TL;DR: I used to dread car buying process. But I kind of now enjoy hacking deals. Complexities of home buying process scares me. How can I turn it around to my advantage?
I am looking to return back from renting to owning, but I want to “hack” housing purchase/mortgage process the way we do with auto purchase.
Where would you guys direct me if I want to have same level of confidence for going through home purchasing process? I am curious what resource that you would consider “leaseHackr” equivalent of knowledge sharing platform (i.e. website, forums or community).
I went from ZERO to (sub) HERO scale on all things related to auto-leasing by investing time on this topic at leaseHackr, Edmunds and reddit along with some supplement readings. When I compare myself in 2020 vs 2018, I consider myself as informed buyer and confident when going to through car purchasing process…. I can’t say that for purchasing home.
I previously had mortgage when I was 19 year (basket case of reckless lending in 2000s except I didn’t default… ) and sold it in 2014. I lived through “House Poor” phase in my 20s . I was glee to cash out and live as tenant for past 5+ years. Life situation has evolved (family with kids). I feel ready to enter again but I desperately want to avoid mistakes that I lived through previously. I am semi-literate on home ownership to know that mortgage process is complex with many pitfalls. Car purchase is not same as house but considered as 2nd biggest purchase that is also full of pitfalls. I rather invest 100-200 hours in researching rather than getting in financial commitment and feel miserable like I did in my 20s.
Hoping for some constructive feedback. As always, I appreciate your guidance.