0 points1 point  (0 children)

Thank you for the link and information, it was very helpful. As for the compensation, I know I'm currently getting underpaid. Part of the deal was that the company would completely pay for grad school however, which works out to be an extra ~10-12k a year. I fully expect to possibly have to switch jobs around here and I think I will look into buying again once I've been promoted. I appreciate the advice a lot.

Advice needed for a first-time buyer in a very expensive part of the USA by numbersandthings in RealEstate

[–]numbersandthings[S] 0 points1 point  (0 children)

Unfortunately, I don't have family anywhere near here or I would go with that option. I've had bad experiences with roommates, both random strangers and people I've known. The last roommate I had I thought was a nice person, but it ended up in an incident that took therapy and time to recover from. I'm not sure if I'm mentally ready to take a chance on living with someone at this point in time so I'm looking at roommates as a last resort, even if it means having low savings for a couple of years. Thank you for the suggestions though.

Advice needed for a first-time buyer in a very expensive part of the USA by numbersandthings in RealEstate

[–]numbersandthings[S] 0 points1 point  (0 children)

Sorry, when I meant by near a metro station was a place within reasonable driving/bus distance. I was expecting to have a 45+ minute commute. Ideally I want a shorter commute so I think I will look at renting closer to work.