Click To View Links

My First Home Buying Experience

by Jeff Ragan
(Flint, MI)

My First Home Buying Experience - My First Home

My First Home Buying Experience - My First Home

Since I am the owner of this website, I wanted to demonstrate how you can share your own home buying experience. So I will tell my story. The first home I bought was a HUD foreclosure.

I will never forget the day I first looked at the home. The windows and doors were boarded up. I had to look at the house with a flashlight.

The real estate agent warned me before getting there about the condition. He told me to try and visualize what the house would look like with all new paint and flooring.

So after looking at it, I could see it would make a nice home since it was going to be repaired into brand new condition. I was told I would need to sign a purchase agreement and could watch the progress of the house and I would not have to close on it until it was all done and ready to move in.

We got to pick the colors of paint and carpet. The same thing for the vinyl flooring in the kitchen.

Move In Time

Soon it was all done and ready to move in. I closed on the house and soon we moved into it. Everything was like new.

That was in 1978. The house cost me $19,000. My house payments were less than $250 a month including taxes and insurance.

I got my first FHA home loan. It was so nice, I only had to put down 3% which was only $570. The seller paid my closing costs.

My Real Estate Agent

The real estate person did a great job helping me know what to expect. So my first home buying experience was very good.

I cannot even remember how I got the financing. I know the real estate person helped me get in touch with the right people.

I lived in that house for about ten years. I sold it for $45,000 and bought my next house.

Since then, I have owned over 12 homes. Many of them have been foreclosures. I have only lived in 3 of them. The rest of them I fixed up and sold them for a profit.

Tell The World Your Story...Go Ahead and Brag!

Go ahead now and tell others your story!

Click here to post comments

Return to Your Home Buying Experience.

Recent Articles

  1. Rhode Island First Time Home Buyer Grants

    Jan 01, 20 03:08 PM

    Searching for Rhode Island first time home buyer grants to purchase a home? Find cool grants/programs for home buying in Rhode Island available on this page!

    Read More

  2. First Time Home Buyer Grants State Lists

    Nov 13, 19 09:36 AM

    Looking for first time home buyer grants state lists? Find the coolest list of agencies by state helping you locate down payment help for that first mortgage.

    Read More

  3. Buying a Home USDA vs FHA

    Oct 08, 19 08:33 AM

    Hello, I have a question regarding USDA vs. FHA home loans. I am in the process of getting a home in the next month but was told I wouldn't be approved

    Read More

Buyer Programs

fha loans

The FHA Loan Products

Home Buyer Grants

zero down home loans

Zero Down Home Loans

Follow Us On Twitter

follow me on twitter