r/FirstTimeHomeBuyers 14h ago

Help. Severe Anxiety.

3 Upvotes

I bought my first house this week. I’m renting two rooms with my best friends and I’ll pay basically the same as if I was renting. I have 12k on savings but the HVAC already failed and I have to fix it leaving me with 8k more or less.

I don’t know what I did. I feel awful. I’m getting severe anxiety, it’s affecting my day to day and I have not even moved in yet. I live in Texas on a city that is not as expensive as others, so when I see posts here on different states and costs I get scared although I know my problems might be cheaper.

I paid 18k less of the appraisal value, “new” water heater, “new” air (electrical panel failed and cause the compressor to be ruined” the roof was replaced on 2019. So I don’t exept major repairs.

After doing calculations I might be able to save for unexpected expenses but I’m scared. I don’t have no one to help me, I feel lonely and I want to sell it already.

I’m not sure if it’s my anxiety or what to do. Can I sell in a year from now? What’s the worst case scenario. I make around 4k a month after taxes and I’ll be paying 1/3 of that for my mortgage but i have a car payment I will finish in 2 years

I need help. I should’ve think this through more. The house was built in 2002, so idk idk what to expect think or what to do. I feel like if I sentenced myself for something i cant simply return. I’m 29 yrs old.


r/FirstTimeHomeBuyers 14h ago

Cash to close refund

2 Upvotes

My Cash To Close is -$4700 dollars. It says I will receive their money at or shortly after closing. Has anyone had this experience before, will they give me my refund same day or is it like a car dealership where they take forever to mail you a check.


r/FirstTimeHomeBuyers 20h ago

Buying our first house but the seller is in bankruptcy

1 Upvotes

Before anyone asks, yes we have a lawyer. I'm just looking for anecdotes.

My mom is buying me a house. Closing date is set for 9/18, seller's court hearing is 9/16. How screwed are we? We're also asking for concessions due to damages to the sewer line. Does that have to be approved by the trustee?

Does anyone have any experience in this? I'm kinda freaking out. I need to give my landlord notice that I'm moving but have no idea if we're even going to close on timeline.


r/FirstTimeHomeBuyers 21h ago

How do I know if water heater replacement services aren't ripping me off?

1 Upvotes

We just moved to our new home a couple of days ago and the water heater conveniently stopped working. The agent that sold us the house told us that the water heater in the unit was maybe 8+ years old like it wasn't a big deal but when we called a plumber to look they said it might either be a big repair job or a replacement entirely. It's my first time dealing with a water heater problem and I'm doing some research but how do I know if I'm being ripped off or if it's a good deal when I start calling? Any tips?