I hope I’m making the right decision (first time homebuyer in shit market)

So COVID delayed my marriage and my house purchase. Me and my wife want to move forward, start a family, get out of this 700 sqft apartment. Rent is fairly cheap for the area but we are under contract for a house

We make good money, taking in around 10k net income per month. Of course we had to up our budget but mortgage will be around 3200 all in.

It leaves a good amount of room but I feel strange buying a 700k house that’s fairly small itself lol. My friend who lives more southern part of the state has 600 more sqft and his house is half the price. I’d been thinking about moving down there, but My wife loves everything about the house and area. it’s 2 minutes from her parents and the entire thing is completely updated.

I had been thinking about waiting the market out but who knows what will happen. I just hope i can keep value long term

Wish we bought before the wedding:(

submitted by /u/BalIsack
[link] [comments]

So COVID delayed my marriage and my house purchase. Me and my wife want to move forward, start a family, get out of this 700 sqft apartment. Rent is fairly cheap for the area but we are under contract for a house We make good money, taking in around 10k net income per month. Of course we had to up our budget but mortgage will be around 3200 all in. It leaves a good amount of room but I feel strange buying a 700k house that’s fairly small itself lol. My friend who lives more southern part of the state has 600 more sqft and his house is half the price. I’d been thinking about moving down there, but My wife loves everything about the house and area. it’s 2 minutes from her parents and the entire thing is completely updated. I had been thinking about waiting the market out but who knows what will happen. I just hope i can keep value long term Wish we bought before the wedding:( submitted by /u/BalIsack [link] [comments]

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